The report forecasts the global multi-tenant and wholesale data center market to grow at a CAGR of 13.08% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
An emerging market trend is the growing demand for green data centers. The increase in carbon emissions and high consumption of electricity by data centers worldwide are leading to the construction of green data center facilities. These facilities help in the operation of energy efficient IT, power, and cooling infrastructure. Concepts such as free cooling, use of renewable energy sources, consolidation, and waste recycling are being implemented in green data centers to improve their performance.
According to the report, a key growth driver is the growing demand among SMEs for colocation and managed services across the globe. They have a limited budget and are always looking for services that can reduce their capital and operational expenditure. Colocation and managed services help SMEs reduce their financial burden in building and operating data centers. The growing adoption of cloud-based services will lead to SMEs opting for cloud-enabled colocation and managed hosting facilities.
Further, the report states that a major challenge that could curtail market growth is the adoption of containerized data centers.