Technology

Data Center Colocation and Managed Hosting Services Market to Grow by USD 236.9 Billion (2024-2028), Driven by Rising Demand for Colocation Facilities, with AI Impacting Market Trends – Technavio

Published

2 days ago

November 20, 2024

NEW YORK, Nov. 20, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global data center colocation and managed hosting services market size is estimated to grow by USD 236.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.82% during the forecast period. Rising demand for data center colocation facilities is driving market growth, with a trend towards growing investments in hyper-scale data centers by colocation providers. However, increasing demand for cloud-based services poses a challenge.Key market players include BT Group Plc, Chunghwa Telecom Co. Ltd., Cogent Communications Holdings Inc., CoreSite Realty Corp., Cyfuture, CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Fidelity National Information Services Inc., Flexential Corp., Internap Holding LLC, KDDI Corp., Lumen Technologies Inc., Navisite LLC, NTT DATA Corp., phoenix NAP LLC, Rackspace Technology Inc., Sabey Corp., and Verizon Communications Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (BFSI, Healthcare, E-commerce, Telecommunication, and Others), Type (Wholesale and Retail), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

BT Group Plc, Chunghwa Telecom Co. Ltd., Cogent Communications Holdings Inc., CoreSite Realty Corp., Cyfuture, CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Fidelity National Information Services Inc., Flexential Corp., Internap Holding LLC, KDDI Corp., Lumen Technologies Inc., Navisite LLC, NTT DATA Corp., phoenix NAP LLC, Rackspace Technology Inc., Sabey Corp., and Verizon Communications Inc.

Key Market Trends Fueling Growth

In today’s digital age, businesses are increasingly relying on data center colocation and managed hosting services to manage their IT infrastructure. Trends such as cloud computing, cybersecurity, data management, remote work solutions, artificial intelligence, automation, IoT devices, and hybrid work models are driving the growth of this market. IT & telecom, manufacturing, retail & consumer goods, healthcare & life sciences, energy & utilities, media & entertainment, and various verticals are investing in these services for operational efficiency and overhead cost savings. Cybersecurity is a top priority, with IT executives focusing on data security, endpoint security, network monitoring, and business continuity. Pricing pressures and differentiation are key challenges, as companies seek to provide superior customer experiences and competitive edge in the market ecosystem. Deployment models like DCaaS (Data Center as a Service) are gaining popularity, as are hybrid models that combine on-premises infrastructure and cloud solutions. Cyber threats, data leakage, and attack surfaces are major concerns, with cyber hardening and malware protection essential. HIPAA compliance is crucial for healthcare and pharmaceuticals, while availability and service-level agreements are critical for all industries. Rackspace Technology and Google Cloud are major players, offering a range of services from physical infrastructure to digital services and online customer experiences. The retail industry, in particular, is embracing e-commerce, mobile shopping apps, and transaction history analysis, with giants like eBay and Amazon leading the way. The market is expanding rapidly, with the metaverse concept and social media adding new dimensions to the digital services landscape.

The data center colocation and managed hosting services market are experiencing significant growth due to increasing investments in hyper-scale data centers. With the advent of the smart revolution, the creation of vast amounts of data necessitates efficient processing. Hyper-scale data centers are becoming a priority to manage this data influx. Equinix Inc., among other providers, has announced the construction of such data centers in May 2022. These facilities will cater to the escalating information processing demands of a connected world.

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Market Challenges

In today’s digital age, businesses face numerous challenges in managing their IT infrastructure. Cloud computing has disrupted traditional data center models, leading to cybersecurity concerns. Data management, remote work solutions, and the increasing use of IoT devices require new approaches. Hybrid work models and distributed teams demand endpoint security and network monitoring. Pricing pressures force differentiation through superior customer experiences and client relationships. IT security professionals grapple with cyber threats, data leakage, and attack surfaces from malware. Operational efficiency and regulatory compliance, such as HIPAA, add to the complexity. Data center colocation and managed hosting services offer physical infrastructure solutions, overhead cost savings, and a competitive edge. Rackspace Technology and Google Cloud are key players, while on-premises infrastructure and social media platforms like eBay and Amazon continue to shape the market ecosystem. Verticals like retail, healthcare, energy, media, and manufacturing all have unique needs. IT executives must navigate these challenges to maintain business continuity and ensure availability through service-level agreements (SLAs). DCaaS and IT & telecom companies are essential partners in this digital transformation journey.The global shift towards cloud computing is driving the growth of data center colocation and managed hosting services market. Organizations, regardless of size, are seeking to minimize capital expenditures (CAPEX) by adopting cloud solutions. SMEs and start-ups benefit from the scalability of hardware and resources provided by cloud service providers. Large enterprises also leverage cloud-based services to scale workloads on-demand, eliminating the need for expensive data center setup and maintenance. Cloud solutions offer quicker implementation compared to traditional on-premises software, making them an attractive choice for businesses.

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Segment Overview

This data center colocation and managed hosting services market report extensively covers market segmentation by

End-user 1.1 BFSI1.2 Healthcare1.3 E-commerce1.4 Telecommunication1.5 OthersType 2.1 Wholesale2.2 RetailGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 BFSI- The banking and financial services sector (BFSI) is experiencing significant growth in m-commerce and e-commerce activities in North America, Europe, and developing economies like India and China in APAC. Financial data, including customer financials, account information, cardholder data, and transaction and personal information, is highly regulated by regulatory bodies such as the EU’s General Data Protection Regulation (GDPR). BFSI companies, including Goldman Sachs, JPMorgan Chase and Co., and Morgan Stanley, require optimal uptime, security, connectivity, and data integrity for sharing information across networks. Traditional data center ownership poses high operating costs for global BFSI companies, leading them to outsource colocation space from vendors or lease servers from managed hosting service providers. This shift towards outsourcing is expected to drive the growth of the BFSI segment of the data center colocation and managed hosting services market during the forecast period.

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Research Analysis

The Data Center Colocation and Managed Hosting Services market is experiencing significant growth due to the increasing demand for cybersecurity, data management, and remote work solutions. With the rise of artificial intelligence, automation, IoT devices, and hybrid work models, businesses require secure and efficient data center solutions to manage their digital transformation. IT security professionals are prioritizing data security, endpoint security, and network monitoring to protect sensitive information. Differentiating customer experiences and building strong client relationships are crucial for gaining a competitive edge. Deployment models, operational efficiency, and regulatory compliance, such as HIPAA in healthcare and pharmaceuticals, are also key considerations. Enterprises are turning to colocation and managed hosting services to meet their unique needs, drive innovation, and stay ahead of the competition.

Market Research Overview

In the digital age, businesses increasingly rely on Data Center Colocation and Managed Hosting Services to manage their IT infrastructure. These services offer operational efficiency, overhead cost savings, and access to advanced technologies such as Cloud computing, Artificial Intelligence, and Internet of Things (IoT) devices. With the shift to remote work solutions and hybrid work models, data security and cybersecurity have become paramount. IT security professionals are tasked with safeguarding against cyber threats, data leakage, malware, and attack surfaces. The market ecosystem includes IT & telecom, manufacturing, retail & consumer goods, healthcare & life sciences, energy & utilities, media & entertainment, and various verticals. Industry expansion brings new opportunities but also pricing pressures, requiring differentiation through superior customer experiences and client relationships. Deployment models range from on-premises infrastructure to DCaaS, with IT executives leveraging these services to gain a competitive edge. In the Metaverse concept, data centers play a crucial role in supporting digital services, online customer experiences, e-commerce, and online retail. Companies like Rackspace Technology and Google Cloud are leading the charge, offering managed hosting services tailored to various industries, from healthcare and pharmaceuticals to enterprises. The retail industry, in particular, benefits from data management, enabling transaction history analysis, cashierless checkout, and personalized marketing through social media and mobile shopping apps. However, the increasing use of these services also presents challenges. Ensuring HIPAA compliance in healthcare and pharmaceuticals, addressing cybersecurity concerns, and maintaining availability and business continuity through service-level agreements are critical. As the market evolves, providers must stay ahead of the curve, offering advanced security features like cyber hardening and endpoint security, as well as network monitoring and automation to meet the demands of distributed teams.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userBFSIHealthcareE-commerceTelecommunicationOthersTypeWholesaleRetailGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

PASHA Holding forges global connections at COP29

Published

2 hours ago

November 23, 2024

BAKU, Azerbaijan, Nov. 23, 2024 /PRNewswire/ — PASHA Holding, a leading Azerbaijani company, successfully participated at COP29, reaffirming its dedication to climate action. As an Impact Partner at the event, PASHA Holding actively engaged in meaningful discussions, collaborated with global stakeholders, and shared its vision for a sustainable future.

The holding’s presence included a tailored booth in the Green Zone, alongside multiple thought-provoking sessions led by PASHA Holding companies, including PASHA Bank, Kapital Bank, PASHA Insurance, PASHA Life, AgroDairy, and PASHA Real Estate. These sessions addressed critical issues such as climate finance, sustainable agriculture, and the role of private sector leadership in fostering inclusive green transitions.

Through its participation, PASHA Holding leveraged the opportunity to exchange ideas, build relationships with regional and global peers, and learn from diverse experiences in tackling climate challenges. By engaging with stakeholders from government, international organizations, and the private sector, PASHA Holding enhanced its capacity to drive sustainable development initiatives in Azerbaijan and beyond.

Aytaj Mukhtazada, Head of PR and Communications at PASHA Holding, remarked:

“COP29 has been an extraordinary platform for us to amplify our sustainability vision and forge valuable connections. The insights gained and partnerships established here will enable us to align our strategies with global climate objectives while addressing the unique needs of our region. This experience underscores the importance of collaboration in creating impactful, long-term solutions to the challenges we all face.”

Key elements of PASHA Holding’s sustainability strategy include minimizing the environmental impact of its own operations, investing in projects that support the transition to net zero, and investing in technological innovation to address the challenges presented by climate change. In the near future, the group plans to conduct comprehensive diagnostics and gap analysis across its subsidiaries to set specific goals to decrease our carbon footprint, including supply chain, support the customers in their transition journeys and increase investments in green initiatives. Additionally, PASHA is committed to empowering its stakeholders through education and collaboration, ensuring that sustainability is embedded across the wider economy. These plans include supporting the development of a sustainable SME landscape in the country, aiding farmers in their green transition, and supporting innovation for developing decarbonization solutions.

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SOURCE PASHA Holding

Technology

Global Times: China vows to promote steady growth of foreign trade

Published

3 hours ago

November 23, 2024

BEIJING, Nov. 23, 2024 /PRNewswire/ — Officials from five Chinese departments including the Ministry of Commerce (MOFCOM), the Ministry of Foreign Affairs and the People’s Bank of China vowed to promote the steady growth of foreign trade at a press conference held on Friday in a move experts said is part of a package of policy measures to inject impetus and confidence into stabilizing the economy and help realize its annual economic targets.

Meanwhile, at the same press conference, the vice commerce minister highlighted China’s capacity in dealing with external shocks in the first explicit, publicly known response by a senior commerce official to the impact of the US’ potential 60 percent tariffs on Chinese imports. He stressed tariffs will only lead to high costs for consumers, and a stable, healthy and sustainable development of China-US economic and trade relations will benefit peoples of both countries and the world.

The press conference came after MOFCOM, together with the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the People’s Bank of China and the General Administration of Customs rolled out nine measures to support foreign trade, involving support and guidance in insurance, financing, cross-border trade settlement, expanding scope on imports and exports, optimization of trade structure, visa facilitation and transportation.

Analysts noted that the latest move will further enhance the confidence of Chinese foreign trade enterprises, thereby injecting a stable and strong impetus to economic development, helping the country navigate the complexities of the global market.

Policy support

During the press conference, Chinese Vice Commerce Minister Wang Shouwen noted that the policy is aimed at responding to changes in the international trade situation and promoting solutions to practical difficulties faced by foreign trade enterprises in financing and maritime transport.

The raft of policy measures aimed at promoting the steady growth of foreign trade was deliberated and adopted by a State Council executive meeting on November 8.

The Ministry of Commerce on Thursday unveiled the policy measures in a notice. Among the nine specific measures, financial institutions are encouraged to increase financing support for micro, small and medium-sized companies based on market-oriented and law-based principles.

Efforts should be made to optimize cross-border trade settlement, promote the development of cross-border e-commerce, expand agricultural product exports, and support the imports of key equipment and energy resources, said the notice.

The overall situation of China’s foreign trade is relatively optimistic, but at the same time we should also see that uncertainties continue to accumulate. Maintaining stable growth in foreign trade and sustained improvement in competitiveness cannot be separated from policy support, Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, said on Friday.

“The timely joint efforts by five Chinese departments enhanced the confidence and expectations of Chinese foreign trade enterprises, and the measures will effectively help address problems of current foreign trade and future uncertainties,” Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times on Friday.

Stable growth in foreign trade can provide more impetus for the domestic economy. The nine measures are part of a package of policy measures to inject growth momentum and confidence into stabilizing the economy, which will help realize the country’s annual economic targets, Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, said on Friday.

“Consumption, investment, exports and market sentiment all improved in October, and this trend is highly likely to continue in the last two months of the year, as the confidence of enterprises and consumers has been shored up thanks to the support policies,” Wang Peng told the Global Times.

Resilient against external shocks

At the press conference on Friday, Wang Shouwen also stressed that China has the capacity in dealing with external shocks largely owing to its resilient and vibrant economy that has great potential in a response to a question on the impact of the US’ potential 60 percent tariffs on Chinese imports.

China is building a “dual circulation” development pattern, which takes the domestic market as the mainstay while allowing domestic and international markets to reinforce each other. We are capable of resolving and withstanding the impact of external shocks, the official told reporters.

Wang Shouwen noted that history has also shown that the imposition of tariffs on China by a country does not solve the problem of its own trade deficit, on the contrary, it pushes up the prices of the country’s imports from China as well as from other countries.

This is because the tariffs are ultimately paid for by the consumers and the end-users of the importing country, which inevitably leads to an increase in the prices paid by consumers and an increase in the costs to the users, which also leads to inflation, the vice commerce minister further elaborated.

The vice commerce minister said that China and the US are the two largest economies in the world, and have strong complementarities. We believe that if China and the US can maintain a stable, healthy and sustainable development trend in their economic and trade relations, it will be beneficial to both the Chinese people and the American people, as well as the people of all countries in the world, and this is also what the international community expects, he said.

China is willing to engage in dialogue with the US on the basis of the principles of mutual respect, peaceful coexistence and win-win cooperation, in a bid to expand areas of cooperation, manage differences, and promote the stability of the bilateral trade and economic and trade relationship, Wang Shouwen said, noting that China will also firmly safeguard its own sovereignty, security and development interests.

Chinese companies have advantages in ordering, transportation, warehousing and other export-related areas that are difficult for other countries to replace, due to their complete supply chain and high production efficiency, Li said.

“Moreover, the country’s economic resilience provides enough market size to address some of the external risks. In particular, China has continued to promote new dynamics in foreign trade and new quality productive forces, which will cultivate new international competitive advantages,” Li noted.

“Years of China-US trade and investment have made the two sides interdependent. In addition to providing US consumers with cost-effective products, China’s exports of its intermediate products have become embedded in the US supply chain and have become part of the competitiveness of many US industries,” Li said, noting that the US needs to maintain rationality in its economic and trade policy toward China.

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SOURCE Global Times

Technology

ZICC: Closer China- Honduras Ties

Published

3 hours ago

November 23, 2024

BEIJING, Nov. 23, 2024 /PRNewswire/ — Renato Florentino, vice president of Honduras, accepted an exclusive interview with ZICC in Wuzhen during the 2024 World Internet Conference Wuzhen Summit. He said that China’s advancements in transportation, communication, and computing impressed him a lot. “We hope to continue to promote the cooperation between Honduras and China and maintain close cooperative relations,” he said.

SOURCE ZICC