As the data requirement keeps growing so is there increasing demand for efficient Information Technology (IT) infrastructure.
Datacenter colocation plays a major role in providing much-needed benefit to companies willing to reduce their operating costs and remain competitive.
Enterprises (small, medium and large) which are facing challenges related to burgeoning data and moving their services onto the cloud, colocation has become one of the preferred options.
This has led to a movement towards leasing of colocation facilities which was traditionally dominated by owning data centers and having a dedicated team of IT professionals for maintaining and troubleshooting the issues.
The competitive intelligence section deals with major players in the market, which are Equinix, Rackspace, Telehouse, Verizon, Soft Layer, Colt Technology Services, Zayo Group, Century Link, Coresite Realty Corporation, Internap, Net Data Centers, and Single Hop.
Furthermore, the opportunity to focus on revenue generation rather than on non-revenue generation activities also support market growth, thereby increasing the data center collocation market size.