A data center colocation is a third-party leased facility where businesses rent space for servers and other equipment to store data. These servers and equipment are managed by a data center colocation provider. The providers offer the infrastructure, power, cooling, bandwidth, and security to the enterprises. The enterprises rent the space by the cabinet, rack, cage, or room. Using data center colocation facilities helps reduce the costs of IT services, power consumption, and cooling costs. It also offers power and high internet connectivity, which assists in maximizing uptime. Moreover, colocation facility providers provide data security for situations such as power outages.
Data center colocation providers offer flexible and scalable solutions that can be customized according to the changing needs and business expansion of the customers. They can quickly provide additional space, power, and connectivity required by the companies to scale their IT infrastructure and business needs. Data centers offer high security for their facilities, including video surveillance and access controls, which provide customers with trust that their data will be safe in the data center colocation infrastructure. It ensures 24x7x365 remote services to keep systems up and running regularly. All these factors boost the adoption of data center colocation services and accelerates the Australia data center colocation market growth.
The rising demand for digital services, cloud computing, and big data analytics is driving the need for high-performance and scalable, secure data center infrastructure. In addition, many organizations are migrating their workloads to the cloud. This has led to an increase in demand for colocation services, as companies require data center infrastructure to support their cloud-based applications and services. Moreover, the increased volume of data generated needs to be processed by organizations. This requires a high-performance computing infrastructure that can handle a large volume of data and provides real-time insights, which can be provided by data center colocation providers. Thus, the growing adoption of technologies is propelling the Australia data center colocation market growth in Australia.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 3,094.62 Million |
Market Size by 2028 | US$ 7,885.00 Million |
Global CAGR (2023 - 2028) | 17.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | Australia
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Market leaders and key company profiles |
The List of Companies - Australia Data Center Colocation Market
Australia data centre colocation market is expected to reach US$ 7885.00 Mn by 2028.
The key players, holding majority shares, in Australia data centre colocation market includes Equinix, Inc.; Digital Realty Trust Inc; Fujitsu Australia Ltd; Rack space Technology Inc; and NEXTDC Ltd
Hybrid clouds in colocation data centres and rise in inclination towards green data centres is anticipated to play a significant role in conducting Australia data centre colocation market in the coming years.
Growing need to reduce overall IT costs and adoption of technologies such as IoT, and cloud are the major factors that propel the Australia data centre colocation market growth.
Australia data centre colocation was estimated to be US$ 3094.62 Mn million in 2022 and is expected to grow at a CAGR of 17.2 %, during the forecast period 2023 - 2028.