The value of the global market for multi-tenant data centres is predicted to increase from US$ 38968.9 million in 2022 to US$ 130716.6 million in 2032, growing at a CAGR of 12.9% in that time. In a multi-tenancy data centre service, typically the service provider manages the infrastructure while the end-user unit manages the delivered service.
Depending on the business requisite and regulations a tenant compartment may sweep across physical boundaries, organizational boundaries or even between two different enterprises. Multi-tenant data centers deploy infrastructure which perfectly figures out how to deliver more with few resources resulting in the reduction of the capital expenditures in data centers.
Companies are adopting the multi-tenant infrastructure as it also caters the need of a quick response in business processes in this competitive environment and also overcomes the challenge of finding skilled IT staff in different geographical regions where the enterprise is located.
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Multi-tenant Data Centers Market: Drivers and Restraints
The ever growing internet traffic is the major driver for the growth of multitenant data centers market. Moreover, factors such as continuous up gradation in data centers resulting in obsolescence in existing data centers, increase in demand for IT services, and increased IT spending are driving the growth in multi-tenant data center market.
Also, low operational costs, quick response and deployment, and technical advancements in IT are also some important factors resulting in the growth of multi-tenant data centers market.
However, data security concerns and inflexibility of some multi-tenant data centers are some challenges faced by multi-tenant data centers market.
Multi-tenant Data Centers Market: Key Players
CenturyLink, Cisco, IBM Corporation, Digital Realty, Equinix, Inc., RACKSPACE, Global Switch, Level 3 Communications, and NTT Communications Corporation, are some of the key players in multi-tenant data centers market.
Other prominent players in this market include Ascenty, AT&T, CentriLogic, China Telecom, CtrlS Datacenters, Cyrus, Expedient Data Centers , Telefonica, Telehouse (KDDI), Datapipe, Digiplex, DuPont Fabros, , Fujitsu, HCL, Interoute Communications, Interxion, IO, NaviSite, PCCW Global, Singtel, Telstra International, Verizon Enterprise, and Zayo Group.
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Regional Analysis
How is the Performance of North American Multi-tenant Data Centers Market?
North America is currently the largest market for multi-tenant data centers, with a market share of 36.2%, and the share is anticipated to rise further during the forecast period.
The reason being the IT and data related industry is growing at a decent pace in this region, and with increased usage of SDDC in this region, the growth will only propel further. Moreover, the existence of competitive environment within various industries might also be instrumental in further increasing the market share in North America.
How is the Performance of European Multi-tenant Data Centers Market?
Europe, which has a market share of 24.1%, is also expected to exhibit growth during the forecast period.
A significant increase in the demand for such data centers by large scale businesses, and also evolving IT sector in this region is expected to drive the multi-tenant data centers market in this region.
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Key Companies Profiled
- Ascenty
- AT&T
- CentriLogic
- China Telecom
- CenturyLink
- Cisco
- IBM Corporation
- Digital Realty
- Equinix Inc.
- RACKSPACE
- Datapipe
- Digiplex
- DuPont Fabros
- Global Switch
- Level 3 Communications
- NTT Communications Corporation.
Key Segments Profiled in the Multi-tenant Data Centers Market Survey
By Solution:
- Retail Colocation
- Wholesale Colocation
By Component:
- Solutions
- Services
By Application:
- Public Cloud
- Private Cloud
By Organisation Size:
- Small & Medium Enterprises
- Large enterprises
By Industry:
- IT & Telecom,
- BFSI,
- Healthcare,
- Government & Defence,
- Manufacturing,
- Retail,
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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