Network File System Market: Understanding the Roadmap to US$ 13.5 Billion by 2032

The market for network file systems is projected to grow to a value of US$ 3.5 billion in 2022 and to US$ 13.5 billion by 2032. In the forecasted period from 2022 to 2032, it is anticipated to expand at a CAGR of 14.2%.

Today’s business operations in corporations rely on data center infrastructure, which satisfies an organization’s IT requirements by storing, processing, and providing a sizable amount of data on a server. Data centers are in high demand because of the rapid expansion of corporate processes, which has led to the development of multi-tenant data centers.

A single instance of a software program can serve several clients in a multi-tenant data center, provided that the customers have some sort of affinity. In a multi-tenancy data center service, typically the service provider manages the infrastructure while the end-user unit manages the delivered service.

A tenant compartment may cross geographical boundaries, organizational barriers, or even between two different businesses, depending on the business requirement and requirements.

The deployment of infrastructure in multi-tenant data centers perfectly identifies how to deliver more with fewer resources, reducing data center capital costs. Businesses are implementing multi-tenant infrastructure because it meets the demand for quick responses in business operations in this cutthroat climate and solves the problem of obtaining qualified IT professionals in the various geographic areas where the company is located.

Multi-tenant Data Centers Market: Drivers and Restraints

The ever-growing internet traffic is the major driver for the growth of the multitenant data centers market. Moreover, factors such as continuous 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 the 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 the multi-tenant data centers market.

However, data security concerns and the inflexibility of some multi-tenant data centers are some challenges faced by the multi-tenant data centers market.

Multi-tenant Data Centers Market: Segmentation

Multi-tenant data centers market can be segmented on the basis of application, end-user vertical, and region. On the basis of application, it can be further segmented into public cloud and private cloud. By end user vertical, it can be sub-segmented into IT and Telecom, Healthcare, Defence, Manufacturing, Retail, Media and Entertainment, Food and Beverages, Energy and Utility, and Others.

Region-wise, the Multi-tenant data centers market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and the Middle East & Africa.

Multi-tenant Data Centers Market: Regional Overview

North America region is the largest market for multi-tenant data centers due to the presence of a wide variety of end-user enterprises and the competitive environment between them. In Europe, the multi-tenant data centers market is also growing at a significant pace due to the rise in business demands and IT needs.

Multi-tenant data center market growth in the Asia-Pacific region is the fastest due to the large-scale outsourcing of managed hosting services in this region. The Latin America and Middle East multi-tenant data centers market is at an emerging stage.

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 the 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.