The global retail colocation market size is calculated at USD 10,927 million in 2024 and is predicted to reach around USD 35,169 million by 2034, expanding at a CAGR of 12.4% from 2024 to 2034.
The retail colocation market is a subsector of the data center facility service industry, which provides colocation services to the retail or businesses. Colocation services usually include building, cooling, power, bandwidth, and physical security. These services are mainly needed for startups, small and medium-sized enterprises, and companies that require backups, etc. The market growth is driven by the increasing adoption of cloud computing, growth in SMEs, the need for data security, the adoption of IoT technologies, and the requirement for the management of big data.
The key restraints in the future for the retail colocation market will be the high initial cost for the development of infrastructure, cybersecurity risks, and competition from the other cloud services. The future of the retail colocation market looks promising, with growth expected due to a need for data storage and technological advancement in the data centers, as it requires minimum cost, which will be beneficial for SMEs. A sustained boom in e-commerce, increased focus on security concerns, and advanced infrastructure in emerging economies are also set to fuel future growth in the market.
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| Stats ID: | 7085 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7085 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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