The global multi-tenant data centers market is forecasted to be valuated at USD 130716.6 million by 2032, up from USD 38968.9 million in 2022, advancing at a CAGR of 12.9% from 2022 to 2032.
Increase in the size of business services, better experience for clients and end users, and many other factors are expected to increase the sales of multi-tenant data centers.
| Report Attribute | Details |
|---|---|
| Multi-tenant Data Centers Market Valuation as on 2022 | USD 38968.9 million |
| Multi-tenant Data Centers Market Anticipated Forecast Value (2032) | USD 130716.6 million |
| Multi-tenant Data Centers Market Projected Growth Rate (2022 to 2032) | 12.9% |
Multi-tenant data center is also known as colocation data center. Using the multi-tenant data center, organisations have the ability to rent the required space to the host data.
The purpose of providing the space and the networking equipment is to connect the organisations to the service providers at a minimal cost. The renting can be done for achieving a variety of purposes ranging from server rack to a complete-purpose built module.
The multi-tenant data centers operate on an architecture which serves many clients using a single instance software application.
The infrastructure management of multi-tenant data centers is done by the service provider, and the end user make use of the service provided.
Depending on the business requirements, the compartment of these data centers can work across physical boundaries, organisational boundaries, or between two different organisations as well.
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The multi-tenant data centers are mainly meant for offering much output using very few resources. This helps in minimising capital expenditure. This is something which company looks forward to as it helps them to utilise this for some other useful investment. This is expected to increase the demand for multi-tenant data centers market.
Moreover, the multi-tenant data centers have this attribute of offering quick solution for any given business problem. This gives room to the managers to take the decision efficiently, thereby increasing the profit for the company. This is anticipated to increase the sales of multi-tenant data centers market.
The Internet is expanding faster than ever before. With the growing internet, the data, be it from the primary source or secondary source is also increasing. It becomes crucial to handle this data, so that the organisations can make the best use of this data, and create the appropriate product/service. This is expected to increase the demand for multi-tenant data centers market.
Apart from internet, even the IoT space, AI and ML sectors are also expected to rise rapidly in the given times. All this can be attributed towards the development of Web 3.0 by the technological giants.
The companies that are into development of Web 3.0 and related technology would certainly require the multi-tenant data centers. These would effectively manage the data, and would help the companies to come up with effective solutions. This might increase the adoption of multi-tenant data centers.
Moreover, in the current IT industry, the technological advancements are happening at a rapid space. There are chances that with such advancements, the architecture might become much complex. It is here that the multi-tenant data centers come to the fore.
These data centers are capable of handling multiple clients at a single time, thus making even the most complex architecture simple, and making them function effectively. This is anticipated to increase the demand for multi-tenant data centers.
There has been an increase in the application of Software-defined data center (SDDC). The speciality about SDDC is that they make use of storage, CPU, and security which are virtualised. This drastically reduces E- wastage, as a result of which the environment remains cleaner.
The growing demand for SDDC is linked to growing demand for internet. The increase in the usage of SDDC is also expected to increase the sales of multi-tenant data centers, and the usage of SDDC can be considered as an important cog in the wheel for the multi-tenant data centers market.
Healthcare industry is another sector where the data centers are on demand. With regulatory bodies emphasizing on rules based on records and details of the patients, the data centers would play a pivotal role in managing such huge chunks of data.
This is expected to increase the adoption of multi-tenant data centers.
However, data theft and hacking because of increase in the cybercrime cases remains a major concern for the multi-tenant data centers market. The developers should seek ways to improve the security by developing a fool proof architecture which would provide service excellence as well as data security.
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.
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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With rapid penetration of internet, and increase in the adoption of IoT and AI ML as well, there is a lot happening in the start up ecosystem of multi-tenant data centers market.
Data center wholesale start up, Prime Data Centers has unveiled a new hyperscale data center facility in Silicon Valley as it continues to increase the data centers in California. If the sources are to be believed, even national expansion is not far away.
The 121000 square feet, 9-megawatt data center is located in Santa Clara, California. The focus will be on providing data centers to large enterprises and hyperscalers.
The multi-tenant data centers market share is expected to rise further. Some of the key players are: Ascenty, AT&T, CentriLogic, China Telecom, CenturyLink, Cisco, IBM Corporation, Digital Realty, Equinix Inc., RACKSPACE, Datapipe, Digiplex, DuPont Fabros, Global Switch, Level 3 Communications, and NTT Communications Corporation.
The main players are taking every possible step to increase the multi-tenant data centers market size. They are venturing into partnerships with various asset management firms for entering into real estate sectors and various other sectors to increase the market of multi-tenant data centers.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 12.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Solution, Component, Application, Organisation Size, Industry, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| 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. |
| Customization | Available Upon Request |
The multi-tenant data centers market is projected to grow at a CAGR of 12.9% during the forecast period (2022 to 2032).
The multi-tenant data centers market has a valuation of USD 38968.9 million as on 2022.
The multi-tenant data centers market is expected to be valued USD 130716.6 million in 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 5.1. Public Cloud 5.2. Private Cloud 6. Global Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 6.1. IT and Telecom 6.2. Healthcare 6.3. Defence 6.4. Manufacturing 6.5. Retail 6.6. Media and Entertainment 6.7. Food and Beverages 6.8. Energy and Utility 6.9. Others 7. Global Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Multi-tenant Data Centers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Multi-tenant Data Centers Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. CenturyLink 15.2. Cisco 15.3. IBM Corporation 15.4. Digital Realty 15.5. Equinix 15.6. RACKSPACE 15.7. Global Switch 15.8. NTT Communications Corporation 15.9. AT&T 15.10. CentriLogic 15.11. Fujitsu 15.12. HCL 15.13. Verizon Enterprise 15.14. Zayo Group 15.15. DuPont Fabros 15.16. Expedient Data Centers 15.17. PCCW Global 15.18. Singtel 16. Assumptions & Acronyms Used 17. Research Methodology
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Multi-tenant Data Centers Market
