Dublin, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The "Multi-Tenant Data Centers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Multi-Tenant Data Centers was estimated at US$42.7 Billion in 2023 and is projected to reach US$91.0 Billion by 2030, growing at a CAGR of 11.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the multi-tenant data centers market is driven by several factors, including the increasing adoption of cloud computing services, the expansion of digital economies, and the need for scalable and cost-effective IT infrastructure. One key driver is the growing demand for hybrid cloud solutions that require a reliable and secure physical backbone, which MTDCs provide. The rise of data-intensive technologies such as IoT, AI, and big data analytics has also led to an increased need for facilities capable of handling large volumes of data, pushing more organizations to adopt MTDC solutions.
Additionally, the emphasis on sustainability and green practices in data center operations has attracted enterprises that prioritize environmentally conscious partnerships. The proliferation of 5G technology and the resulting need for edge computing capabilities have further boosted the market, as MTDCs help reduce latency by providing strategically located data processing points. Lastly, regulatory requirements for data localization in various regions have pushed companies to leverage MTDCs to maintain compliance without the heavy investments needed for building standalone facilities.
Why Are Multi-Tenant Data Centers Becoming the Go-To Solution for Businesses?
Multi-tenant data centers (MTDCs) have become an essential part of the global digital infrastructure, providing a shared space for multiple organizations to house their data and IT assets. The rise of cloud computing and the rapid increase in data generation have created a strong demand for scalable and cost-effective data management solutions, driving the growth of MTDCs.
These centers allow companies to benefit from the latest data storage technology without the burden of high upfront capital expenditure and maintenance costs. MTDCs offer better flexibility, enhanced security features, and customizable options to meet individual business needs, making them a preferred choice over traditional on-premises data centers. Furthermore, the increased reliance on IT services across industries such as finance, healthcare, and e-commerce means that MTDCs offer a solution that can effectively support these sectors' digital transformation needs.
How Is Cloud Adoption Revolutionizing the MTDC Landscape?
The cloud adoption trend is reshaping the MTDC market as enterprises seek hybrid cloud solutions that combine the benefits of public and private clouds with on-premises systems. MTDCs play a crucial role in this integration by providing a middle-ground that facilitates workload portability and seamless connectivity between different environments.
This trend has spurred demand for MTDC services, especially from businesses focusing on disaster recovery and business continuity solutions. The colocation model offered by MTDCs enables companies to access a high-performance, low-latency network infrastructure without the complexity of managing their own data centers. In addition, the rise of IoT (Internet of Things) devices has contributed to data volume growth, pushing the need for more data center space and capacity. MTDCs are thus at the forefront, providing the infrastructure needed to handle the immense data generated from interconnected smart devices.
What Role Does Sustainability Play in Shaping the Future of MTDCs?
Sustainability is increasingly becoming a focal point in the development of MTDCs. Data centers are known to consume vast amounts of energy, prompting significant environmental concerns. As a result, operators of MTDCs are investing heavily in renewable energy sources, energy-efficient cooling solutions, and green building designs to reduce their carbon footprints. This focus on sustainability has not only improved the operational efficiency of data centers but has also become a critical factor for enterprises when choosing a data center partner.
The trend toward carbon-neutral operations is motivated by both regulatory pressures and a growing preference among customers for eco-friendly IT solutions. To meet this demand, MTDC providers are integrating technologies like liquid cooling, waste heat recycling, and even partnerships with utility companies to ensure their operations contribute less to greenhouse gas emissions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Retail Colocation segment, which is expected to reach US$60.4 Billion by 2030 with a CAGR of a 12.7%. The Wholesale Colocation segment is also set to grow at 9.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $11.6 Billion in 2023, and China, forecasted to grow at an impressive 15.7% CAGR to reach $19.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Multi-Tenant Data Centers market such as Ascenty, CentriLogic, Inc., China Telecom (Americas) Corp., China Telecommunications Corporation, Cisco Systems, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $42.7 Billion |
| Forecasted Market Value (USD) by 2030 | $91 Billion |
| Compound Annual Growth Rate | 11.4% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Multi-Tenant Data Centers - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for Scalable IT Infrastructure Drives Multi-Tenant Data Center Growth
- Increased Cloud Adoption Across Enterprises Boosting Data Center Demand
- Expansion of Colocation Services Fueling Market Expansion
- Growth in Edge Computing Requirements Supporting Multi-Tenant Data Centers
- Surge in Big Data and Analytics Necessitating Larger Data Storage Solutions
- Increased Demand for Energy Efficiency Encouraging Green Data Center Technologies
- Rise in 5G Deployment Expanding Market for Multi-Tenant Facilities
- Shift Towards Hybrid Cloud Models Creating Opportunities for Multi-Tenant Data Centers
- Growing Concerns Around Data Security Promoting Use of Certified Facilities
- Expansion of IT Startups and SMEs Driving Adoption of Cost-Effective Data Solutions
FOCUS ON SELECT PLAYERS:Some of the 37 companies featured in this Multi-Tenant Data Centers market report include
- Ascenty
- CentriLogic, Inc.
- China Telecom (Americas) Corp.
- China Telecommunications Corporation
- Cisco Systems, Inc.
- CoreSite Realty Corporation
- Critical Power Products & Services, LLC
- CyrusOne LLC
- Digital Realty Trust, Inc.
- Equinix, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/6zdxgc
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
