Multi-Tenant Data Center Market Trends, Scope, Demand, Opportunity and Forecast by 2027

According to the new market research report by IMARC Group, the global multi-tenant data center market size reached US$ 31.2 Billion in 2021. Looking forward, the market expected to reach US$ 48.4 Billion by 2027, exhibiting a CAGR of 7.49% during 2022-2027.

A service that provides support for several clients using a single software application is known as a multi-tenant data centre (MTDC). It enables multiple organizations to rent physical space for hosting their data, along with network bandwidth and other data center resources simultaneously. Also known as a colocation data center, it is operated by a third party that provides service at minimal costs by reducing the capital expenditures in data centers. Widely available in two formats, namely retail and wholesale colocation, its usage offers quick responses in competitive business processes while overcoming the challenge of hiring skilled employees for the same.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the key players being AT&T Inc., CentriLogic Inc., CenturyLink Inc., Digital Realty Trust, Inc., Equinix Inc., Fujitsu Limited (Furukawa Group), Global Switch Limited, HCL Technologies Limited, IBM, Internap Corporation, NTT Communications Corporation (Nippon Telegraph and Telephone Corporation) and Rackspace Technology Inc.

Multi-Tenant Data Center Market Trends/ Drivers, restraints, and opportunities-

Significant advancements in data centre facilities around the world are the main factors driving the industry. The rising focus of enterprises on operational and business expansion activities on the global level has contributed to the growing demand for efficient data centers. This, in turn, has contributed to the escalating adoption of MTDCs by various organizations, thereby providing a thrust to the market growth.

The market is further driven by the considerable increase in internet traffic and the utilization of software-defined data centers (SDDCs). Moreover, the growing applications of MTDCs in the healthcare sector is acting as another major growth-inducing factor. The industry is heavily dependent on cloud computing for managing electronic records of patient’s health and various other laboratory operations, which is facilitating the uptake of MTDCs.

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The report has segmented the market on the basis of Solution Type, Application, Organization Size, End User and Region.

On the basis of Solution Type, the market includes:

• Retail Colocation
• Wholesale Colocation

On the basis of Application, the market includes:

• Public Cloud
• Private Cloud

On the basis of Organization Size, the market includes:

• Small and Medium Enterprises
• Large Enterprises

On the basis of  End Use Industry, the market includes:

• IT and Telecom
• BFSI
• Healthcare
• Government and Defense
• Manufacturing
• Retail
• Others

On the basis of  Region, the market includes:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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