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The global multi-tenant data center market is expected to witness strong growth during the forecast period between 2021 and 2031.
Multi-talent data centers have helped several clients by deploying a solitary instance of a software application.
Multi-tenant data centers have witnessed increased demand in the last few years as it offers numerous advantages such as reduced capital investments and operational costs.
The demand has been witnessed from both cloud enterprises and providers. These facilities are also called colocation data centers.
Rising focus by leading global enterprises on operational expansion is the key growth driver for the multi-tenant data center market.
Also, increasing internet traffic worldwide is expected to fuel the demand for multi-tenant data centers, globally.
In addition to this, growing demand for data centers in different IT services is anticipated to fuel the growth in the overall market, in the upcoming years.
Government initiatives and measures such as providing funding for leading market players to develop data centers could also bolster the global market, in future
Other features such as faster response and deployment and reduced operational costs are expected to propel the multi-tenant data center demand, in the years ahead.
Healthcare end-use industry is anticipated to make the largest contribution to the overall market in the years ahead due to increasing need to maintain electronic records, laboratory systems, and health monitoring of patients.
The software-defined type of data centers is expected to contribute the most to the overall market due to increased deployment in the IT industry, globally.
The global multi-tenant data center market is extremely competitive, with the presence of several well-established players. Many of these players are anticipated to account for a large share in the global market, in future.
Growth strategies such as novel product launches could help prominent players gain a competitive edge over the other players.
R&D undertakings could be a key growth strategy for the prominent market players, in the upcoming years.
Well-established market players could collaborate with the smaller players in the years ahead in a bid to expand their market presence and increase their revenue shares.
A few leading players in the global market include NTT Communications, Equinix, CenturyLink, Digital Realty and Ascent, Global Switch, and Rackspace.
In 2019, IBM collaborated with Digital Realty and Ascent and integrated dedicated private access services into their cloud facility, which improved their connectivity portfolio.
The global multi-tenant data center market is divided into five regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Asia Pacific is expected to be the dominant region in the global multi-tenant data center market due to increased outsourcing of hosting services in countries such as India and Thailand, contributing to market growth in the region.
With the growing number of IT companies in countries such as India, the number of multi-tenant data centers is expected to rise, thereby fueling the growth in the overall market.
Leading players could establish R&D centers in countries such as India owing to ease of availability of key resources such as land and labor.
North America is expected to offer profitable growth opportunities for the global market due to increasing demand for managed and colocation services in countries such as US and Canada.
Europe is expected to witness strong growth in the overall market, in the upcoming years owing to rising business and IT needs in countries such as UK and Germany.
Other regions of the world such as Latin America and Middle East and Africa are expected to witness moderate growth, in the upcoming years, owing to a fewer number of well-established players in countries, belonging to both regions.
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Multi-tenant Data Center Market
