Outlook on the multi-tenant data center global market to 2026

The “Multi-Tenant Data Center Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The multi-tenant data center market is expected to register a CAGR of 11.36% during the forecast period (2021 – 2026).

Business processes are expanding rapidly, and due to this, there is a surge in demand for data centers resulting in the evolvement of multi-tenant data centers. Multi-tenant data centers cater to multiple clients with a single instance of a software application, with clients having a shared affinity at some level. Demand for multi-tenant data centers is from both cloud providers and enterprises. Multi-tenant data centers allow enterprises to serve clients and end users better.

Companies Mentioned

• CenturyLink Inc.
• Equinix Inc.
• Global Switch Ltd.
• NTT Communications Corporation
• Rackspace Inc.
• Internap Corporation
• Ascenty S.A.
• CentriLogic Inc.
• AT&T Inc.
• IBM Corporation

Key Market Trends

Healthcare Expected to Hold Significant Growth

• The healthcare industry is one of the most diverse and demanding industries. The industry has become heavily dependent on a computing and communications foundation. The healthcare infrastructure handles patients’ electronic records, health monitoring, and laboratory systems, plus regular business operations.
• Increasing regulations on data acquisition and records, especially the ones related to clinical trials, are drawing several healthcare clients toward datacenters.
• There are several government initiatives taken up globally, which will further boost the colocation market. For instance, in China, the country’s government has pledged to create an industrial scale of medical services by 2020. The rising generation of data in the healthcare sector is driving the requirement of data centers.

Asia-Pacific Expected to Hold Significant Growth

• Multi-tenant data center market is expected to have significant growth in the Asia-Pacific region due to large scale outsourcing of managed hosting services in this region.
• China has witnessed a rise in its hyper-scale platforms, owing to which providing data center services for Chinese hyper-scale platforms have become necessary.
• The high density of colocation is present in Japan, owing to such a generation of data. For instance, Digital Realty has launched its first data center in Japan, named ‘Digital Osaka 1’, indicating increased investment in the region.
• Singapore is considered as one of the largest shipping ports in the world as it ensures connectivity. The government of Singapore is driving prosperity through economic development and innovation; thereby, Singapore continues to attract significant investments from the technology industry.
• India is one of the fastest-growing economies in the world, and it is likely to boost the growth of public cloud-based data centers. The IT industry dominates the Indian market, as the largest private sector employer in the country, where data centers are widely used, thereby, propelling the market growth.

Business Wire