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The global data centre outsourcing industry is supported by the growing global co-location market. The growth of the co-location industry can be attributed to the growing demand to reduce IT infrastructure expenditure, enhance security services, and the rising need for more space to support data centres. North America and Europe are the mature markets for data centre outsourcing industry, while the Asia Pacific and Latin America are the emerging markets for the product. The industry in North America is being driven by the availability of advanced technological resources in the region. In the Asia Pacific, the growing adoption of cloud-based technology, with the rising consumer awareness and the growing urbanisation, are supporting the industry in the region.
With the rising cases of data theft, and the increasing rate of cybercrimes, the demand to secure data has increased, leading manufacturers to adopt enhanced services. In November 2020, Equinix, Inc. (NASDAQ: EQIX), a key player in the market, announced that Zoom Video Communications, Inc. will adopt Platform Equinix® to achieve consistency, scalability, and security, and expand its globally distributed footprint, supporting its worldwide growth objectives. Earlier in November, the company announced that it had achieved Binding Corporate Rules (BCRs) compliance for safeguarding personal data transfers from Europe, becoming the first company to have its BCRs approved by the European Data Protection Board (EDPB) under the new GDPR regime, thus, expanding its market. Such developments are expected to aid the growth of the global data centre outsourcing industry over the forecast period.
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The major players in the global data centre outsourcing market are Equinix, Inc., RACKSPACE US, INC., IBM Corporation, Fidelity National Information Services, Inc, CenturyLink, and NTT Communications Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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