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Cloud computing is playing a pivotal role in propelling this market forward. Businesses, regardless of their size, are increasingly embracing cloud solutions to enhance IT cost-efficiency and bolster IT flexibility and scalability.
Multi-tenant data centers are particularly well-suited for cloud computing providers, as they can furnish the essential resources and infrastructure required to support diverse cloud workloads effectively.
The demand for big data analytics is emerging as another major driver of the multi-tenant data center infrastructure market. Businesses are progressively turning to big data analytics to extract valuable insights from their data, facilitating more informed decision-making. Multi-tenant data centers are well-positioned to provide the high-performance computing resources essential for running robust big data analytics applications.
The pervasive growth of mobile devices and the Internet of Things (IoT) is further contributing to the expansion of the multi-tenant data center infrastructure market. These devices are generating copious amounts of data, necessitating efficient storage and processing capabilities. Multi-tenant data centers offer businesses the requisite capacity and scalability to manage and analyze this data effectively.
Multi-tenant data center operators are continually expanding their infrastructure by constructing new facilities and integrating cutting-edge technologies to enhance the scalability and flexibility of their existing data centers. Customer needs are a central focus, with providers actively engaging with clients to develop tailored solutions.
Efforts to reduce the overall cost of constructing and operating data centers are underway. Pricing models are also being refined to promote fairness and transparency, benefiting both providers and their customers.
The global multi-tenant data center infrastructure market size was valued at USD xx9 million in 2023 and is projected to reach USD xx million by 2030, registering a CAGR of xx% during the forecast period.
Equinix, Inc., the world’s digital infrastructure company, recently announced plans to expand its data center capacity in Europe by 100 MW in 2023. This expansion will be driven by the increasing demand for cloud computing, big data analytics, and AI/ML services in Europe.
Digital Realty, a leading global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, recently announced plans to build a new data center in India. The new data center will be located in Mumbai and is expected to be operational in 2024.
Switch, a leading global provider of hyperscale data center solutions, recently announced plans to build a new data center campus in Nevada. The new data center campus is expected to be operational in 2025 and will have a capacity of 10 million square feet.
NTT Global Data Centers, a leading global provider of data center solutions, recently announced plans to expand its data center capacity in Japan by 100 MW in 2023. This expansion will be driven by the increasing demand for cloud computing and big data analytics services in Japan.
Hyperscale data centers are large-scale data centers that are designed to support the needs of large enterprises and cloud computing providers. Hyperscale data centers are becoming increasingly popular, as they offer a number of advantages, such as economies of scale, energy efficiency, and scalability.
Edge computing is a distributed computing paradigm that brings computation and data storage closer to the sources of data. Edge computing is becoming increasingly popular, as it can help to improve performance, reduce latency, and save bandwidth. Multi-tenant data center operators are investing in edge computing solutions to meet the needs of their customers.
Liquid cooling is a more efficient way to cool data center equipment than traditional air cooling. Liquid cooling is becoming increasingly popular, as it can help to reduce data center energy consumption and costs.
Virtualization and containerization technologies can help to improve data center utilization and efficiency. Multi-tenant data center operators are increasingly adopting these technologies to meet the needs of their customers.
DCaaS is a cloud-based service that provides businesses with access to data center resources. DCaaS is becoming increasingly popular, as it allows businesses to scale their data center resources up or down as needed without having to invest in their own hardware and software.
Equinix, Inc., the world’s digital infrastructure company, has launched its new hyperscale data center in Singapore, SG5. SG5 is Equinix’s fifth data center in Singapore and its second greenfield facility. It is a highly scalable and sustainable data center that offers a wide range of services to meet the needs of businesses of all sizes
CyrusOne Launches New Data Center Campus in Texas, a leading global provider of data center and interconnection solutions, has launched its new data center campus in Austin, Texas. The Austin data center campus is CyrusOne’s largest campus to date and offers a wide range of services to meet the needs of businesses of all sizes.
