(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The "Retail Colocation - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Retail Colocation was estimated at US$33.2 Billion in 2023 and is projected to reach US$77.4 Billion by 2030, growing at a CAGR of 12.8% from 2023 to 2030.
Retail colocation is an attractive option for retailers looking to expand their IT capabilities without the capital expense and operational complexities of building and managing their own data centers. By leveraging retail colocation services, retailers can ensure high availability, scalability, and security for their digital operations, including e-commerce platforms, point-of-sale systems, and customer data management.
How Are Technological Advancements Enhancing Retail Colocation Services?
Technological advancements have significantly enhanced retail colocation services, making them more scalable, secure, and efficient. The development of advanced cooling and power management technologies has improved the energy efficiency of data centers, reducing operational costs for retailers and minimizing their environmental impact. The integration of software-defined networking (SDN) and network function virtualization (NFV) has enabled more flexible and agile network configurations, allowing retailers to quickly adapt to changing business needs and optimize their IT resources. Advances in data center security, including biometric access controls and advanced encryption technologies, have strengthened the protection of sensitive customer and transaction data, ensuring compliance with industry regulations.
Additionally, the rise of cloud connectivity within colocation facilities has provided retailers with seamless access to public and private cloud services, enabling hybrid IT architectures that combine the benefits of on-premises and cloud-based solutions. These technological advancements are driving the adoption of retail colocation services, helping retailers enhance their IT infrastructure and support their digital transformation initiatives.
What Are the Key Applications and Benefits of Retail Colocation?
Retail colocation is used by a wide range of retailers to support their digital operations, offering numerous benefits that enhance IT infrastructure, security, and scalability. E-commerce retailers rely on colocation services to ensure the availability and performance of their online platforms, even during peak shopping periods, by providing the necessary computing power and network connectivity. Brick-and-mortar retailers use colocation to manage their point-of-sale systems and customer data securely, ensuring seamless transactions and protecting sensitive information. The retail industry also uses colocation to support data analytics and customer relationship management (CRM) systems, enabling more personalized marketing and improved customer experiences.
The primary benefits of retail colocation include increased IT flexibility, improved security and compliance, reduced capital expenditures, and the ability to scale IT resources in response to business growth. By leveraging colocation services, retailers can focus on their core business operations while ensuring that their IT infrastructure is robust, reliable, and capable of supporting their digital initiatives.
What Factors Are Driving the Growth in the Retail Colocation Market?
The growth in the retail colocation market is driven by several factors. The increasing demand for digital and e-commerce platforms is a significant driver, as retailers require scalable and reliable IT infrastructure to support their online operations. Technological advancements in data center infrastructure and connectivity are also propelling market growth, as these innovations enhance the efficiency and capabilities of colocation services. The rising focus on data security and compliance, particularly in the wake of increasing cyber threats and stringent data protection regulations, is further boosting demand for secure colocation solutions.
Additionally, the expansion of global retail markets and the growing complexity of retail IT environments are contributing to market growth, as retailers seek flexible and cost-effective solutions to manage their IT infrastructure. The increasing adoption of hybrid IT architectures and the need for seamless integration between on-premises and cloud-based systems are also supporting the growth of the retail colocation market. These factors, combined with continuous innovation in data center technology and services, are driving the sustained growth of the retail colocation market.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Retail Colocation for SMEs segment, which is expected to reach US$51.2 Billion by 2030 with a CAGR of a 13.3%. The Retail Colocation for Large Enterprises segment is also set to grow at 12.0% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, which was estimated at $9.1 Billion in 2023, and China, forecasted to grow at an impressive 17.3% CAGR to reach $17.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
How is the Global Retail Colocation Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects?
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players in the Retail Colocation market such as AT&T, CoreSite Realty, China Telecom, China Unicom, CyrusOne, Cogent Communications, Digital Realty Trust, Equinix, Global Switch, NTT Communications, PhoenixNAP, Rackspace Technology, TERAGO Networks, Yotta Data Services, Rahi Systems and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 282 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $33.2 Billion |
| Forecasted Market Value (USD) by 2030 | $77.4 Billion |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
World Market Trajectories Global Economic Update Retail Colocation - Global Key Competitors Percentage Market Share in 2024 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
Rising Demand for Data Center Services in Retail Propels Market Growth Increasing Use in E-Commerce, Omnichannel, and Digital Retail Expands Addressable Market Opportunity Technological Advancements in Connectivity and Network Infrastructure Strengthen Market Position Growing Focus on Enhancing Customer Experience and Data Security Drives Adoption of Retail Colocation Surge in Demand for Scalable and Flexible IT Infrastructure Generates New Opportunities Development of Edge Computing and Hybrid Cloud Solutions Sustains Market Growth Expanding Applications in Retail Analytics, Personalization, and Supply Chain Management Throws Spotlight on Market Potential Growth in Data-Driven Retail Strategies and Real-Time Inventory Management Spurs Demand for Colocation Services Rising Adoption of Colocation Services in Small and Medium-Sized Retailers Propels Market Expansion Surge in Demand for Disaster Recovery and Business Continuity Solutions Expands Market Horizons Growing Awareness of the Benefits of Colocation in Reducing IT Costs and Enhancing Scalability Drives Market Adoption Innovations in AI-Driven and Automated Data Center Operations Generate New Market Opportunities
FOCUS ON SELECT PLAYERS (Total 42 Featured):
AT&T Inc. CoreSite Realty Corp. China Telecom Global Limited China Unicom Global Limited CyrusOne Cogent Communications Digital Realty Trust Inc. Equinix Inc. Global Switch Ltd. NTT Communications Corporation PhoenixNAP Rackspace Technology, Inc. TERAGO Networks Inc. Yotta Data Services Private Limited Rahi Systems Pvt. Ltd.
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