Data Center Colocation and Managed Hosting Services Market - Global Industry Analysis Forecast 2016 - 2023

As businesses are expanding their operations globally, the need for data storage solution is increasing at an extraordinary rate. The expenditure for setting up and maintaining a data center with perfect security, environmental and performance conditions is significantly high for any given small or medium sized organization. In addition, the energy consumption of data center is high and depends upon their size. Thus, companies also want to decrease their energy consumption in order to reduce their carbon footprint. Due to limited IT budget and increasing requirement of high operating bandwidth, companies are showing interest in outsourcing their in-house data center to third party service providers. With colocation of data center managed by hosting service provider, companies are able to focus on streamlining their business operation and revenue generation. A hosting service provider offers computing servers, storage space and power for companies apart from providing advanced networking facilities. A colocation facility managed by service provider and owned by a company can be termed as managed hosting service facility. These help to reduce spending on IT infrastructure and have ownership control over data. Companies also colocate their equipment with colocation service provider to avail the benefit of higher bandwidth in their operation.  

Full Report on Data Center Colocation and Managed Hosting Services is available at
http://www.transparencymarketresearch.com/data-center-colocation-managed-hosting-services-market.html

Colocation can be classified as wholesale and retail colocation services depending upon leasing of space by the customers. In wholesale colocation service, a company leases a whole colocated data center for operation. Whereas, in retail colocation service, a company only leases a limited part of space or rack within a colocated data center. As cloud-based services are increasingly becoming popular in IT businesses, colocation service...