Australia is about to account for 9 per cent of colocation providers income within the Asia Pacific area by 2024, with the region-wide market forecast to achieve US$9.7 billion in whole.
That is in accordance with analysis agency GlobalData, which claimed that the slated success within the colocation providers market stems from rising demand for knowledge centres for social media platforms, international cloud suppliers, media content material and video streaming, e-commerce platforms and banking providers.
Driving this development, the analysis agency stated, is the rising use of social media, penetration of smartphones, a rising web inhabitants, the adoption of hybrid and public cloud providers and the necessity for enterprises emigrate from a server room setting to knowledge centres.
“Digital enterprise continues to redefine the interplay relationships between the service suppliers and end-users with the engaged entities transacting both consistently or sporadically. Components like digital improvements and technological developments are augmenting the expansion of information in numerous industries, stated Sunil Jumar Verma, lead ICT analyst at GlobalData.
“The rising demand for storing large volumes of information, coupled with enhancing effectivity throughout enterprise operations, offers development alternatives to colocation service suppliers.”
“Digital transformation initiatives throughout the enterprises are sure to create demand for brand new IT infrastructure. Moreover, technical necessities to assist most workload flexibility for provisioning extra IT infrastructure throughout peak interval would additional add to the rising demand for colocation providers in future.”
Australia’s colocation providers income market share by 2024 is predicted to be the third largest within the area, trailing behind Japan with 21.3 per cent and China with 37.4 per cent.
Examples of the extent of colocation providers funding within the prime two international locations throughout the final 12 months by the analysis agency embrace Equinix’s three way partnership with Singapore investor GIC for the development and operation of hyper-scale knowledge centres in a mission valued at over US$1 billion, in addition to China’s Alibaba Cloud spending ¥200 billion on its knowledge centre infrastructure.
Rounding out the highest 5 was India in fourth place with a predicted 2024 market share of 6.1 per cent, after which South Korea with 5.8 per cent.
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