Report: 15% Growth Forecast For North America Colocation Market In 2014
Almost a quarter of all data center footprint in the North America region is now outsourced.
A new report released by DCD Intelligence identifies that almost a quarter of all data center footprint in the North America region is now outsourced. Covering the U.S. and Canada, the North America Data Center Key Trends Report 2013-2014 estimates that the current amount invested in data center outsourcing & colocation has increased by 13% over the past 12 months and is now in the region of $8.8 bn. A further increase of 15% is predicted by the end of 2014.
According to Nicola Hayes, managing director of DCD Intelligence, growth in the use of colocation across the region is being fuelled by the increase in IT capacity requirements as well as reduced budgets and the need to access new technologies. Hayes states, “The sectors that are the highest users of colocation services are currently public administration, IT services and financial services but we are witnessing an increase in the uptake of outsourced data center solutions across all industry verticals, this demand is fuelling further growth in the colocation sector in terms of build and this section of the market is expected to continue to show healthy growth through 2014.”
The region is home to the largest data center market globally and now accounts for approximately 10million sqm of data center white space, a small increase of 3.5% over the previous year. Growth in white space is expected to continue at a similar pace through to 2016 with a large part of this growth being fuelled by new colocation facility build.
The North American data center market power consumption currently stands at 11.55GW, an increase of 6.8% over the previous year. Due to an increased focus on energy management and increases in monitoring and efficiency practices, power consumption forecasts through to 2016 have been downgraded from last year’s projections of 8% year on year growth to 6% representing a saving of 1 GW by 2016.
North America Key Trends 2013-2014
The North America Key Trends report examines the U.S. and Canada and gives data and insight into growth and trends in space, power, new technologies and investment. Containing data on a regional, country and industry vertical level and containing forecasts on key metrics, the report offers a thorough examination of the North American data center market.