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Equinix Inc., Digital Realty and Eaton Corporation hold a dominant market share of 25% in the multi-tenant data center industry. These companies strategically enhanced their market presence in the multi-tenant data center industry through innovative product development, strategic partnerships, and responsive customer support. These companies strategically expanded their market foothold through innovative solutions and strategic partnerships. Leveraging cutting-edge technology and customer-centric approaches, they enhanced service reliability and scalability. Collaborations with key industry players further solidified their market position, allowing them to meet the growing demands of businesses seeking robust and efficient data center solutions.
Equinix focuses on strategic partnerships, global expansions, and technological innovation. The company forms partnerships with cloud service providers, enhancing its ecosystem and attracting more businesses. Eaton Corporation invests in innovative power management solutions catering to the evolving needs of data centers.
Major companies operating in the multi-tenant data center industry are:
The solution component segment recorded around 68% of the market share of in 2023, due to the need to address diverse IT infrastructure needs such as managed hosting, storage, networking, and virtualization solutions.
The market size of multi-tenant data center reached USD 35.7 billion in 2023 and is set to expand at 11.1 % CAGR from 2024 to 2032, owing to the rising innovations in cloud computing, edge computing, and data storage technologies.
CenturyLink Inc., Digital Realty, Eaton Corporation, Equinix Inc., Global Switch Ltd., IBM Corporation, Iron Mountain, NTT Communications Corporation, Rackspace Inc., Telstra International are some of the major multi-tenant data center companies worldwide.
North America accounted for 38% of the market share in 2023, attributed to the proactive adoption of state-of-the-art facilities, coupled with the burgeoning demand for secure and scalable data solutions across the region.