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CHARLOTTE, N.C., April 7, 2021 /PRNewswire/ Flexential, a leading provider of data center, colocation, cloud and connectivity, today announced it has entered into a sale and leaseback transaction with Legacy Investing, LLC for the development of Flexential s Hillsboro 3 data center. The partnership will allow Flexential to continue to invest in its core data center operations while providing Legacy the opportunity to invest in and own the site, core and shell of the next Flexential flagship facility in Hillsboro.
The Hillsboro 3 data center will enhance Flexential s position as a leader in the growing Portland data center market, which has the second-highest growth rate in North America according to CBRE s North American Data Center Trends Report. The continued demand in this market has driven a significant need for data center space and services, and the Flexential and Legacy partnership will allow the parties to quickly deploy capital to
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ResearchAndMarkets.com s offering.
The market was valued at US$ 14.30 billion in 2019 and is projected to reach US$ 50.93 billion by 2027; it is expected to grow at a CAGR of 17.4% from 2020 to 2027.
US is a technologically advanced country with the presence of a large number of IT and telecommunication companies. Moreover, the country houses some of the dominant IT companies that have set up their datacentre in the US. Northern Virginia, Santa Clara, Northern New Jersey, Chicago, and Dallas are some of the US s largest datacentre metro areas.
US companies are continuously focusing on adapting to new technologies and are continually investing in new technologies to improve their business process and improve productivity. The companies focus on adopting software-defined data centers over legacy hardware data centers to improve the costs, scalability, efficiency, and availability.
Press release content from Business Wire. The AP news staff was not involved in its creation.
United States $50+ Billion Software Defined Data Center Market Forecast to 2027 - ResearchAndMarkets.com
January 25, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 25, 2021
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US is a technologically advanced country with the presence of a large number of IT and telecommunication companies. Moreover, the country houses some of the dominant IT companies that have set up their datacentre in the US. Northern Virginia, Santa Clara, Northern New Jersey, Chicago, and Dallas are some of the US’s largest datacentre metro areas.
US companies are continuously focusing on adapting to new technologies and are continually investing in new technologies to improve their business process and improve productivity. The companies’ focus on adopting software-defined data centers over legacy hardware data centers to improve the costs, scalability, efficiency, and availability.
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ResearchAndMarkets.com s offering.
US Data Center Colocation Market is expected to reach US$ 35.10 billion by 2027 from US$ 13.18 billion in 2019. The market is estimated to grow at a CAGR of 13.1% from 2020 to 2027.
The report provides trends prevailing in the US data center colocation market along with the drivers and restraints pertaining to the market growth. increasing enterprise demands for cost-effective solutions to reduce overall it cost and growing disaster recovery and business continuity requirements are the major factor driving the growth of the US data center colocation market. However, high initial and maintenance costs hinder the growth of US data center colocation market.