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The APAC data center colocation market by investment is expected to grow at a CAGR of over 5% during the period 2020-2026.
The demand for colocation has increased due to the COVID-19 pandemic. Increased access to internet-related services aided by nationwide lockdowns imposed by governments across APAC has driven service providers to increase their colocation spaces. Organizations in IT services, BFSI, hospitals, and education sectors have initiated remote working for employees.
Government agencies adopted cloud-based services where the confidential data of the state is stored securely. Moreover, the dependence of the education sector on the online teaching model has increased the demand for colocation services. The need for video-conferencing platforms such as Zoom, Webex, and Google Meet has experienced a steep rise.
The APAC data center colocation market by investment is expected to grow at a CAGR of over 5% during the period 2020–2026 – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.