The "Canada Colocation Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering. The Canada colocation market is projected to reach US$14.36 billion in 2029 fro...
Autore: Business Wire
DUBLIN: The "Canada Colocation Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering.
The Canada colocation market is projected to reach US$14.36 billion in 2029 from estimated value of US$7.832 billion in 2024, at a CAGR of 12.89%.
ICT development, investment in SME establishments, followed by strategic policies to digitize the economy are majorly driving the demand for modern technical infrastructure in Canada for managing and processing data generated.
Colocation facilities cater to such requirements owing to which they hold a wider scope in the country. Moreover, a stable political environment followed by booming internet penetration, 5G subscriptions, and investments in new data center establishments has further led to an upward market trajectory.
Market Drivers:
Investments in new data centers have accelerated the overall market expansion
Canada is witnessing rapid industrial productivity and growth in corporate establishments which has garnered a massive amount of data that needs to be safely stored so that it can be analyzed from time to time. Colocation data centers employ cutting-edge equipment that complies with data privacy standards and can easily manage data complexities.
Hence with the growing corporate culture, the investment in data center facilities is also expected to increase thereby providing new growth prospects for colocation services in Canada. For instance, in June 2023, KDDI Canada Inc. established three sustainably powered data centers in Toronto that would provide dedicated colocation services to enterprises. Likewise, in April 2023, Equinix Inc. announced to establishment state-of-the-art IBX data center in Montreal which would expand the company's Canadian footprint by adding more than 37,000 square feet of colocation storage space.
Growing data traffic accelerated the market growth
Colocation data centers provide on-demand scalability and enhance data security by dispersing the data across multiple hybrid touchpoints. Rapid urbanization and investments in high-speed bandwidth networks have increased the overall data traffic volume in Canada. According to the Canadian Radio-Television and Telecommunication Commission, the average per month downloads and upload traffic in Canada has gone up from 2.53Gbps in 2019 to 7.5Gbps in 2023.
Moreover, with the growing internet penetration coupled with a boom in 5G adoption, the data traffic is expected to grow at a significant rate in the coming years which will further stimulate the demand for colocation data centers. According to the GSM Association research study, in 2022, 5G accounted for 18% of the internet subscriber penetration, and by 2030 the subscription is anticipated to reach up to 95%.
Small Enterprise is expected to account for a considerable market share
The Canada colocation market, by enterprise size, is analyzed into small, medium, and large, where small enterprise is projected to hold a considerable market share which is attributable to the high strength of SMEs in the nation.
As per Innovation, Science, and Economic Development Canada, as of December 2022, the number of employer businesses in Canada stood at 1.22 million and small enterprises accounted for 97.8% of the total strength followed by medium and large enterprises with 1.9% and 0.3%. Moreover, the same sources stated that small firms accounted for 46.8% of total employment in the private sector followed by large firms with 36%.
Key Developments:
Market Segmentation:
By Colocation Model
By Enterprise Size
By Industry Vertical
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $7.83 Billion |
| Forecasted Market Value (USD) by 2029 | $14.36 Billion |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Canada |
Key Topics Covered:
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. CANADA COLOCATION MARKET BY COLOCATION MODEL
5.1. Introduction
5.2. Retail Colocation
5.3. Wholesale Colocation
6. CANADA COLOCATION MARKET BY ENTERPRISE SIZE
6.1. Introduction
6.2. Small
6.3. Medium
6.4. Large
7. CANADA COLOCATION MARKET BY INDUSTRY VERTICAL
7.1. Introduction
7.2. BFSI
7.3. Manufacturing
7.4. Communication and Technology
7.5. Healthcare
7.6. Energy
7.7. Education
7.8. Government
7.9. Media and Entertainment
7.10. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/cepuxw
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Fonte: Business Wire