COUNTRY FOCUS : CANADA
Canada colocation market projected to reach US $ 14.36 billion
The Canadian colocation market is projected to reach US $ 14.36 billion in 2029 from an estimated value of US $ 7.832 billion in 2024 – at a CAGR of 12.89 %.
This projection is pitched a report from ResearchAndMarkets . com .
ICT development , investment in SME establishments and strategic policies to digitize the economy are identified in the report as major drivers of demand .
Moreover , a stable political environment followed by booming internet penetration , 5G subscriptions and investment in new data centers have accelerated the overall market expansion as Canada ’ s rapid industrial productivity and growth in corporate establishments garners a massive amount of data that needs to be safely stored . footprint by adding more than 37,000 square feet of colocation storage space .
The report says rapid urbanization and investments in high-speed bandwidth networks have increased the overall data traffic volume in Canada .
Moreover , with the growing internet penetration coupled with a boom in 5G adoption , the data traffic is expected to grow at a significant rate – further stimulating the demand for colocation data centers .
Small Enterprise is expected to account for a considerable market share – attributable to the high strength of SMEs in the nation .
Key developments referred to in the report include :
Investment in data center facilities is also expected to increase providing new growth prospects for colocation services .
The report references KDDI Canada ’ s establishment of three sustainably powered data centers in Toronto providing dedicated colocation services to enterprises .
Likewise , in April 2023 , Equinix announced to establishment state-of-the-art IBX data center in Montreal – expanding the company ’ s Canadian
• Colocation service provider Telehouse launching Telehouse Canada which aimed to provide Canadian businesses with improved connectivity services and IT infrastructure and will meet the growing colocation service demand across various sectors in Canada .
• Transaction Network Services ( TNS ) deploying its network infrastructure services inclusive of colocation services as well to major financial markets in Canada . The Canadian deployment came as a part of TNS ’ s global expansion plant . the partner lens , we ’ re unlocking new opportunities to deliver additional value through our integrations and ecosystem alliances .
Are further such announcements expected ?
Many of our partners are expanding their vertical focus and others are locking arms with other partners in a 1 + 1 = 3 scenario to deliver world class outcomes across verticals . p
At this time , we ’ re incredibly excited and focused on our current alliances .
What work is Genesys doing to co-ordinate engagement and skill share between the partners – in terms of high-level perspectives on their verticals ?
We ’ re leading regular enablement and training sessions to ensure all our partners are prepared to deliver a successful Genesys Cloud solution .
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