Dublin, March 20, 2024 (GLOBE NEWSWIRE) -- The "Colombia Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Colombia data center market is expected to reach a value of $890 million by 2029 from $560 million in 2023, growing at a CAGR of 8.03% from 2023-2029
This report analyses the Colombia data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.
In the Colombia data center market, Bogota is the major location for data center investments; the city is experiencing remarkable growth in construction due to the continuous expansion and development of data center facilities. Around 80% of the existing facilities operate in the capital city of Colombia, Bogota. In terms of upcoming data center investments, more than 85% of the investments are witnessed in Bogota, and the remaining investments are in Barranquilla.
According to the Ministry of Commerce, Colombia has 120 Free Trade Zones (FTZs), which include 42 multi-company zones and 78 unique single-company zones. Colombia promotes economic growth through Free Trade Zones (FTZs), accounting for fiscal benefits such as tax cuts during the first five years of operation and a 50% income tax break for new businesses. For instance, the Ruta N complex in Medellin is a booming hub for ICT enterprises and local innovations.
Colombia harnesses a rich mix of renewable energy, led by hydropower (constituting approximately 70% of its energy mix). The country, striving for a carbon-neutral future, aims to achieve net-zero greenhouse emissions in its electricity sector by 2050.
The Colombian government, in agriculture, education, healthcare, telecom, BFSI, and other public sectors, is adopting AI technology to enhance infrastructure, process monitoring, and automation. For instance, SoftBank unveiled e-kakashi, a pioneering AI technology that is improving Colombian agriculture with the help of IDB Lab's Smart Rice Farming project.
In Colombia, some government organizations and public and private entities have joined forces to overcome the labor shortage and improve personal skills. In November 2023, Amazon launched the AI Ready initiative, offering free generative AI training, scholarships, and collaborations with Code.org. The company's initiative will equip two million people globally with crucial skills in generative AI and cloud computing by 2025.
The Colombia data center market accounts for ODATA, Equinix, Cirion Technologies, GlobeNet, Gtd Colombia, Etix Everywhere, and HostDime data center facilities.
WHY SHOULD YOU BUY THIS RESEARCH?
- Market size regarding investment, area, power capacity, and Colombia colocation market revenue is available.
- An assessment of the data center investment in Colombia by colocation, hyperscale, and enterprise operators.
- Investments in the area (square feet) and power capacity (MW) across cities in the country.
- A detailed study of the existing Colombia data center market landscape, an in-depth market analysis, and insightful predictions about data center market size during the forecast period.
- The Colombia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
- A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the market.
- Provide a business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market.
- A transparent research methodology and the analysis of the demand and supply aspects of the market.
Snapshot of existing and upcoming third-party data center facilities in Colombia
- I. Facilities Covered (Existing): 20
- II. Facilities Identified (Upcoming): 10
- III. Coverage: 05+ Cities
- IV. Existing vs. Upcoming (Area)
- V. Existing vs. Upcoming (IT Load Capacity)
Data Center Colocation Market in the Colombia
- I. Market Revenue & Forecast (2023-2029)
- II. Retail Colocation Pricing
VENDOR LANDSCAPE
IT Infrastructure Providers
- Arista Networks
- Broadcom
- Cisco Systems
- Dell Technologies
- Hewlett Packard Enterprise
- Huawei Technologies
- IBM
- Juniper Networks
- Lenovo
- NetApp
- Oracle
- Pure Storage
Data Center Construction Contractors & Sub-Contractors
- AECOM
- Fluor Corporation
- ZFB Group
- Quark
Support Infrastructure Providers
- ABB
- Alfa Laval
- Armstrong Ceiling Solutions
- Assa Abloy
- Bosch Security and Safety Systems
- Caterpillar
- Cummins
- Delta Electronics
- Daikin Applied
- Eaton
- Honeywell International
- Generac Power Systems
- Johnson Controls
- Legrand
- Mitsubishi Electric
- Piller Power Systems
- Panduit
- Rittal
- Schneider Electric
- Stulz
- Siemens
- Vertiv
Data Center Investors
- Claro
- Cirion Technologies
- Etix Everywhere
- EdgeUno
- Equinix
- GlobeNet
- Gtd Colombia
- HostDime
- IPXON Networks
- KIO Networks
- ODATA (Aligned Data Centers)
New Entrants
- Ascenty
- DHAmericas
- EdgeConneX
- Scala Data Centers
EXISTING VS. UPCOMING DATA CENTERS
Existing Facilities in the Region (Area and Power Capacity)
- Bogota
- Other Cities
List of Upcoming Facilities in the Region (Area and Power Capacity)
For more information about this report visit https://www.researchandmarkets.com/r/udx31j
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