Canada data center market size will surpass $3.5 billion in next 5 years

Must Read
Sienna Rowley
Sienna Rowley
Sienna is an editor at Cloud Host News. She is an internet enthusiast, always eager to explore the latest trend in the tech space. She is a modest family woman who loves traveling in her free time.

As per the 2020-2025 report of Canada Data Center Market- Investment Analysis and Growth Opportunities Canada data center market size will surpass $3.5 billion, rising at a CAGR Of Above 3% while in the period 2020-2025.

Private Clouds are Famous

Bell Canada (Equinix), Compass Data Centers, Cologix, Digital RealtyeStruxture Data Centers, and Urbacon Data Centre Solutions are few of the leading investors in the Canada data center market. The IoT spending in Canada is anticipated to reach about $20 billion by 2025, with the spending assumed to reach $8 billion in 2025. BFSI and ITeS are expected to dominate cloud spending in Canada.

Bell, Quebecor, and Rogers Communication are few of the significant players in the telecom industry in the country. Rogers Communication is preparing to invest about $3 billion for 5G investment in 2020. In May 2020 Equinix procured Bell Canada data centers, furthermore, Compass Data Centers acquired Root Datacenters in July 2019. Private clouds are common in industries related to government and financial services. The cloud computing market is anticipated to develop a CAGR of above 20% in the period of 2019-2025.

While Canada presently hosts across 150 data center facilities, Toronto is the principal market with about 50 data centers, accompanied by Montreal with across 30 data centers and Vancouver with across 20 data centers.

Key Highlights of the Report

  • The cloud server market is expected to expand by the adoption of cloud-based services.
  • By adopting NVMe Flash devices, it is assumed to have a notable impact on the market.
  • The maximum of the facilities has installed generators with over 2 MW in N+1 redundant configuration.
  • The market is to observe a growth in the plan of facilities that help in supplying waste heat, where the waste heat from data center cooling units will be provided homes or commercial buildings in the nearby community for heating purposes while in winter seasons.

For more Cloud News, subscribe to our newsletter for the latest update from network & internet industries.

- Advertisement -spot_img
Latest News

Elementary OS 7 Now Available to Download

Elementary OS 7 named Horus is now available to download. Elementary OS, an Ubuntu-based Linux distro is getting a new...
- Advertisement -spot_img

More Articles Like This