In today’s fast-changing world, it’s more necessary than ever to embrace change in every aspect of our lives, including the way we collaborate. Doing business means that we interconnect, and interconnection reflects the data exchange between companies. As Mordor Intelligence reports, the interconnection market will grow even faster than the colocation market, and the revenues expected to increase from $3.48 billion in 2019 to $7.65 billion in 2025. It is also worth mentioning that the colocation market is expected to reach $90 billion in 2024, according to Global Market Insights. So, anyone can understand that businesses can take advantage of those two services and thrive in their industry. Let’s see why!
Colocation solutions offered by Data Center services providers help customers safeguard their critical data and applications. It is considered a valuable service as it reduces IT costs, improves flexibility, and creates a robust, highly available infrastructure that connects seamlessly to multiple clouds at economies of scale. Neutral data center providers are independent of carriers, hardware vendors, cloud services providers, and suppliers. Customers can benefit from various telecommunication providers and other vendors based on their needs and business objectives, enjoying speed access to their data. Customers investing in colocations gain access to advanced network security since data centers provide the latest firewalls / IDS systems to detect and prevent unauthorized access to their systems. Multiple layers of digital and physical security protect the equipment and data 24/7/365. Last but not least, one of the most significant benefits of colocation is the elimination of potential downtime through redundant systems and 24x7 support that ensure the uninterrupted operation of the customers’ services and applications no matter what.
In a fully digitalized world where information exchange occurs with the click of a finger, interconnection powers digital business. However, interconnection is not just about connecting 2 points. Interconnection is the deployment of IT traffic exchange points that integrate direct, private connections between two or more entities or partners at the fastest possible speed by combining high-performance networks with physical proximity. It provides businesses access to a wide range of third-party services. Many colocation interconnection services are connected directly to undersea cables, enabling the fastest possible data exchange with partners/customers in other countries.
Interconnection within a neutral colocation facility allows a company to connect its network to another by running fiber or other media to a central point in a facility called a meet me room. This can be very beneficial. Since you are connecting inside the facility, there is no local loop charge, so costs are lower. Also, given there are often a lot of providers to choose from, you get to have the freedom to select the appropriate provider for your business. This can be very important if you have applications that have low latency or other specific requirements. Companies often provide both interconnection and colocation services in the same facility just like Lamda Hellix does through its Athens Data Center Campus providing direct access not only to multiple carriers but also to the two Internet Exchanges of the country SEECIX powered by DE-CIX and GR-IX.
No one can deny that connectivity is becoming a defining feature of the modern economy. Combined with the colocation service, it operates as essential drivers to businesses want to thrive in their industry. Want to know more and take advantage of these services? We are here to help you. Contact us now!