The global colocation market is expected to double by 2024 and interconnection is one big reason. Interconnection services enable businesses to exchange data with each other at extremely high speed and low cost using direct connections instead of public networks. Customers can also use the services to connect to multiple cloud providers and to leverage the most cost-effective carrier networks. Accessing the cloud via dedicated connections within a colocation facility can cut bandwidth costs by 60% compared to using the public Internet.
Interconnection has grown in importance as the average enterprise has grown to use 2.3 infrastructure-as-a-service providers and two platform-as-a-service providers while nearly tripling the use of cloud applications over a three-year period.
Nearly every colocation provider offers interconnection services, but the scope and terms vary widely. It’s important for customers to look for partners that offer them the greatest degree of choice with the lowest overhead cost. This podcast outlines the factors that should go into choosing a colocation interconnection partner and the growing range of services that are available.
Frank Scalzo, General Manager of Network Strategy and Services, Iron Mountain