It is particularly noteworthy that the global colocation market remains concentrated around the most important economic hubs, reflecting the importance of proximity to major customers. The enterprise Software-as-a-Service (SaaS) market generated well over $23 billion of revenue for software vendors in Q1 2019 and will hit a $100 billion annual run rate in the current quarter, according to new market research by Synergy Research. The SaaS market continues to grow at almost 30% per year.…"Synergy Research: SaaS Spending Hits $100 billion Annual Run Rate"
Global real estate investment trust CyrusOne (NASDAQ: CONE) has broken ground on the first phase of its newest data center location in Frankfurt, Germany. The facility is CyrusOne’s third in the Sossenheim district of the city, offering cloud service providers (CSPs), systems integrators (SIs) and multinational corporations “customized, secured and resilient” data center solutions within a key business hub. Upon completion, expected in Q2 2020, this greenfield data center development will comprise two adjoining, four-story…"CyrusOne Breaks Ground on Third Data Center in Frankfurt, Germany"