Data Center Colocation Market is estimated to be US$ 172.23 billion by 2030 and is anticipated to register a CAGR of 14.4%
Data Center Colocation Market accounted for US$ 45.5 billion in 2020 and is estimated to be US$ 172.23 billion by 2030 and is anticipated to register a CAGR of 14.4%.. Global data center colocation market is driven by growing need to reduce capital expenditure and operational cost. Additionally, combination of cloud with the colocation helps in reducing latency, increasing security, and creating cloud interconnection opportunities, which helps to propel growth of the global market. Moreover, full control of server security of information and availability of wide options especially for small companies, coupled with required power backup are some other factors expected to fuel growth of the global data center colocation market over the forecast period. In industry majority of colocation service providers are adopting expansion strategies to address the increasing demand for colocation data centers from each of the industry verticals. Thus, creating lucrative opportunities for growt...