Data Center Colocation Market size is anticipated to reach USD 155.40 billion by 2030
Data Center Colocation Industry Overview The global data center colocation market size was valued at USD 54.82 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. Data centers are a major part of modern corporate practices responsible for administering business applications. The need for IT infrastructure for running businesses has increased over the years as businesses become more dependent on data, which has further resulted in the higher adoption of cloud services. Colocation data centers have enabled quick scaling up of IT requirements of businesses. Moreover, higher costs of owning and maintaining data centers, for companies to generate inconsistent data volumes, have been a key factor driving the market growth. Gather more insights about the market drivers, restrains and growth of the Data Center Colocation Market The emergence of technologies, including cloud computing, autonomous vehicles, Internet-of-Things (...