Data Centre Colocation Market Size

Global Data Centre Colocation Market size reached US$ 39.9 billion in 2022 and is expected to reach US$ 58.8 billion by 2031, growing with a CAGR of 6.3% during the forecast period 2024-2031.

The era of digital transformation has resulted in rapid growth in data generation across sectors such as healthcare, finance, retail, and manufacturing. This surge is fueled by the rise of connected devices, the Internet of Things (IoT), and the widespread adoption of cloud computing.

In recent years, the global data center colocation market has seen positive trends, driven by the growing demand for secure and reliable data storage and management solutions. As organizations across various industries increasingly depend on digital infrastructure, the market opportunities for data center colocation services have expanded significantly.

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Data Centre Colocation Market Dynamics
Rapid Growth in Data Generation and Surge in Cloud Adoption
The digital revolution and the proliferation of connected devices have caused an exponential rise in data generation. As businesses gather large volumes of data for purposes such as customer insights, analytics, and AI-driven decision-making, the need for robust data storage and processing capabilities has dramatically increased.

Data center colocation providers address this demand by offering scalable and secure storage solutions, ensuring businesses have reliable access to critical information. According to the U.S. Department of Commerce - Census Bureau, the data center colocation market in the U.S. saw a 20% revenue increase in 2021 compared to the previous year.

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Data Centre Colocation Market is segmented
By Type: Retail Data Centre Colocation, Wholesale Data Centre Colocation
By End-User: Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Healthcare, Government and Defence, Others
By Region: North America, South America, Europe, Asia Pacific, Middle East, and Africa

Data Centre Colocation Market Companies
• Equinix, Inc.
• CenturyLink
• CyrusOne
• China Telecom Corporation Limited
• Digital Realty Trust (DuPont Fabros Technology)
• Telehouse (KDDI)
• NTT Communications
• China Unicom
• Global Switch Corporation
• Teraco Data Environments

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