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Rapid Digitization Driving Data Center Colocation Market

The global data center colocation market value stood at $42.1 billion in 2019, and it is predicted to rise at a CAGR of 14.8% from 2020 to 2030 (forecast period). The market is being propelled by the creation of large volumes of data, growing use of cloud on-ramp, the financial and disaster mitigation benefits associated with data colocation, and extremely high maintenance costs of private data centers.

Moreover, the data colocation model enables enterprises to rent the space and bandwidth of a data center for storing its information technology (IT) hardware, servers, and data. The high maintenance costs of private data centers is one of the major data center colocation market growth drivers. With rapid digitization and surging adoption of internet of things (IoT) and artificial intelligence (AI), large volumes of data are being generated, which must be cost-effectively and efficiently managed and securely stored.


The construction of a private storage facility can cost $200 per square foot excluding the $10,000 per mile expenditure on fiber cabling. Unlike large companies, small and medium enterprises (SMEs) generally can’t afford such facilities and hence, they are increasingly preferring to adopt data colocation center services over developing private data centers.

Apart from these factors, the growing need for edge data centers is also creating immense growth opportunities for the players operating in the data center colocation market. Edge data centers are basically small data colocation facilities located near the enterprises they cater to with cloud computing and cached content resources.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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