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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Data Center Colocation Market Size
The global data center colocation market reached approximately USD 66.31 billion in 2023. The market is projected to grow at a CAGR of 14.5% between 2024 and 2032, reaching a value of around USD 221.88 billion by 2032.
Key Trends in the Market
Data center colocation, commonly known as colocation, is a service that enables businesses to lease physical space, along with power and cooling resources, within an external data center facility. This arrangement serves as a means for businesses to house their computing equipment and servers. By opting for colocation, businesses can avoid the necessity of constructing and managing their independent data center infrastructure.
- The global data center colocation market growth is being aided by the rise of edge computing, which involves processing data closer to the source of generation. It has surged the need for decentralised data center infrastructure. Colocation providers are strategically positioning their facilities at the edge to support low-latency applications like IoT (Internet of things) devices, autonomous vehicles, and smart cities.
- One of the major global data center colocation market trends is the increasing focus on green technologies owing to the rising environmental concerns and the importance of sustainability in data center operations. Colocation providers are investing in energy-efficient technologies, utilising renewable energy sources, and implementing innovative cooling solutions to minimise their environmental footprint.
- The global data center colocation market demand is propelled by the increasing use of artificial intelligence (AI) and machine learning (ML) technologies. Data centers are required to meet the computational needs of these technologies. Providers of colocation services are enhancing their facilities with the required infrastructure to enable powerful computing for AI and ML tasks.
Data Center Colocation Market Report Snapshots
Data Center Colocation Market Size
Data Center Colocation Market Share
Data Center Colocation Market Analysis
Data Center Colocation Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 66.31 billion.
The market is projected to grow at a CAGR of 14.5% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 221.88 billion by 2032.
The market is driven by the increasing adoption of edge computing and the rising demand for data centers from different sectors.
The growing emphasis on sustainability in data centers and the increasing applications of artificial intelligence, machine learning, and other advanced technologies is expected to propel the expansion of the market in the coming years.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different end uses are retail, BFSI, IT and telecom, healthcare, and media and entertainment, among others.
The key players in the market include Digital Realty Trust Inc., Equinix, Inc., NTT Communications Corporation, Cyxtera Technologies, Inc., Global Switch Limited, Rackspace US, Inc., Iron Mountain Incorporated, Flexential Corp., Colt Group Holdings Limited, QTS Realty Trust, LLC, and China Telecom Global Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124