Data Center Colocation Market Size to Reach USD 310.26 Billion by 2032 | Straits Research

The Data Center Colocation Market has been expanding rapidly, driven by the increasing demand for efficient IT infrastructure solutions. Colocation services allow businesses to house their IT equipment in third-party data centers, with high levels of security, reliability, and scalability. The global data center colocation market was valued at USD 83.32 billion in 2023 and is projected to grow to USD 310.26 billion by 2032, expanding at a CAGR of 15.9% during the forecast period from 2024 to 2032. The market’s growth is fueled by the rising adoption of cloud computing, digital transformation, and increasing data storage needs across various industries.