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The global data center colocation market size was valued at US$ 45.30 Billion in 2020.
According to the estimates by IMARC Group, the global data center colocation market is expected to witness a CAGR of 14.3% from 2021 to 2026.
Rapid digitization across industries, along with the increasing utilization of hybrid cloud computing and virtualization systems represents one of the key drivers for the global data center colocation market.
The growing demand for data storage facilities from the e-commerce industry, along with significant improvements in the IT infrastructure represent some of the key trends in the global data center colocation market.
Sudden outbreak of the COVID-19 pandemic has led to the increase demand of data center colocation in healthcare sector to study the data of the patient and to mitigate the spread of the virus.
On the basis of the organization size, the market has been divided into small and medium enterprises, and large enterprises. Among these, large enterprises represent the largest segment.
On the basis of the end-use industry, the market has been segmented into BFSI, manufacturing, IT and telecom, energy, healthcare, government, retail, education, entertainment and media, and others. At present, the IT and telecom industry exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global data center colocation market are AT&T, Inc., CenturyLink Inc., China Telecom Corporation Limited, Coresite Realty Corporation, Cyrusone Inc., Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Global Switch Limited, Internap Corporation, KDDI Corporation, NTT Communications Corporation (Nippon Telegraph and Telephone Corporation) and Verizon Enterprise Solutions Inc.
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