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The global data center colocation market size was valued at nearly $62.3 billion in 2022 and is expected to reach $89.3 billion by 2030, with an annual growth rate of 14.7%. Data center colocation services are structured and provide effective cooling backup, security, and bandwidth, aiding businesses in data center administration, risk management decisions, and planning & operational strategies. The retail segment is predicted to contribute majorly to the global market share, while the IT & Telecom segment is projected to dominate the global market size.
