Data centre co-location is on the upswing worldwide, with demand in the market set to increase at a compound annual growth rate (CAGR) of 14.7 percent between 2023 and 2030. This upsurge can be attributed to several factors, including rising demand for over-the-top (OTT) media and video streaming services and the need to lower ICT infrastructure costs, as well as the emergence of technologies such as the internet of things (IoT), self-driven vehicles, cloud computing and robotics. The African data centre co-location market is also poised for significant growth, with a projected CAGR of 10.64 percent between 2022 and 2028. Smart city initiatives, the proliferation of 5G networks, and the expansion of fibre connectivity are pivotal factors driving this transformation. AI is also playing an increasingly important role in the data centre industry, with AI-powered investment and automation of data centre operations becoming more commonplace.
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