Data Centre Colocation Market Is Expected To Reach Us$ 279.1 Billion By 2034, Rising At A 14.9% Cagr

The data centre colocation market in the United States and Europe is continuing to evolve, driven by technological advancements, changing business needs, and the growing importance of reliable, scalable, and secure data infrastructure. The market is estimated to be worth US$ 69.7 billion in 2024 and is projected to be valued at US$ 279.1 billion in 2034, registering a growth rate of 14.9%. The need for scalable and reliable IT infrastructure in industries due to digital transformation, the reliance on cloud services, and the implementation of advanced security protocols are expected to drive the growth of the data centre colocation market.