The data center colocation market size is estimated to reach $49.57 billion in 2019 from $16.65 billion in 2014, at an estimated CAGR of 17.6 percent from 2014 to 2019.
The telecom and IT vertical will be the largest adopter of colocation services. North America is expected to be the largest market in terms of revenue contribution, while Asia Pacific (APAC) is expected to show higher growth rates in the coming years, according to a report published by MarketsandMarkets.
The market is dominated by large REITs and tier 1 companies having huge data center spaces spread across the globe.
