Colocation isn’t a new concept, but as we collectively move more workloads to the cloud and cost-saving becomes an even more important driver for doing so, it’s never been more popular.
According to Grand View Research, the Data Centre colocation market was worth around US$60bn last year and is set to achieve annual growth of 14.2% between 2023 and 2030. By the end of the decade, the market could be worth over $155.4 billion.
As the name suggests, colocation is where a third party data centre rents or leases space in their facility for servers or networking hardware owned and operated by their customers or users.
Click here to read the rest of this story.