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Share this article DUBLIN, Dec. 23, 2020 /PRNewswire/ ResearchAndMarkets.com s offering. The global data center colocation market grew at a CAGR of around 12% during 2014-2019. Looking forward, the global data center colocation market to continue its strong growth during the next five years. Data center colocation refers to a service that enables enterprises to rent physical space, network bandwidth and other computing resources within an existing data center. These data centers are equipped with in-built networking components, power backup facilities, information protocol (IP) system and cooling units and are usually available in retail and wholesale setups. In comparison to the traditionally used data centers, colocation data centers are more cost-effective, highly reliable, easily scalable, can be located near the users and require minimal technical staff. As a result, they find extensive applications across various industry sectors, such as banking, financial services and

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