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Extensive market research carried out by analysts at Technavio has shown that the global data center colocation market will grow at an impressive CAGR of more than 12% until the end of 2020. Data center colocation not only reduces capital investment involved in the construction of data centers but also helps to cut down operational expenses to a considerable extent. With the augmented demand for business operations among enterprises worldwide, there is a sharp increase in data center construction activities. But with the concept of colocation, businesses with a limited need for data centers can collocate space from existing data center operators.