Global data center colocation market projected to reach $222.97 billion by 2031

The global data center colocation market is expected to grow from USD 124.47 billion in 2026 to USD 222.97 billion by 2031, representing a compound annual growth rate (CAGR) of 12.4%. This expansion is driven by increasing cloud adoption, rising data volumes, and enterprise digital transformation.

Key drivers include the demand for scalable IT infrastructure and the rise of hybrid and multi-cloud environments. Additionally, the emergence of artificial intelligence (AI) and generative AI (GenAI) is creating new requirements for high-density infrastructure, advanced cooling, and increased power availability.

In Colombia, the data center market is seeing increased importance as businesses in sectors such as banking, retail, healthcare, and telecommunications modernize operations. The shift toward digital payments, e-commerce, and cloud computing is driving the need for reliable data storage and processing infrastructure to support business continuity and secure information systems.