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Study: Colocation services on pace to hit $40.3B in 2024

Revenue in the colocation services market will increase 6.2% this year, Omdia forecasts, after earlier predicting the market would rise 9.2% during 2020 before the coronavirus pandemic took hold around the world. The market research firm forecasts the market will reach $40.3 billion globally in 2024, compared with $28.6 billion in 2019.

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