The movement to colocation—or colo—is accelerating and will have profound implications for enterprises and service providers. Colocation involves renting space in a third-party data center and can also include a mix of hardware, software, and services. The tactic is surging at a 16% compound annual growth rate through 2020, from $ 25.70 billion in 2015 to $ 54.13. By 2018, 65% of companies’ IT assets will be off-site in colocation, hosting, and cloud data centers, according to IDC, while 33% of IT “staff” will be employees of third-party service providers.
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