I’ve said that colocation and downsizing in favor of the cloud is happening, and the latest research from 451 Research confirms the trend. More than half of global utilized racks will be located at off-premises facilities, such as cloud and colocation sites, by the end of 2024, the company found.
As companies get out of data center ownership, hardware will move to colocation sites like Equinix and DRT or cloud providers. The result is the total worldwide data center installed-base growth will see a dip of 0.1% CAGR between 2019-2024, according to the report, but overall total capacity in terms of space, power, and racks will continue to shift toward larger data centers.
