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The growing trend of data center consolidation and migration to colocation facilities is propelling the market. Many organizations are opting to outsource their data center operations to colocation providers to reduce costs, improve scalability, and focus on their core business functions. This shift towards colocation is driving the demand for robust infrastructure products to support these facilities, positively influencing the industry landscape. Besides, consistent technological breakthroughs and evolving strategic outlook will stimulate the industry growth trajectory through 2032