The "Middle East Data Center Colocation Market - Industry Outlook & Forecast 2023-2028" report is now available through ResearchAndMarkets.com. The Middle East data center colocation market is anticipated to achieve a value of $2.14 billion by 2028, up from $1.44 billion in 2022, demonstrating a compound annual growth rate (CAGR) of 6.83% from 2022 to 2028.

Key contributors to the Middle East data center colocation market are the UAE and Saudi Arabia, accounting for approximately 35% and 23% of the region's capacity, respectively. The market in these countries is poised for substantial growth within the next four to five years, attributed to the region's transition from an oil-centric economy to a digital one. Ongoing investments in colocation data centers are driven by factors such as cloud-based services, smart city initiatives, and the expansion of fiber connectivity.

Leading operators in the Middle East data center colocation market include Khazna Data Centers, Gulf Data Hub, MEEZA, Moro Hub, stc, Turkcell, and Oman Data Park. These providers are playing pivotal roles in advancing the industry. Noteworthy contributions come from Khazna Data Centers and Gulf Data Hub, which are at the forefront of growth, overseeing the development of over 15 data center facilities across the UAE, Saudi Arabia, Oman, Kuwait, Qatar, and Bahrain, slated to become operational in the forecast period.