AVANT | State of Disruption | 19 Colo Growth by Vertical 100% 75% 53% 50% 52% 50% Colocation 40% 41% 38% 34% 32% 26% 26% 28% 25% 24% 25% 25% 21% Colocation, (colo), is a based on 18% 22% a large multi-tenant data center 8% where equipment, space, and 0% ng ial l h al ng ail tion i c ca ec g lt T e su h L turi Ret Other truc n Medi g c ns Co Finan Hi fa bandwidth are rented to Co Manu business customers. 2018 - 2019 (actual) 2019 - 2021 (projected) Figure 9.1 Colo Growth by Company Revenue 100% These centers provide servers, storage, networking infrastructure, physical security, power, climate control and space for all of the 75% above. A variety of related services can also be purchased as a means of offloading complexity and potentially reducing costs. 50% Penetration is fairly evenly dispersed among key verticals, although 46% 40% 41% 36% 34% 39% growth is clearly stronger in some segments than in others. 20% 24% 24% 23% 31% 25% 23% 0% m $50m m $1b+ $1m - $10 m - $500m $11m - $51m - $100 $101 $501m - $1b 2018 - 2019 (actual) 2019 - 2021 (projected) Figure 9.2