IoT, AI and Big Data to Drive Data Center Market: Study

A new report on ‘Data Centers – The sunrise of a new era in global infrastructure’ shows that data centers growth in terms of IT power load capacity has witnessed a robust 18% CAGR between 2007 and 2020, reaching about 432MW; in terms of real estate capacity, it has witnessed 13% CAGR growth during the same period, the report said.

The Data Center IT power capacity is expected to reach about 800MW during 2021-2024, progressing at a CAGR of 16% according to the report by Praxis Global Alliance, a global management consulting and advisory firm. The Data Center revenue is progressing at a CAGR of 8% to reach US$ 4 billion during the forecast period.

The full article was originally published on CXO Today