Why The Data Center Industry Doesn't Expect A Slow-Down Anytime Soon
RCRWirelessNews, Tuesday, November 12th, 2024
Data center industry sees strong growth continuing, driven by AI
The data center industry is seeing explosive growth, and some market observers have called 2024 a 'turning point' for the space.
Citi Research has estimated data centers' market size at 33 Gigawatts (GW) in 2023 and anticipates that the data center industry will see compound annual growth of 17% to 100 GW in 2030, driven by both demand for general computing to handle core IT workloads as well as artificial intelligence computing demand.
At last week's Data Center Dynamics Connect Virginia event, panelists cited a number of reasons as to why they expect to see the unprecedented growth in the data center industry continue.