Best Of 2024: GenAI To Spur Data Center Growth To $317 Billion By 2026
Techstrong ITSM, Thursday, January 2nd, 2025
Generative AI and IoT will power the global data center market to $317 billion by 2026, more than twice its size in 2020.
Real estate consulting firm JLL, which made the bold prediction for data centers and edge IT infrastructure, defines an edge data center as a facility that brings computing power closer to where the data is generated or consumed. Breakneck expansion of edge computing is being fueled not only by genAI and IoT but the need for faster data transfer and high computation, according to JLL.
'I live in Dallas, and I swear they build data centers left and right,' Mike Britton, chief information security officer of Abnormal Security, said in an interview. 'It is another indication of the gold rush of AI, a push by companies like ServiceNow Inc. to add AI features to their products, and larger legacy companies reevaluating putting all their eggs in Azure, which had an outage this week,' he added.