2023 GLOBAL DATA CENTER MARKET COMPARISON

 

 

KEY TAKEAWAYS

■ The data center market continued its rapid growth, with an estimated 7.4 GW online included in our 2023 rankings, as compared to 4.9 GW last year.

■ There was a substantial move towards secondary and emerging markets, with hyperscale tenants and colocation providers evaluating and announcing new projects worldwide.

■ Power availability became increasingly constrained, particularly in top markets. Power costs rose, with utility costs in our set of markets rising by a median of 16%.

■ Despite headwinds in the form high competition for land and lack of available power, larger markets continued to grow and perform.

---