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Global Data Center Development Scales Up with Demand
For the global data center market, 2021 saw the previous year’s burgeoning changes in demand become permanent, said Kevin Imboden, Cushman & Wakefield’s director of research for the firm’s data center advisory group. “Major cloud service providers continue to battle for market share in large and small markets alike, with an ever-growing number of markets becoming hubs.”
Construction totals continue growing globally, with 4.1 gigawatts (GW) underway in the markets covered in Cushman & Wakefield’s latest report. The largest clients continue to require larger builds.
Although the world’s largest data center markets are mainly in the U.S., led by Northern Virginia, the report identifies 10 markets to watch, all outside the U.S.
“Today, many of the hyperscalers that dominate cloud, network and internet services can enter a new or relatively immature market and simply begin a major build,” said Imbolden. “This shift has led to rapid increases in market size.”
- ◦Lease
- ◦Development
