Why is data center industry growing?

The insatiable desire for data to improve business performance is driving the growth of the data center industry. Tax incentives—in recent years, data center growth has been concentrated in regions that provide tax incentives, including state and local governments that provide investment incentives (often energy-based)

How large is the data center market?

The Internet Data Centers market in the U.S. is estimated at US$16 Billion in the year 2020.

How much revenue does a data center make?

While being built, a typical data center employs 1,688 local workers, provides $77.7 million in wages for those workers, produces $243.5 million in output along the local economy’s supply chain, and generates $9.9 million in revenue for state and local governments.

What is data Centre growth?

Driven by growth in digitalisation, rising cloud adoption and ambitious growth plans of operators, India’s data centre industry is expected to double capacity and cross the 1GW mark by 2023, a report by JLL has said. The industry capacity is expected to double from 499MW in H1 2021 to 1008 MW by 2023.

What is data center business?

A data center — also known as a datacenter or data centre — is a facility composed of networked computers, storage systems and computing infrastructure that businesses and other organizations use to organize, process, store and disseminate large amounts of data.

What is the purpose of data center?

A data center is a facility that centralizes an organization’s shared IT operations and equipment for the purposes of storing, processing, and disseminating data and applications.

Why data centers are important?

With businesses realizing the dynamism of what can be done with their data, they are moving on from their existing resources to well-equipped Data Centers to aid better data management. Data Centers have become top priority for businesses across the globe to measure up their IT infrastructure requirements.