By 
According to Stocklytics.com, data center revenue will surpass $500 billion by 2027.
RELATED: Meeting the rising demand for digital infrastructure for data centres
Edith Reads, a financial analyst at Stocklytics.com, highlights several key factors contributing to this growth. She states:
The increasing adoption of multi-cloud solutions is driving the expansion of data centers. Network upgrades to support 5G are also contributing to this growth. Additionally, expansion initiatives by hyperscalers are playing a significant role. The rising demand from SMEs for enhanced data storage and processing capabilities further elevates revenue potential in the market.
The data center market will experience remarkable growth from 2024 to 2029, increasing by over $208 billion and culminating in a 50% rise. Global data centers will generate around $416 billion in revenue by 2024, a 12% increase from 2023.
The full story and statistics can be found here: Data Center Revenue to Break $500B Barrier by 2027
