Chandler Data Hub Expansion Fuels Land Grab Frenzy
Economic Drivers Behind Data Center Growth The relentless surge in global data creation and computing demand underscores the burgeoning growth of data centers. Zettabytes of data are produced annually, with an exponential trajectory. Demand surges due to factors like AI advances, streaming, and digital services. This drives massive data processing needs. This escalation is further propelled by generative AI. It catalyzes soaring data demand and power consumption forecasts, which anticipate a 16% CAGR by 2028. Infrastructure investment is essential. In response, hyperscale data centers are emerging, offering vast resources for cloud computing and AI. The global public cloud services market, projected near $600 billion by 2023, amplifies this necessity. As the data center industry trends continue to evolve, expansion in remote work is also influencing enhanced data management needs. Energetic infrastructure investment is needed for cost efficiency and sustainability. It addresses robust...