Data Center Investments Soar: 200% Rise Since 2016 and Projected 89% Increase by 2028
Provided By PR Newswire
Last update: May 28, 2024
USA News Group Commentary
Issued on behalf of Avant Technologies Inc.
VANCOUVER, BC, May 28, 2024 /PRNewswire/ -- Since 2016, investment in data centre infrastructure has risen 200%, with a further 89% increase expected by 2028 as more opportunities emerge with the rise of artificial intelligence (AI). According to Jones Lang LaSalle Inc.'s CEO Christian Ulbrich, data centers are "the hottest asset class at the moment." Analysts at Technavio are projecting the global data center market to record an additional US$329.82 billion in growth at a CAGR of 12.73% through 2027. Capitalizing on the opportunity are several players recently announcing developments regarding their involvement in the data centers sector, including
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