target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: Market Forecast - Doc Document number: # US51350024
Worldwide and U.S. Datacenter Installation Census and Construction Forecast, 2024–2028
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Abstract
This IDC study reveals significant growth in the datacenter industry, driven by digital transformation and the rise of generative AI, with a shift in measuring datacenter capacity from square footage to power. This growth is accompanied by challenges such as resource scarcity and rising costs, yet offers opportunities for innovation, particularly in sustainability and hybrid multicloud architectures. The forecast anticipates a compound annual growth rate of 12.6% in installed IT datacenter capacity from 2023 to 2028, highlighting the industry's rapid expansion and growing power density.
"Datacenters are the backbone of the digital economy and will benefit from continued investment in digital transformation, cloud technologies, and artificial intelligence." — Sean Graham, research director, Cloud to Edge Datacenter Trends