Global data center market revenue is expected to reach $342.10 billion by 2023, up from $321.37 billion in 2022, according to Statista. The data center market was valued at $316.30 billion in 2021, up 6% from $298.30 billion in 2020.
The most significant investments in the market are expected to come from colocation service providers and hyperscale data centers.
The continued explosion in AI and ML has not surprisingly placed new strain on data center power and processing resources.
