HOUSTON—The public's obsession with online binge-watching is just one of the factors helping the data center industry flourish worldwide. Massive movement of data from private corporate servers to cloud-based solutions and a growing corporate thirst for Internet of Things initiatives are pushing corporate demand too, says JLL's new Data Center Outlook.
With data consumption skyrocketing, some major cloud providers are anticipating the need to triple infrastructure by 2020. JLL's report also notes that while data center demand is strong, industry growth could be tempered by external risks such as foreign currency exchange fluctuations, rising interest rates, M&A disruptions and policy shifts.
“The data centers market is very fluid, but a few things are certain. Cloud adoption is soaring, technology innovation will not slow down, data center portfolios are consolidating and rack densities are ascending rapidly,” said Bo Bond, managing director and data center solutions co-lead, JLL. “Companies needed to start their strategic planning yesterday to have any prospect of staying ahead.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
