Data centers are the hidden infrastructure underpinning all digital activities. Internet usage is almost universal, reaching 91% in North America, 87% in Europe and 73% in Asia Pacific, and mobile phone subscription and use rates are even higher at above 90% in most markets. The demand from smartphone based applications has driven an appetite for more digital infrastructure from cloud service providers, hyperscalers and over-the-top media companies in all regions.
In this market perspective, we explore the global dynamics and outlook for the data center industry in 2023 and beyond.
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