Data Center Market Valued at $500 Billion, Driven by AI Workloads
What happened
Industry discussions at Vertiv Week in Zagreb focused on the rapid growth of the data center market. Gautham Gnganajothi of Frost and Sullivan stated that the market is currently valued at $500 billion and is growing at a compound annual growth rate of 12%. This growth is heavily influenced by artificial intelligence (AI) workloads, with four major hyperscalers currently utilizing 77% of their capacity for AI.
From it-online.co.za
Why it matters
The market is projected to reach $1.5 trillion by 2035, driven by the shift toward high-density, AI-ready infrastructure. Future builds are expected to focus on advanced cooling, liquid cooling, modularity, and sustainable, grid-active data center designs.
From it-online.co.za
Who's involved
- VertivMultinational provider of critical infrastructure and services for data centers.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- GPUSpeculative
AI workloads might require massive GPU compute, driving demand for specialized cooling infrastructure.
- Marvell TechnologySpeculative
The validation of the large AI data center market could increase overall sector demand for specialized components.
- AmericasSpeculative
The global AI data center boom could validate and accelerate regional market demand for related technologies.
- FoxconnSpeculative
Massive data center growth could increase the demand for manufacturing and assembly services.