It’s no secret that data demands across the globe are on the rise. 5G, IoT, edge and cloud architectures, content streaming, and more are driving massive compute, storage, and distribution requirements. In fact, worldwide data creation is expected to remain on its exponential upswing to reach a forecasted 175 zettabytes by 2025. To put this in perspective, analysts have observed that if each terabyte in a zettabyte represented a kilometer, a single zettabyte would be equivalent to 1,300 trips to the moon and back (768,800 kilometers).
As a foundational element of this constantly expanding datasphere, data centers have been proliferating and demand for these facilities has been growing parallel to cater to the businesses and end users that want to expand their digital capabilities. Subsequently, reports have stated the global data center market will grow at an estimated compound annual growth rate of 17% between 2020 and 2023.