A detailed analysis of the global data center market published in 2022 expected the total number of data centers world over to grow at a Compounded Annual Growth Rate (CAGR) of about 11% [1]. This analysis, conducted before the explosion in AI applications in the second half of 2022, represents the lower limit to data center demand. More recent work on data center capacity expansion puts the net global growth in data centers worldwide in 2023-24 in the range of 20-25% [2].
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