Industry Update
Harry Handlin, U.S. Data Center Segment Leader
The AI inflection point has shaped the trends of the 2024 data center landscape. In an era defined by digital transformation, we continue to see unprecedented data volumes forcing the industry to innovate and redefine design, construction, and operation of the traditional data center. The data center industry finds itself at another key inflection point. The rapid adoption of AI across industry sectors such as healthcare, manufacturing, banking and financial will only steepen the demand curve for data centers as the support system for this technology.
The digital infrastructure industry is forecasted to triple in the next five years; that means three times the capacity and power consumption. These power demands act as a catalyst for the energy transition prompting developments in alternative power sources and onsite generation to keep pace with the market.
Other trends we expect to see to support this growth include modular, containerized designs, micro data centers and increased rack densities due to these higher density deployments. Lastly, innovation in sustainability, as it relates to data center construction and tracking of carbon content.
We look ahead to a new year of opportunity and playing an important role in this digital era. Our dedicated data center solutions team is here to support you from the design and construction process to ensuring 24/7 operations and service. We look forward to connecting with you all at upcoming industry events and collaborating on your upcoming projects.