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You are here: Home / Big Data / Data Center Investment Is Booming
Data Center Investment Booming in 2017
Data Center Investment Booming in 2017
By Rani Molla Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
SEPTEMBER
28
2017
U.S. data centers have already seen more investment so far this year than in any previous year. Companies and funds have invested $18.2 billion -- double the value of 2016 and on track to surpass the total for the three previous years combined -- year to date, according to new data from real estate research firm CBRE.

Data centers are what make what we do on the cloud -- stream video, transfer money, access health care information -- possible. And our need for them is increasing rapidly. Think, for example, of the amount of data exchange that will be required to keep self-driving cars safely on the road.

At last count, global internet traffic passed a zettabyte (read: a lot) of data, according to Cisco. Led by the U.S., that's expected to triple by 2021. More than 90 percent of the data center space around the world is occupied by U.S. companies, according to CBRE.

This all means continued strong demand to lease space in data centers around the country. It's also meant a surge in investments, mergers and acquisitions, including a $3.6 billion acquisition this year of Verizon data centers by real estate investment trust Equinix.

Of course, not all investments are equal. What was considered state-of-the-art storage capacity five years ago could already be considered inefficient, and data loads vary depending on where you are in the country.

© 2017 Re/Code under contract with NewsEdge/Acquire Media. All rights reserved.

Image credit: iStock.

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