Construction Magazine November 2020 | Page 43

MEETING FUTURE CHALLENGES
anyone to access satellite data and capabilities from Azure .”
Commercial imaging companies are collecting upwards of 100TB or more per day every day , accumulating huge data sets measured in petabytes per company , according to datacenterfrontier . com .
MEETING FUTURE CHALLENGES
All existing data centres use roughly 2 percent of the world ’ s electricity . According to Verified Market Research , the Global Data Centre Power Market was valued at US $ 17.45 billion in 2019 and is projected to reach US $ 28.44 Billion by 2027 , growing at a CAGR of 6.32 percent from 2020-2027 .
Rising digitization is resulting in a rapid expansion of digital infrastructure is expected to define the growth of the data centre power industry over the coming years . Moreover , the rising adoption of cloud computing is also driving the cloud data centre market .
The data centre market in China and Hong Kong data alone is expected to reach revenue of close to $ 27 billion by 2025 , according to ResearchandMarkets . com , driven by the increase in the investment in artificial intelligence , blockchain , and quantum computing .
Writing about the Future of date centres in the post-COVID world , Ed Butler , CEO of Amito , said : “ Covid-19 has placed data centres at the centre of key IT decision-making and as we continue to evolve with the new world of distributed workforces and blended working options , we ’ ll see flexibility , scalability and efficiency as the new standard in data centres .”
43 constructionglobal . com