Data Centres
Data centre building spend soars as investors pile in
Management consultancy firm McKinsey forecast predicts sharp rise in construction of such centres globally in coming years
Global spending on the construction of data centres is forecast to hit $49 billion by 2030, up from $32 billion last year, according to McKinsey.
A new report from the management consultancy firm indicates there is no let up in appetite for data centres, with investors increasingly interested in them because of the steady, utility-like cashflows and risk-adjusted yields.
In the US, which accounts for 40 per cent of the global market, demand – as ...