Global Data Center Market Comparison
An analysis of 20 key variables for hyperscale and colocation operators, occupiers and developers across 97 global markets.
Key Evaluation Metrics
High levels of operational capacity indicate market strength and maturity, serving as evidence of captured demand and successful data center projects. Large markets typically experience steadier demand due to established talent pools for building and operating data centers, robust infrastructure and scalability. The advantages of large markets—including steady demand, greater access to cloud service providers, the presence of known operators, a diverse customer base, experienced talent pools, supportive local governments and scalability—make them highly appealing to both clients and operators. Globally, 13 markets boast operational capacities exceeding 1GW.
Data center demand continued to grow rapidly worldwide, with the development pipeline revealing unmet needs when comparing total capacity planned or underway to capacity that has been preleased. Capacity under construction signals strong investment in individual markets, while prelease rates highlight existing unmet demand. Planned developments, on the other hand, reflect longer-term growth potential beyond the three-to-five-year under-construction pipeline. Nine markets have 100% of under-construction capacity already committed and two planned markets show the same.
As highlighted in the 2024 Global Data Center Market Comparison, the largest hyperscale tenants are fully committed to reducing their carbon footprint in all facets of operations, with data centers at the forefront. As 2030 net-zero goals approach, many hyperscale self-builds and large-scale developments increasingly incorporate renewable energy infrastructure and sustainability initiatives. Wind and solar farms are being planned alongside deployments exceeding 100MW, underscoring the critical role of energy infrastructure for the largest facilities. While European markets lead in renewable energy as a share of total production, opportunities exist in every global region.
Americas
Power availability remains the top consideration for data center developers, with operators in the Americas seeking two- to three-year delivery timelines but often facing delays of five years or more. Where utility providers can’t provide power sooner, some operators have partnered with power companies to build substations, transmission lines, or to tap into microgrid power. Growing demand for large-scale power, abundant land and relaxed latency requirements for AI has also driven hyperscalers and operators to expand into historically peripheral markets like Indianapolis, Kansas City and the Carolinas. While these emerging markets have been gaining traction, they still trail established markets in development pipelines.
| Established Markets | Emerging Markets |
|---|---|
| 01/ Virginia | 01/ Austin / San Antonio |
| 02/ Phoenix | 02/ Iowa |
| 03/ Dallas | 03/ Pennsylvania |
| 04/ Atlanta | 04/ Reno |
| 05/ Oregon | 05/ Minneapolis |
| 06/ Columbus | 06/ Kansas City |
| 07/ Salt Lake City | 07/ Nashville |
| 08/ Chicago | 08/ Indianapolis |
| 09/ Carolinas | 09/ Central Washington |
| 10/ Sao Paulo | 10/ Santiago |
|
01/ Virginia
|
02/ Atlanta
|
02/ Dallas
|
04/ Phoenix
|
05/ Oregon
|
06/ North / South Carolina
|
07/ Chicago
|
08/ Columbus
|
09/ Toronto
|
10/ SF Bay Area
|
01/ Kansas City
|
02/ Nashville
|
03/ Iowa
|
04/ Minneapolis
|
05/ Austin
|
06/ Queretaro
|
07/ Salt Lake City
|
08/ Indiana
|
09/ Santiago
|
10/ Denver
|
APAC
Asia Pacific ended 2024 with 1.6GW of new capacity coming online, bringing the region’s total operational capacity to 12.2GW. The development pipeline remains strong, with an additional 14.4GW of capacity under construction or planned. Key drivers like 5G deployments, cloud adoption, digital content consumption and IoT adoption continue to fuel demand in Asia Pacific’s data center sector. These fundamentals have attracted significant investment in the sector, supported by rising occupancy rates, stable rental yields, long-term returns and hyperscale/colocation expansions. With these factors at play, Asia Pacific is well-positioned for sustained growth over the next three to five years.
| Established Markets | Emerging Markets |
|---|---|
| 01/ Beijing | 01/ Auckland |
| 02/ Shanghai | 02/ Brisbane |
| 03/ Sydney | 03/ Busan |
| 04/ Johor | 04/ Pune |
| 05/ Melbourne | 05/ Bengaluru |
| 06/ Guangzhou | 06/ Perth |
| 07/ Mumbai | 07/ Canberra |
| 08/ Osaka | 08/ Taipei |
| 09/ Seoul | 09/ Batam |
| 10/ Singapore | 10/ Hanoi |
|
01/ Tokyo
|
02/ Mumbai
|
02/ Sydney
|
04/ Beijing
|
05/ Jakarta
|
06/ Singapore
|
07/ Johor
|
08/ Kuala Lumpur
|
09/ Shanghai
|
10/ Hong Kong
|
01/ Osaka
|
02/ Chennai
|
03/ Hyderabad
|
04/ Bangkok
|
05/ Delhi NCR
|
06/ Taipei
|
07/ Guangzhou
|
08/ Batam
|
09/ Manila
|
10/ Pune
|
EMEA
Most data center markets in EMEA continue to face significant challenges, including limited land availability, power constraints, and strict sustainability regulations, all of which impact costs, timelines and investment certainty. Despite these hurdles, the FLAPD markets continue to lead, with Milan now joining their ranks. The region’s operational capacity has grown to 9.4GW, backed by a strong development pipeline that signals further growth in both the near and medium term. Sustainability efforts continue to accelerate across the region, and gigawatt-scale campuses—much like those surfacing in the Americas—are increasingly in demand.
| Established Markets | Emerging Markets |
|---|---|
| 01/ London | 01/ Abu Dhabi |
| 02/ Frankfurt | 02/ Dubai |
| 03/ Amsterdam | 03/ Berlin |
| 04/ Paris | 04/ Helsinki |
| 05/ Madrid | 05/ Zurich |
| 06/ Milan | 06/ Munich |
| 07/ Stockholm | 07/ Oslo |
| 08/ Dublin | 08/ Warsaw |
| 09/ Brussels | 09/ Reykjavik |
| 10/ Johannesburg | 10/ Tel Aviv |
|
01/ London
|
02/ Madrid
|
02/ Paris
|
04/ Frankfurt
|
05/ Amsterdam
|
06/ Dublin
|
07/ Oslo
|
08/ Brussels
|
09/ Stockholm
|
10/ Johannesburg
|
01/ Milan
|
02/ Zurich
|
03/ Copenhagen
|
04/ Warsaw
|
05/ Riyadh
|
06/ Zaragoza
|
07/ Riyadh
|
08/ Athens
|
09/ Lagos
|
10/ Dammam
|
Want more information about data centers?
Subscribe to stay updated on the quickly evolving data center sector.
Subscribe
Related Insights
Research
2023년에도 시장 유형 전반에 걸친 수요는 지속될 것으로 보이며, 1차 시장의 공급업체는 더 저렴한 토지와 전력을 갖춘 주변 하위 시장으로 이동하는 반면, 2차 시장의 초기 클러스터는 계속해서 빠른 구축을 할것 으로 보입니다.
2/8/2023
Research
이 지역에서 가장 큰 데이터 센터 시장이 부지 및 전역 가용성 측면에서 어려움을 겪으면서, 사업자들은 주요 시장 내 성장할 수 있는 새로운 하위 시장과 2차 및 신흥 시장으로의 공격적인 확장을 모색하고 있습니다.
12/21/2022
Research
이 지역 내에서 전반적인 개발 활동이 계속 성장하면서, 크고 작은 시장 모두에서 안목 있는 투자자들을 위한 기회가 여전히 남아 있습니다.
11/1/2022
Research
Our Asia Pacific Data Centre Advisory Team as part of our Global Data Centre Advisory Group, has created optimal solutions and location strategies to address highly complex IT requirements for enterprise clients across the region and globally since 2004.
9/13/2022
Research
전력 사용 효율성(Power Usage Efficiency, PUE)을 물 사용 효율성(Water Usage Efficiency, WUE) 및 탄소 사용 효율성(Carbon Usage Effectiveness, CUE)과 결합시켜 데이터센터의 지속가능성 성과를 보다 종합적으로 측정하는 방법을 알아보세요.
Vivek Dahiya • 9/12/2022
Research
즉각적인 인사이트: 데이터센터의 성공은 지속가능성에 대한 질문으로 이어집니다
데이터센터가 전 세계적으로 번창함에 따라, 지속가능성 및 환경 영향에 대한 질문이 제기되고 있습니다.
Andrew Fray • 11/9/2021