The growth of cloud and mobile applications, connected devices, data analytics and global connectivity have radically changed the IT landscape, having a profound impact on the businesses driving it. These businesses are experiencing an explosion of data causing an immense consumption of IT infrastructure and creating companies with data and compute needs far outpacing traditional enterprises.
Demand for hyperscale capacity is growing rapidly with recent industry research forecasting the Hyperscale Data Center market growing from $86.97 million in 2016 to $359.7 billion in 2023. The IoT and the growth of cloud and compute-hungry applications such social media platforms, mega-scale online retailing, and artificial intelligence applications are driving demand for compute capacity to unprecedented levels. (source: Hyperscale Data Centers: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023. Published by ReportsNReports, January 2017)QTS is uniquely positioned to capitalize on this trend and meet the needs of a dynamic market.