Massive movement of data from private corporate servers to cloud-based solutions and a growing corporate thirst for Internet of Things (IoT) initiatives are pushing corporate demand for data center storage. The result could be that some major cloud providers will have to triple their infrastructure by 2020.
That is one of the findings of the new report, Data Center Outlook from JLL. Still, the report also notes that while data center demand is strong, industry growth could be tempered by external risks such as foreign currency exchange fluctuations, rising interest rates, merger and acquisition disruptions, and policy shifts.
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