According to Deloitte’s digital transformation survey, data centers are the fastest-growing asset after the COVID outbreak. The industry is expected to grow its capacity two to three times over the next few years.
According to Deloitte’s survey:
- 88% of respondents expect an increasing demand for real estate space for data centers. Indeed, the report shows a bloom of investments in building centers of 10 million square feet.
- 56% of respondents anticipate a massive growth for data centers, and 90% expect an increased government focus on developing data centers.
- The survey recorded a 27% year-on-year drop in new office space in the top seven cities. For example, the average reduction in demand in Mumbai stood at 27 %, New Delhi at 23%, Pune at 18%, and Hyderabad at 17%.
In addition, the report on the data centers highlighted:
- Hybrid working models are a growing trend for employees and employers alike, rotating the workforce to optimize the office space. As a result, 54% of employees agreed on hybrid models or work in a co-working space after the pandemic.
- Managers aim to develop satellite offices according to the pandemic restrictions, as for 96% of respondents, the primary concern is office sanitation to work safely.
- 48% of respondents also expect growth of co-working spaces of over $900 million by 2023. And 50% see an increase of 10% in the upcoming 3-4 years.
As Deloitte’s survey illustrates, data centers are the fastest-growing field post-pandemic. As a result, employers and employees transform their workflow, opting for hybrid models and co-working spaces.