Data Centers & Colocation

Data Centers & Colocation covers the physical and operational infrastructure of the digital economy — the facilities that house computing, storage, and networking, from enterprise colocation and hyperscale campuses to AI-optimized and edge facilities. At roughly $330 billion in data-processing and hosting revenue growing ~16% annually, it is among the fastest-growing and most capital-intensive infrastructure categories, now supercharged by the artificial-intelligence buildout.

Demand is propelled by cloud adoption, data growth, and — above all — the unprecedented AI/GPU compute boom, with hyperscalers (Amazon, Microsoft, Google, Meta) committing hundreds of billions in annual capex. The defining constraints are power (data centers are straining electricity grids) and cooling (driving liquid-cooling innovation). It is one of the most active investment arenas in the economy, drawing infrastructure funds, REITs, and private equity into a global build-out.