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If there is indeed a global recession in the offing, no one has told the top cloud and colocation providers. Global data center construction is booming, as the leading cloud and colocation providers will add an estimated 14 million-square-feet of capacity this year, according to a report by IHS Markit.
In addition, another 4.5 million square-foot of capacity is already in the works for the first half of next year. IHS Markit is currently tracking 135 new data center building and expansion projects that are slated to finish this year.
The growth this year and next year follows on the heels of 52 new building and expansion projects that came online in the second half of last year that accounted for 3.6 million square feet.
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