The US data center market is on track to generate 168.51 billion dollars in revenue in 2026, more than any other country, according to Statista Market Insights. Worldwide, the data center market is forecast to reach 538.91 billion dollars in revenue this year, spanning server, storage and network infrastructure spending by businesses, governments and other enterprise buyers.

Statista projects the global market will grow at an average annual rate of 8.48 percent between 2026 and 2031, reaching 809.59 billion dollars in worldwide revenue by the end of that period. The growth reflects continued enterprise investment in physical infrastructure even as cloud and AI workloads shift more computing to hyperscale and colocation providers.

Pricing data show the effect of that demand on lease rates. The average monthly rental rate for data center capacity in primary US markets climbed past 163 dollars per kilowatt, a sharp rise driven by tightening supply and growing competition for available space. Northern Virginia, the country's largest data center hub, posted a vacancy rate of just 0.8 percent as of the second half of 2023, with more than 1,540 megawatts of capacity under construction at the time to try to keep pace with demand.

Portland and Eastern Oregon, sometimes called the Silicon Forest, has emerged as a significant secondary market, with 542 megawatts under construction as of the same period. Local officials in leading markets have begun reconsidering data center planning processes as construction activity strains land, power and water resources.

Source: Statista - https://www.statista.com/outlook/tmo/data-center/united-states/