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But New York had a total data center capacity of just 292 MW in 2022, a figure expected to rise to just 540 MW by 2029, according to an analysis of New York data center market size and share by Mordor Intelligence. Replacing older servers, storage, and networking equipment with more energy-efficient models can reduce IT energy consumption.
By 2029, 10% of global boards will use AI guidance to challenge executive decisions that are material to their business. By 2027, 70% of new contracts for employees will include licensing and fair usage clauses for AI representations of their personas.
Theres still enough spending by enterprises on servers, licensed software, and the skill sets they need to maintain and operate the environment that currently exists. By 2029, the hyperscalers will account for more than 60% of total data center capacity, while on-premises capacity will sink to only 20%.
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