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Ranked: Top 50 Data Center Markets by Power Consumption

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This graphic highlights the biggest data center markets in the world by electricity consumption.

Top 50 Data Center Markets by Power Consumption

We live in an information-abundant digital world, where data is the new currency, and data centers are the vaults that protect and power it.

The amount of data created each year has skyrocketed from 2 zettabytes in 2010 to 44 zettabytes (44 trillion gigabytes) in 2020. This has surged demand for data storage and processing, leading to the construction of massive data centers around the world.

So, where are the biggest data centers?

In this graphic, Julie Peasley uses 2023 data from Cushman & Wakefield to shed light on the biggest data center markets.

 

 

The Biggest Data Center Markets

Today, it is estimated that there are over 8,000 data centers in the world.

Many of these centers end up clustered together due to beneficial infrastructure and provisions from local governments and utilities. They also need lots of power, often at least 100 MW for each center, making power consumption one of the best ways to measure total market size.

While a majority of these data center markets are in the United States, some of them are scattered across Asia and Europe.

RankData Center MarketCountryCapacity (MW)
1Northern Virginia🇺🇸 United States2,552
2Beijing🇨🇳 China1,799
3London🇬🇧 United Kingdom1,053
4Singapore🇸🇬 Singapore876
5Tokyo🇯🇵 Japan865
6Frankfurt🇩🇪 Germany864
7Shanghai🇨🇳 China725
8Sydney🇦🇺 Australia667
9Dallas🇺🇸 United States654
10Silicon Valley🇺🇸 United States615
11Phoenix🇺🇸 United States615
12Chicago🇺🇸 United States555
13Amsterdam🇳🇱 Netherlands531
14Hong Kong🇭🇰 Hong Kong417
15New York City - Northern New Jersey🇺🇸 United States392
16Paris🇫🇷 France391
17Portland🇺🇸 United States382
18Mumbai🇮🇳 India380
19Atlanta🇺🇸 United States360
20Seoul🇰🇷 South Korea330
21Dublin🇮🇪 Ireland304
22Toronto🇨🇦 Canada267
23Osaka🇯🇵 Japan241
24Los Angeles🇺🇸 United States206
25Salt Lake City🇺🇸 United States203
26Las Vegas🇺🇸 United States173
27Johannesburg🇿🇦 South Africa161
28Querétaro🇲🇽 Mexico150
29Melbourne🇦🇺 Australia149
30Jakarta🇮🇩 Indonesia144
31Montreal🇨🇦 Canada127
32São Paulo🇧🇷 Brazil122
33Madrid🇪🇸 Spain120
34Milan🇮🇹 Italy111
35Zurich🇨🇭 Switzerland111
36Delhi🇮🇳 India110
37Seattle🇺🇸 United States105
38Boston🇺🇸 United States95
39Reykjavík🇮🇸 Iceland88
40Kuala Lumpur🇲🇾 Malaysia87
41Warsaw🇵🇱 Poland86
42Denver🇺🇸 United States78
43Stockholm🇸🇪 Sweden74
44Munich🇩🇪 Germany67
45Santiago🇨🇱 Chile61
46Berlin🇩🇪 Germany60
47Chennai🇮🇳 India57
48Marseille🇫🇷 France50
49Oslo🇳🇴 Norway48
50Columbus🇺🇸 United States41

With nearly 300 data centers, including many AWS servers, the Northern Virginia data center market is the largest in the world. Data centers in the region are estimated to handle more than one-third of global online traffic.

In 2023, Northern Virginia data centers had a combined power consumption capacity of 2,552 MW. That’s four times the capacity of the next closest American markets, Dallas (654 MW) and Silicon Valley (615 MW).

The second-biggest market, Beijing, has a measured capacity of 1,799 MW. Though it is currently the only market with an operational capacity of over 1,000 MW in the Asia Pacific Region, Tokyo (865 MW) appears to be catching up fast.

Europe’s biggest data center clusters are in London (1,053 MW) and Frankfurt (864 MW), largely due to demand from large local enterprises and organizations. It’s no coincidence that they are major hubs for government and commerce—the world’s largest data center markets are near capital cities, as historically, governments (and their militaries) were the first to invest in internet infrastructure.

Future of Data

Data centers will continue growing in scale and expanding into new markets to meet the demands of digitalization.

Already the wider adoption of artificial intelligence has changed where internet data is flowing. And with increasing digital demands, the amount of energy needed to power these centers also increases.

That has increasingly put the spotlight not just on companies and data center markets, but on the energy they’re using. With massive power consumption requirements, efficiency and sustainability become increasingly important, and not every market is prioritizing efficient sources of electricity.

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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Ranked: The 20 Biggest Tech Companies by Market Cap

In total, the 20 biggest tech companies are worth over $20 trillion—nearly 18% of the stock market value globally.

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A portion of the top 20 biggest tech companies visualized as bubbles sized by market cap with Apple as the biggest.

Ranked: The 20 Biggest Tech Companies by Market Cap

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The world’s 20 biggest tech companies are worth over $20 trillion in total. To put this in perspective, this is nearly 18% of the stock market value globally.

This graphic shows which companies top the ranks, using data from Companiesmarketcap.com.

A Closer Look at The Top 20

Market capitalization (market cap) measures what a company is worth by taking the current share price and multiplying it by the number of shares outstanding. Here are the biggest tech companies according to their market cap on June 13, 2024.

RankCompanyCountry/RegionMarket Cap
1AppleU.S.$3.3T
2MicrosoftU.S.$3.3T
3NvidiaU.S.$3.2T
4AlphabetU.S.$2.2T
5AmazonU.S.$1.9T
6MetaU.S.$1.3T
7TSMCTaiwan$897B
8BroadcomU.S.$778B
9TeslaU.S.$582B
10TencentChina$453B
11ASMLNetherlands$415B
12OracleU.S.$384B
13SamsungSouth Korea$379B
14NetflixU.S.$281B
15AMDU.S.$258B
16QualcommU.S.$243B
17SAPGermany$225B
18SalesforceU.S.$222B
19PDD Holdings (owns Pinduoduo)China$212B
20AdobeU.S.$206B

Note: PDD Holdings says its headquarters remain in Shanghai, China, and Ireland is used for legal registration for its overseas business.

 

Apple is the largest tech company at the moment, having competed with Microsoft for the top of the leaderboard for many years. The company saw its market cap soar after announcing its generative AI, Apple Intelligence. Analysts believe people will upgrade their devices over the next few years, since the new features are only available on the iPhone 15 Pro or newer.

Microsoft is in second place in the rankings, partly thanks to enthusiasm for its AI software which is already generating revenue. Rising profits also contributed to the company’s value. For the quarter ended March 31, 2024, Microsoft increased its net income by 20% compared to the same quarter last year.

Nvidia follows closely behind with the third-highest market cap, rising more than eight times higher compared to its value at the start of 2023. The company has recently announced higher profits, introduced a higher dividend, and reported that its next-generation GPU chip will start generating revenue later this year.

AI a Driver of the Biggest Tech Companies

It’s clear from the biggest tech companies that involvement in AI can contribute to investor confidence.

Among S&P 500 companies, AI has certainly become a focus topic. In fact, 199 companies cited the term “AI” during their first quarter earnings calls, the highest on record. The companies who mentioned AI the most were Meta (95 times), Nvidia (86 times), and Microsoft (74 times).

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