The global data center market is expected to see a huge jump to $317 billion by 2026, a new projection from JLL shows.

The real estate investment firm said that would represent a surge of 107 percent from the 2020 levels, which is when it was valued at $153 billion. By 2025, the market is projected to be worth $274 billion, according to JLL.

There are a few factors leading to JLL's bullish estimates. This includes IT infrastructure for data centers rising. The firm projects that will lead to the global data center market growing at a compound annual growth rate of 9.8 percent over the next half-decade.

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