VIDEO: The rise of data centres in 2021.

The surge in businesses adopting cloud-based operations due to the pandemic is driving demand for data centres around Australia which has a flow on effect in boosting the domestic property market.

According to global real estate services firm JLL Australia?s total GDP is more than 1.88 trillion dollars, and with a contribution of 5.1% from the digital economy, the country?s data centre industry is thriving.

Motor Intelligence anticipates the data centre market to register a compound annual growth rate of 4.5% between 2021 and 2026.

The pandemic has accelerated the adoption of e-commerce and fintech businesses operating in the cloud.

The storage of increasing data requirements has highlighted the need for increased digital infrastructure.