From AI to Absorption: Office Demand, AI Talent Concentrations, and What it Means for Data Centers
Overall semiconductor market grew 31% from 2020-2022 Long-Term Semiconductor Market Growth Expected
Semiconductor market size worldwide 2020-2030, by application
• By 2030, the leading application within the global semiconductor industry is expected to be servers, data centers and storage. • In 2020, the servers, data center and
1,200
1,000
249
82
800
160
136
600
79 93 93 62
100
149
71 63 73 53
storage market was valued at $76 billion, and it is expected to increase by 227% by 2030.
50 40 51 38 76
400
114
131
124
200
115
117 100
213
150
144
0 Worldwide Market Revenue (in billion USD)
2020
2022
2025*
2030*
Smartphone Automotive
Personal computing Industrial electronics
Consumer electronics
Wired and wireless infrastructure
Servers, data centers, and storage
Note: * denotes forecasted figure
Source: Cushman & Wakefield Research, ASML, 2023
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