Mexico is becoming a data center nexus, driven by nearshoring. The global data center market is projected to hit $116.43 billion by 2027, growing at a 14.6% annual rate. Mexico’s data center investments are expected to exceed $1 billion by 2028, fueled by digital service demand, cloud computing, and the digital transformation of businesses.
The Key Factors for Mexico’s Data Center Appeal are:
- Geographic Advantage: Mexico’s proximity to the U.S. offers logistical benefits. Regions like Querétaro, with lower environmental risks and seismic activity, are prime locations.
- Real Estate Availability: The Bajío region provides ample land and competitive prices for data center development. Querétaro, with 486,000 square meters of industrial space under construction, leads in data center infrastructure.
- Talented Workforce: Jalisco, Guanajuato, and Querétaro boast a skilled labor pool, with high manufacturing employment and a significant percentage of the workforce involved in IMMEX-export activities. Bilingual proficiency is notably high in Querétaro.
- Economic Impact: The data center sector offers higher salaries compared to traditional manufacturing or distribution roles. Technical positions command salaries ranging from $20,000 to $100,000 MXN, depending on the role and English proficiency.
- Security: Querétaro emerges as a secure location for data centers, outperforming other cities in safety assessments.
Mexico’s electrical infrastructure capacity is crucial for sustaining data center growth. Major players like Amazon Web Services, Oracle, Microsoft, and potentially Google, are contributing to Mexico’s technological and economic advancement, positioning the country as a key player in the global digital economy and nearshoring industry.