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Worldwide data center capex to grow at a 24% CAGR by 2028. #pressrelease
August 1, 2024
According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, we revised our data center capex forecast upward to a 24 percent compound annual growth rate (CAGR) by 2028 as a result of surging demand in AI-related data center infrastructure.
Additional highlights from the Data Center IT Capex 5-Year July 2024 Forecast Report:
Worldwide server revenue is forecast to reach nearly $0.5 trillion by 2028.
Accelerated servers may account for more than half of the total server revenues by 2028.
Top 4 US-based Cloud SPs—Amazon, Google, Meta, and Microsoft—will account for half of global data center capex as early as 2026.
Read the full press release here.
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