Reported 2 days ago
Global investment in data centers skyrocketed by 51% in 2024, totaling $455 billion, driven largely by the expanding needs of major cloud providers like AWS, Microsoft, and Google. This surge in spending reflects a significant push towards AI infrastructure, with projections suggesting capital expenditures could exceed $1 trillion annually by 2029. Notably, organizations faced increased rental rates for collocation facilities due to constrained market conditions, while smaller cloud and enterprise companies also contributed to substantial hardware and infrastructure investments. Market uncertainties may affect future IT spending.
Source: YAHOO