AI Summary8 Sept 202627 Rabiʻ I 1448 AH
AI Summary
8 Sept 202627 Rabiʻ I 1448 AH
Data centre spending could hit $32 Trillion by 2050
According to a recent report by consultancy group PwC, global spending on data centers is projected to reach $31.6 trillion by 2050. Annual data center capex is expected to rise from about $800 billion this year to $1.1 trillion in 2030 and $1.8 trillion by 2050.
PwC noted that this investment cycle differs from previous infrastructure booms, as spending will continue even after new facilities are built. ICT equipment is projected to account for 93% of total data center capex by 2050, up from 70% today.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
Data centre spending could hit $32 Trillion by 2050
According to a recent report by consultancy group PwC, global spending on data centers is projected to reach $31.6 trillion by 2050. Annual data center capex is expected to rise from about $800 billion this year to $1.1 trillion in 2030 and $1.8 trillion by 2050.
PwC noted that this investment cycle differs from previous infrastructure booms, as spending will continue even after new facilities are built. ICT equipment is projected to account for 93% of total data center capex by 2050, up from 70% today.
Infrastructure
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
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