Worldwide IT spending is expected to surpass $5 trillion in 2024, a 7.5% increase over 2023. Gartner's forecast reflects 'ravenous demand' for data center infrastructure.| Network World
Soaring demand for AI data centers has ushered in a new area of growth. We explore these new opportunities for companies and investors across the value chain.| McKinsey & Company
"While recent developments like DeepSeek have highlighted concerns over the sustainability of recent expenditures, the cloud service providers are undergoing a multi-year capex cycle to support larger LLMs and expand AI services, broadening use cases..." said Baron Fung, Senior Research Director at Dell’Oro Group.| Dell'Oro Group
We are now predicting Data Center Physical Infrastructure market revenues to increase at a 14 percent CAGR from 2024 to 2029, learn more| Dell'Oro Group
AI infrastructure spending will maintain its strong growth momentum despite ongoing sustainability efforts. Read more| Dell'Oro Group
The new gen AI model’s explosion on the scene is likely to amp up competition in the market, drive innovation, reduce costs and make gen AI initiatives more affordable. It’s also a metaphor for increasing disruption. Maybe it’s time for CIOs to reassess their AI strategies.| CIO