• Hyperscalers, neoclouds and sovereign AI enter a new phase of infrastructure expansion

Redwood City, California – According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data center industries, worldwide data center capital capex is forecast to maintain growth momentum and surpass $3 trillion by 2030. High-end accelerators powering accelerated servers optimized for AI are expected to represent the largest share of data center capex and remain the primary driver of capex growth over the forecast period.

"Our 2030 data center capex outlook has nearly doubled since the January 2026 forecast, reflecting higher hyperscale capex guidance, increased projections for global data center power capacity, and higher commodity costs," said Baron Fung, Vice President of Research at Dell'Oro Group. "High-end accelerators powering AI-optimized servers are expected to account for the largest share of data center capex and remain the primary driver of growth over the forecast period.

"However, the pace of growth will depend on the sustainability of investment, power availability, and supply chain conditions. Accelerated and heterogeneous computing, along with innovations in server efficiency, could help mitigate the rising cost and infrastructure demands of AI. The Top 4 US hyperscalers alone could represent about half of global capex, while enterprise investment remains constrained by uncertain AI returns," according to Fung.

Additional highlights from the Data Center IT Capex 5-Year July 2026 Forecast Report:

• High-end accelerators are expected to account for the largest share of data center capex and remain the primary driver of spending growth through 2030.
• General-purpose server demand is expected to benefit from growing inference, agentic AI, and storage workloads, broadening infrastructure growth beyond accelerated computing.
• The newly added AI-specialized cloud segment, comprising AI model builders and neocloud service providers, is projected to grow at nearly a 60 percent CAGR, outpacing the growth of other customer segments.

About the Report
The Dell'Oro Group's Data Center IT Capex 5-Year Forecast Report offers a complete overview of the market with historical data from 2014 to the present. The forecasts provide a comprehensive overview of market and technology trends and include tables covering data center and server capex and server unit shipments forecasts for Top 4 US Cloud, Top 3 China Cloud, other major cloud, AI Model Builders & Neocloud, Rest-of-Cloud, Colocation, Telco, and Enterprise customer segments. The report also breaks out markets for data center infrastructure equipment, along with server, storage system, network infrastructure, physical infrastructure, and other data center equipment revenues sub-segments. To purchase this report, please contact us at [email protected].