Dell'Oro Group projects global data center capital expenditure will exceed $3 trillion cumulatively by 2030, driven by sustained AI infrastructure buildout. The research firm says AI workloads are the primary engine behind the spending wave, with hyperscalers and cloud providers committing to multi-year capacity expansions. Dell'Oro tracks hardware, power, and facility spending together to arrive at the aggregate figure.
A $3 trillion capex forecast through 2030 sets a concrete scale for the industry's current investment cycle, giving operators, lenders, and suppliers a baseline against which to size commitments. If the forecast proves accurate, the pace of spending implies sustained pressure on power grids, supply chains, and real estate markets for the remainder of the decade.
The $3 trillion figure, the Dell'Oro Group name, and the 2030 horizon triggered selection. This is a forward-looking forecast publication rather than a restatement of an older edition of a tracked recurring report series, so it qualifies for inclusion.