Overview:
The latest research from Counterpoint’s Cloud Service reveals that Global cloud service providers will grow capex by an estimated 7.8% YoY in 2023. Higher debt costs, enterprise spending cuts and muted cloud revenue growth are impacting infrastructure spend in data centers compared to 2022. The report covers global cloud capex spends, IT equipment spends and AI spends.
Hyperscalers are increasingly focusing on ramping up their AI infrastructure in data centers to cater to the demand for training proprietary AI models, launching native B2C generative AI user applications, and expanding AIaaS (Artificial Intelligence-as-a-Service) product offerings.
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