Worldwide Data Center Capex to Grow 6 Percent CAGR by 2024

Data center capex is forecasted to grow at a 6% CAGR to just over $200 B over the next five years. However growth is forecasted to be mixed depending on the customer segment. The Cloud, which already accounts for more than 60% of the worldwide data center capex, will continue to gain momentum over Enterprise/On-premise data center deployments. Edge data centers deployed over Telco networks could emerge in the longer-term horizon.