According to global tech market intelligence provider IDC, organisations are projected to have spent US$235 billion ($321 billion) on AI. This figure is expected to reach over US$630 billion by 2028, representing a CAGR of 30%.
With the outlook for interest rates murky, it may be best to stay with data centres as an investment theme. Global inhabitants continue to consume and produce vast quantities of digital data. According to DigitalReportal, 5.52 billion people were using the internet at the start of October 2024, equivalent to 67.5% of the world’s population. Internet users continue to grow too, with the latest data indicating that the world’s connected population grew by 151 million users in the 12 months to October 2024.
Based on the artificial intelligence (AI) megatrend and the rising number of digital natives, data centre occupancy is likely to remain high despite new supply. AI is required to help sift through the ever-increasing amount of data collected in data centres.
