John Dinsdale highlighted that demand for generative AI has substantially increased datacentre hardware and software spending, with 2024 showing unprecedented growth rates and total sales surpassing $280bn.
Dinsdale noted that while public cloud has driven datacentre investments for over a decade, the leap to a $280bn market in 2024 was unexpected and marked a significant milestone.
Sales to public cloud providers surged by 50% in 2024, showing that they now dominate the market, accounting for 55% of total spending in datacentre hardware and software.
The trends in the datacentre market indicate a robust future, with over 10 years of consistent growth primarily from cloud providers, projected to reach nearly 65% market share in the next five years.
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