Global Data Center Spending Expected to More Than Double by 2028, Driven by AI
Global data center spending is projected to reach $1 trillion by 2026 and more than double to $2.1 trillion by 2028, driven largely by AI service demand, according to BofA Global Research. The market, valued at $275 billion in 2022, could grow to $2.93 trillion by 2030 with a 37% compound annual growth rate from 2025 to 2030. Construction costs average $49 million per megawatt, with IT expenses comprising 78% of total spending. Servers are the most expensive component, followed by networking, while other infrastructure costs range from $100,000 to $1.1 million per megawatt.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is positive (69/100). Lens Score 35/100.
Outlets measured: economictimes, economictimes. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (68–70/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
economictimes broke this story on 23 Oct, 03:26 pm. Other outlets followed.