Datacenter Infrastructure Spending Is Up, And Forecasts Are Even Higher by TPM
The Next Platform, Monday, October 7th, 2024
The AI boom is going sonic, and it looks like we had all better cover our ears if we want to be able to hear by the end of the holiday season if the prognostications of the box counters at IDC are correct.
IDC has juts tallied up datacenter spending for compute and storage for the entire world and then diced and sliced it across industry sectors and whether or not the buyer of this gear is deploying it in a cloud for resale or for internal use or buying more traditional so-called non-cloud systems for back office and basic infrastructure services like Web, application, and database services. We think it is very hard to try to draw these lines, but we do like taking a hard look at this IDC dataset to try to figure out if the non-AI portion of the market is in recession.
Spoiler alert! It sure looks like it for five of the six past quarters, including the second quarter of 2024.