Data center spending to more than double to $2.1 trillion by 2028, BofA says

Bank of America has projected that global data center spending will more than double, reaching $2.1 trillion by the year 2028. The substantial financial growth highlights an accelerating demand for digital infrastructure within the global technology sector.

The forecast underscores the massive capital investments currently flowing into data centers, driven by expanding digital services and technological advancements. This projected surge positions data center development as a critical area of economic expansion over the coming years.