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TrendForce: Capex of Top 9 CSPs Expected to Exceed $1.5 Trillion by 2027

TrendForce forecasts that the world’s top 9 cloud service providers (CSPs) will spend more than $957 billion on capex in 2026, up 106% year-over-year, and exceed $1.5 trillion by 2027, up 60%. These 9 CSPs include Google, Amazon, Meta, Microsoft, Oracle, ByteDance, Tencent, Alibaba, and Baidu. TrendForce has revised up its 2027 growth forecast from 50% to 60%, citing rising server prices, component shortages, and suppliers demanding prepayment.

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