US data centre spending seen more than doubling to $2.1 trillion by 2028, estimates BoFA

US data centre spending is expected to more than double to $2.1 trillion by 2028, according to an estimate from BofA.

Spending outlook

The estimate points to a sharp increase in spending on data centres in the United States over the period ending in 2028. BofA’s projection places total spending at $2.1 trillion by that year.

The available estimate does not provide further details on the current spending level, the factors behind the projected increase or its expected impact on individual companies and markets.

What the estimate shows

• US data centre spending is projected to more than double.
• Total spending is estimated to reach $2.1 trillion by 2028.
• The projection was attributed to BofA.

The estimate highlights the scale of expected spending in the US data centre sector through 2028.