Data Report

Most operators plan to spend more on rising demand

Data center organizations continue to plan for greater spending in 2024, compared with 2023. This is driven primarily by capacity expansion, which is needed to meet rising demand. A greater number of colocation operators than enterprises expect budgets to increase — and a growing number report sustainability and efficiency as the main cause. However, higher costs for power and labor, ongoing supply chain challenges and market dynamics around IT hardware add uncertainty to spending strategies.

The Uptime Institute Data Center and IT Spending Survey 2023 asked data center owners and operators about how these factors have shaped their organization’s financial planning decisions.

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