Top Nine Cloud Providers Projected to Spend $830 Billion in 2026

TrendForce Corp. projects that combined capital expenditure from the world's top nine cloud service providers will reach approximately $830 billion in 2026. This represents an annual growth rate of 79%, driven by the urgent demand for AI computing power, high-performance GPU clusters, custom AI accelerators, and high-density data centers.

North American hyperscalers are leading the investment surge. Amazon Web Services is forecast to spend more than $230 billion, while Microsoft projects $190 billion, marking nearly 130 percent year-on-year growth. Google has expanded its spending guidance to between $180 billion and $190 billion, and Meta has revised its target upward to a range of $125 billion to $145 billion.

Chinese providers are also scaling their global footprints. Alibaba Group is expanding its sovereign cloud network across 29 regions and 94 availability zones, specifically targeting Brazil, France, and the Netherlands. ByteDance is aggressively growing overseas operations in the United States, Brazil, and Ireland via TikTok.

To support these workloads, global data center installed power capacity is expected to hit 155 GW by 2026. TrendForce notes that AI servers are projected to surpass general-purpose servers in total electricity consumption.