- 53%
- Accuracy
- 19 of 41
- Analyst ranking
- 5
- Predictions scored
- 13
- Still to fall due
Right · 100%Looking at pending deals and the future pipeline, there is plenty of evidence to suggest that 2025 will be another boom year for data center M&A.
What happened. S&P Global Market Intelligence counted 113 completed data centre deals in 2025 worth more than $69bn, a record about $8bn above the previous annual high. The year also saw the largest data centre deal ever announced (Aligned, $40bn). On independent data, 2025 set a new record for data centre M&A value, which plainly meets 'another boom year'. Sources: datacentres.com, spglobal.com.
Source: It's Official - Data Center M&A Deals Broke All Records in 2024 (Synergy Research Group) · '2025'
Wrong · 0%after a relative lull in 2023, data center-oriented M&A deals in 2024 are once again poised to pass the $40 billion milestone.
What happened. Synergy put closed 2024 data centre M&A at $73bn, including the AirTrunk deal. S&P Global's separate count gives a 2024 record of about $61bn, implied by its 2025 total being about $8bn above the previous record. Both are well above $40bn. 'Pass the $40 billion milestone' is scored as a point forecast of $40bn. Synergy's first published 2024 total (January 2025) was $73bn, 45% away; S&P's independent figure of about $61bn is also more than 25% away. Under the level bands 25% or more either way is Wrong, and direction earns nothing. Sources: srgresearch.com, datacentres.com.
Source: Data Center M&A Deals on the Rise Again, Heading Towards Record Levels (Synergy Research Group) · 'in 2024'
Half right · 50%With a current known pipeline of 314 future new hyperscale data centers, the installed base of operational data centers will pass the 1,000 mark in three years' time
What happened. Synergy counted 992 hyperscale data centres at the end of 2023 and said the count passed 1,000 in early 2024. It reached 1,136 by the end of 2024, ahead of the March 2025 deadline. 'Pass the 1,000 mark' is scored as a point forecast of 1,000. Synergy's first published count at the end of 2024 (March 2025, at the deadline) was 1,136, 12.0% above the forecast: outside 10%, inside the 15% Half right band. Sources: srgresearch.com, srgresearch.com.
Source: Pipeline of Over 300 New Hyperscale Data Centers Drives Healthy Growth Forecasts (Synergy Research Group) · 'in three years' time' from 23 Mar 2022
Caveat. No independent evidence available. Scored on Synergy Research Group’s own figures.
Wrong · 0%the CoreSite acquisition is expected to officially close before the year end putting the 2021 deal value at least 16% ahead of last year.
What happened. Synergy's earliest full-year figure found (June 2022 release): 209 deals worth $48bn closed in 2021, up from $34bn in 2020, about 41% growth. Synergy later revised this to 216 deals worth over $49bn (October 2022), 42% above 2020. American Tower's CoreSite acquisition closed at the end of December 2021. 'At least 16% ahead' is a growth-rate threshold, scored as a point forecast of 16%. The first published actual was about 41%, a miss of about 25 points, past the 10-point band. Sources: srgresearch.com.
Source: As Two of the Top Four US Data Center Operators are Acquired, M&A Pushes Towards New Heights (Synergy Research Group) · 'before the year end'
Caveat. No independent evidence available. Scored on Synergy Research Group’s own figures.
Mostly right · 75%Cloud-associated markets are growing at rates ranging from 15% to over 40% per year and our forecasts show that annual spending on cloud services will double in under four years.
What happened. Synergy: cloud infrastructure services revenue in the 12 months to Q3 2025 was $390bn, against $178bn in 2021 (2x = $356bn); full-year 2025 later came in at $419bn. 'Double' is scored as a point forecast of 2x the baseline. On the cleanly measured infrastructure segment, 2x the 2021 level is $356bn against a first-published 2025 actual of $419bn, 15.04% away: just outside the 15% Half right band, so Mostly wrong (5/10/15/25% level bands). The combined services estimate (about $600bn forecast against roughly $700-730bn) is also 15-18% away. Sources: srgresearch.com, srgresearch.com, srgresearch.com.
Source: 2021 First Half Review - Cloud Ecosystem Revenues Leap 25% to $235 Billion (Synergy Research Group) · 'in under four years' from 12 Oct 2021
Caveat. No independent evidence available. Scored on Synergy Research Group’s own figures.
Still to fall due13 predictions
- Dec 2030
By late 2030, we now project that worldwide quarterly revenues from these services will pass the trillion-dollar mark.
Infrastructure & Telecoms · made Oct 2026 · source - Jul 2029
its latest data shows that the total capacity of U.S. data centers will double in the next three years, driven by aggressive build-out of hyperscale operators' owned data centers
Infrastructure & Telecoms · made Jul 2026 · source - Dec 2031
Looking ahead to 2031, hyperscale operators will account for 67% of all capacity, while on-premise will drop to just 19%.
Infrastructure & Telecoms · made Apr 2026 · source - Dec 2028
The firm now expects total hyperscale data center capacity to double in just over twelve quarters
Infrastructure & Telecoms · made Dec 2025 · source - Jul 2030
cloud revenues are still growing by around 25% per year, and we are forecasting that average annual growth over the next five years will remain above 20%
Infrastructure & Telecoms · made Jul 2025 · source - Mar 2030
five years from now the largest markets will still be Northern Virginia, Beijing, Shanghai, London, Frankfurt and Singapore.
Infrastructure & Telecoms · made Mar 2025 · source - Dec 2030
The overall result is that the total capacity of all operational hyperscale data centers will grow almost threefold by 2030.
Infrastructure & Telecoms · made Jan 2025 · source - Dec 2029
Ten years ago sales to public cloud providers accounted for just 20% of the market. That rose to 55% in 2024, and our forecast shows it reaching almost 65% five years from now.
Infrastructure & Telecoms · made Jan 2025 · source - Dec 2029
Looking ahead to 2029, hyperscale operators will account for over 60% of all capacity, while on-premise will drop to just 20%.
Infrastructure & Telecoms · made Aug 2024 · source - Apr 2028
In terms of annualized run rate we now have a $300 billion market which is growing at 21% per year... We are forecasting that it will double in size over the next four years.
Infrastructure & Telecoms · made Apr 2024 · source - Apr 2028
Looking ahead Synergy forecasts that total hyperscale data center capacity will double again in the next four years.
Infrastructure & Telecoms · made Apr 2024 · source - Mar 2027
We forecast that these trends will continue over the next five years, with double-digit annual growth in sales to cloud providers helping to offset a somewhat flat enterprise market.
Infrastructure & Telecoms · made Mar 2022 · source - Dec 2026
we forecast that by the end of 2026 there will be an installed base of nearly 1,200 hyperscale data centres around the world
Infrastructure & Telecoms · made Mar 2022 · source