Cloud infrastructure spend jumps 29% to $110.9B; 2026 capex tops $200B
TechTarget’s research unit reports global cloud infrastructure spending reached $110.9 billion in Q4 2025, rising 29% year on year and marking a sixth consecutive quarter above 20% growth. Hyperscalers plan to invest over $200 billion in 2026 capex, potentially boosting demand for TechTarget’s advisory services.
1. Q4 2025 Cloud Spending Surge
TechTarget’s research unit reports global cloud infrastructure spending reached $110.9 billion in Q4 2025, rising 29% year on year and marking six consecutive quarters of over 20% growth as enterprises shift AI into production.
2. Hyperscaler Capital Expenditure Plans
AWS targets over $200 billion in 2026 capex, more than 50% above its 2025 level; Microsoft’s quarterly capex reached $37.5 billion, up nearly $15 billion year on year; Google raised its 2026 guidance to $175–185 billion, doubling prior-year investment.
3. Implications for TechTarget
Sustained hyperscaler investment in AI infrastructure is expected to drive demand for market analysis and advisory services, bolstering TechTarget’s subscription renewals and consulting engagements.
4. 2026 Growth Outlook
Cloud infrastructure spending is forecast to increase 27% in 2026, with competition focusing on infrastructure scale, capital efficiency, and AI agent deployment capabilities, shaping vendor differentiation.