Market research and analysis firm Omdia (formed by a merger of assets between Informa and IHS Markit; see “IHS Markit swaps group that researches optical communications for Informa’s agribusiness unit”) expects capex spending by cloud and colocation providers to reach $125 billion by 2023. This would represent a 9.8% compound annual growth rate (CAGR) from 2019, when worldwide capex came in at $82 billion, Omdia states in its newly available Cloud and Colocation Data Center Capex Market Tracker.