Synergy Research Group
Technology market research firm specialising in hyperscale data centre capex, capacity counts, and cloud market share.
Last refreshed: 26 April 2026 · Appears in 1 active topic
What does Synergy's data say about where hyperscalers are actually building in 2026?
Timeline for Synergy Research Group
Mentioned in: Cape Town objection hits Equinix sites
Data Centres: Boom and BacklashMentioned in: Hyperscalers post record $110.75bn Q1 capex
Data Centres: Boom and BacklashStargate US: $500B headline, 1.2 GW operational
Data Centres: Boom and BacklashWhat is Synergy Research Group's cloud market share data?
How much did hyperscalers spend on data centres in 2025?
Background
Synergy Research Group is a technology market research firm whose quarterly data centre and cloud market reports are the most-cited primary sources in hyperscaler capex and capacity debates. The firm tracks cloud infrastructure market share, data centre construction activity, and operator capex across Microsoft, Amazon, Google, Meta, and other major players.
Synergy's data underpins the claim that five major tech companies collectively topped $400 billion in capex in 2025 — a figure the IEA restated in its April 2026 electricity report. The firm's quarterly cloud market share reports are the reference point for competitive tracking across AWS, Azure, and Google Cloud.
Synergy is a privately held research boutique, not a public company, but its output is treated as near-primary-source quality in the data centre industry due to its methodological consistency and longitudinal dataset. The firm tracks hyperscale data centre count globally, giving it the most complete picture of how the infrastructure buildout is distributed geographically.