2026 Neocloud & AI Infrastructure Report

Internet infrastructure has always been a CapEx-intensive business with various elements that need to be assembled to create a successful operating service provider or platform. The inherent complexity of infrastructure services has helped seed a complex ecosystem across hardware, software, technology, services, communications infrastructure, construction, strategic advisory, finance, energy and real estate. Hyperscale cloud raised the bar for all the ecosystem participants and AI is threatening to take things to the next level. Actually, it is fair to say things are well underway. The rise of neoclouds and demand for capacity to house GPU-based infrastructure is propelling demand and growth across the sector. It is the start of a new wave of infrastructure development that will shape the direction of the sector for the rest of the decade and beyond.

This complimentary landscape report provides an outline of the infrastructure service providers, hyperscale platforms, end users and off-takers that are driving the generational task of building and scaling AI-oriented hyperscale infrastructure. Bringing the strategic elements and the expanding AI and hyperscale ecosystem together in one setting is the driving force behind infra / STRUCTURE, an executive summit Structure Research founded in 2018. We held the sixth edition last year in Las Vegas, Nevada (our second in Las Vegas) and this will be the summit’s new permanent home after a four-year run in Toronto, Canada.