Surging orders drove DCPI vendor backlogs higher, again. #pressrelease
September 12, 2024
According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, Data Center Physical Infrastructure (DCPI) revenue growth accelerated for the first time in five quarters in 2Q 2024, as physical infrastructure deployments to support accelerated computing workloads began to materialize stronger than expected.
Additional highlights from the 2Q 2024 Data Center Physical Infrastructure Quarterly Report:
Eaton, Modine, and Mitsubishi Electric led all vendors in market share gains, while Huawei and Vertiv lost share.
Revenue growth occurred in all regions, but North America paced growth with a notably higher rate than other regions, despite a strong base of comparison. Asia Pacific excluding China also grew at a double-digit rate.
Growth accelerated across all market segments, in part because of tough year-over-year comparisons starting to wane. Digestion of thermal management and rack power distribution infrastructure abated as those segments returned to double-digit growth rates. Facility power distribution grew at the fastest rate of any market segment for the third quarter in a row.
Looking ahead, we forecast further acceleration in revenue growth for the second half of 2024, driven by the construction of new cloud and colocation service provider capacity as physical infrastructure deployments to support accelerated computing workloads increase.
Read the full press release here.
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