Server and storage system revenue is forecast for growth greater than 20%. #pressrelease
December 14, 2023
REDWOOD CITY, Calif. – According to a recently published report by Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, worldwide data center capex is forecast to rebound to 11 percent growth in 2024 as select hyperscale cloud service providers return to an expansion cycle and the spending freeze in the enterprise markets thaws.
Additional highlights from the 3Q 2023 Data Center IT Capex Quarterly Report:
Server and storage system revenue is forecast for growth greater than 20 percent in 2024, while network and physical infrastructure revenues grows single digits.
Dell led all OEMs in server revenue in 3Q 2023, followed by IEI Systems (formerly Inspur) and HPE. White box server vendors gained 8 points of revenue share year-over-year compared to the OEMs.
The hyperscale cloud service providers are forecast to increase their data center capex by 13 percent in 2024.
Read the full press release here.
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