TMCnet News
AI Server Explosion Drove Accelerator Revenues by 224 Percent in 2023, According to Dell'Oro GroupNVIDIA Led Server and Storage Component Revenues in 2023 REDWOOD CITY, Calif., March 22, 2024 /PRNewswire/ -- 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, strong demand for AI servers drove the revenues for GPU and custom accelerators by 224 percent in 2023. In 2024, in addition to continued growth momentum for AI infrastructure, we expect a broad recovery for the server and storage system component market as some of the hyperscale cloud service providers enter an expansion cycle, and enterprise IT spending gradually unfreezes. "The accelerator market is set to maintain strong growth momentum as the hyperscale cloud service providers deploy next-generation AI infrastructure for larger training models and increasing inferencing demands," stated Baron Fung, Senior Research Director at Dell'Oro Group. "Enterprise adoption of AI applications is rising, driving the need for infrastructure in both public cloud and private data centers. With major product updates every two years, this market demands frequent infrastructure replacements, leading to higher capital investments. Furthermore, the recovery in the general-purpose computing and storage component market is underway after an extended correction. Fourth-generation CPUs from Intel and AMD, expected to ship in high volumes this year, will enable end-users to realize benefits in server efficiency and footprint optimizations. Pricing for commodities such as memory and storage rives will also rise this year, as supplies normalize, and from the deployment of new server architectures," explained Fung. Additional highlights from the 4Q 2023 Data Center IT Semiconductors and Components Quarterly Report:
About the Report About Dell'Oro Group View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-server-explosion-drove-accelerator-revenues-by-224-percent-in-2023-according-to-delloro-group-302096624.html SOURCE Dell'Oro Group |