OCP based compute and storage infrastructure revenues to enjoy 16.6% CAGR through 2024: IDC

摘要

Despite current pandemic-induced headwinds, global sales of Open Compute Project (OCP) influenced compute and storage infrastructure will see a compound annual growth rate (CAGR) of 16.6% from 2020 through 2024, predicts International Data Corp. (IDC). Worldwide revenues in 2024 will hit $33.8 billion for this space, the market research firm forecasts. IDC expects capital preservation efforts in response to the effects of COVID-19 will temper year-on-year growth in 2020. However, IDC forecasts a rapid return to growth in 2021-2022, assuming an overall economic recovery. That said, IDC admits that such a recovery may be delayed; nevertheless, the analysts expect investments in and by cloud service providers to be the primary catalyst for growth during this period.