[Press Release] Due to AI demand, revenue for server and storage components in 2024 reaches a record high of $244 billion - Dell'Oro Group survey.

According to a press release from Deloro Group, a research company specializing in the U.S. telecommunications equipment market, the revenue from server and storage components reached a record high of $244 billion in 2024 due to AI demand. Data Resources Inc. has started handling the latest report titled "Quarterly Report on Semiconductors and Components for Data Center IT."
March 20, 2025 | Press Release (excerpt)
Revenue from server and storage components reached a record high of $244 billion in 2024 due to AI demand
Storage for AI workloads, GPUs, custom accelerators, and HBM drive growth
According to the latest report, this growth was primarily driven by GPUs, custom accelerators, high-bandwidth memory (HBM), and storage solutions customized for AI workloads. Additionally, the demand for memory and storage in the general server market has robustly recovered throughout the year, accompanied by price improvements.
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Data resources are authorized distributors of the DellOro Group.