AI Infrastructure Race Drives GPUs and Accelerators to $54 Billion in 2Q 2024, According to Dell'Oro Group

　　REDWOOD CITY, Calif., Sept. 18, 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, sales of GPUs and accelerators reached a record $54 billion in 2Q 2024. This growth was driven largely by high demand for GPUs and custom accelerators in the hyperscale cloud market.

　　"Server and storage system component revenues surged 127 percent year-over-year in 2Q 2024, reaching a new peak. This growth was propelled by accelerators, such as GPUs and custom accelerators, HBMs, and Ethernet adapters for generative AI applications," said Baron Fung, Senior Research Director at Dell'Oro Group. "Additionally, memory and storage drive components for non-AI workloads contributed to this growth as prices rose from last year's low. In anticipation of increased server and storage demand later this year, OEMs and cloud service providers replenished inventories," Fung added.

　　Additional highlights from the 2Q 2024 Data Center IT Semiconductors and Components Quarterly Report:

　　The Server and Storage Systems Component market is forecast to increase by over 100 percent in 2024.

　　The Server CPU market is also experiencing a recovery, although growth has lagged that of other component categories.

　　NVIDIA led all vendors in component revenues, followed by Samsung and Intel. NVIDIA accounted for nearly half of the reported component revenues.

　　Strong growth for accelerators is expected to continue into 2025, as NVIDIA's Blackwell platform ships in volume. We also anticipate that custom accelerators and other vendors, such as AMD and Intel, will gain some market share in select segments.

　　Smart NIC and DPU revenues more than doubled in 2Q 2024, driven by strong deployment of network adapters in AI clusters.