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.
The OCP initiative began in 2011 to drive the creation of open technology that would benefit the operators of medium to large (including hyperscale) data centers. IDC lists Facebook, Microsoft, LinkedIn, Alibaba, Baidu, Tencent, and Rackspace as among the major data center players who support the use of OCP standards.
"By opening and sharing the innovations and designs within the community, IDC believes that OCP will be one of the most important indicators of data center infrastructure innovation and development, especially among hyperscalers and cloud service providers," said Sebastian Lagana, research manager, Infrastructure Systems, Platforms and Technologies.
"IDC projects massive growth in the amount of data generated, transmitted, and stored worldwide. Much of this data will flow in and out of the cloud and get stored in hyperscale cloud data centers, thereby driving demand for infrastructure," said Kuba Stolarski, research director, Infrastructure Systems, Platforms and Technologies at IDC.
IDC’s new Worldwide Open Compute Project (Compute and Storage) Infrastructure Forecast, 2020–2024 (Doc #US46344320), the company’s first in this area, offers an overview of the compute and storage infrastructure market based on specifications that are part of the Open Compute Project. This includes OCP Accepted and OCP Inspired hardware. It is based on existing IDC forecasts on servers (compute), external storage systems, and infrastructure software.
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