Data Center Storage Systems Revenue Shows Signs Of Recovery For 2024
Data Center Knowledge, Wednesday, March 20th, 2024
Data center storage revenues rose by more than 10% in the fourth quarter of 2023, according to a new report from Omdia.
Data from Omdia's latest data center storage revenue tracking has revealed that data center storage external systems decreased 12.5% year-over-year (YoY) to $14.4 billion but increased 11.9% quarter-over-quarter (QoQ) in the fourth quarter of 2023. In Q4 2023, data center storage revenues showed signs of recovery, as original design manufacturer (ODM) storage revenue drops leveled off and brand storage improved against historically high vendor revenues from the previous year.