"GPUs and generative AI systems lit a fire under the market in 2024, resulting in record growth rates for the industry," said John Dinsdale, a chief analyst at Synergy Research Group.
"It is good to see the enterprise side of the market growing again, though the long-term trend remains," he added. "Ten years ago sales to public cloud providers accounted for just 20% of the market. That rose to 55% in 2024, and our forecast shows it reaching almost 65% five years from now."
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