Study from Omdia shows healthy 2019 performance and strong future predictions

The Open Compute Project (OCP) announced today that an updated study shows its global adoption and impact of OCP-certified gear in the technology industry topped $3.6 billion by non-board members last year, which is a 40% YoY growth. The results also show non-board member adoption is predicted to hit $11.88 billion by 2023.

OCP commissioned Omdia, which was established after the merger by Informa Tech and the acquired IHS Markit technology, to conduct the updated assessment. With the current uptick in network usage due to COVID-19, data centers can use this information to adjust their plans for the future amidst uncertain economic conditions.

Omdia surveyed OCP-certified equipment vendors and end-users on technology demands, shifting compute to the edge, a circular economy, distribution models and more over the previous 12 months.

Here are some of the findings: 

• Vendors of OCP-certified equipment earned revenues of $3.6B selling to non-board member companies, showing an increase of over $1B compared to 2018 for a 40% YoY growth rate.
• 2019 was a “watershed” year where non-board financial revenue became rightsized within the market.
• OCP non-board revenue forecast to hit $5.3B in 2020 and $11.8B by 2023 with a projected compounded annual growth rate (CAGR) of 36%.
• APAC and EMEA will grow to 50% market share by 2023.
• There is a credible path for non-board member revenue to top 5% market share by 2023.
• The finance sector yields to government, gaming, e-commerce and energy as noteworthy contributors to growth in 2019 and are projected to continue to carry future growth.
• Adoption is moving to telco, enterprise and government as high-performance compute (HPC) was cited across several enterprise verticals as an important growth driver.
• Open edge via OCP-certified equipment is getting attention in new verticals such as Energy, Oil & Gas

“These results confirm the increased emphasis on solutions that we have undertaken,” adds Bill Carter, CTO for the Open Compute Project Foundation. “Collaboration with open source software organizations and OCP solution providers is making open hardware easier to adopt and consume. The results also indicate that earlier enabling of a robust product offering and supply chain for edge products is broadening the reach of OCP products into new verticals.” 

“Once again, the market has shown healthy maturation with significant revenue growth,” states Cliff Grossner, Ph.D., Executive Director Research & Technology Fellow at Omdia. “We have seen the early embers of an emerging supply chain with a circular economy, innovations driven by OCP certification and hyperscale operators showing greater importance over the past year.”

The results of the study will be discussed in detail during the OCP 2020 Virtual Summit, taking place  May 12-15th. Join Dr. Grossner and Mr. Vladimir Galabov on Wednesday, May 13th at 1:30 p.m. PST for an in-depth analysis of the findings. Find the Summit’s complete schedule here. Dr. Grossner will also present on Friday, May 15, “Delivering the Open Edge: New opportunities for Collaboration” during the OCP Future Technologies Symposium. The Summit and Symposium are free to attend. Click here to register.