“We see a massive opportunity ahead with the data center TAM expected to grow from $21 billion last year to $75 billion in calendar 2028, a 29% CAGR — with custom accelerated compute growing from approximately $7 billion in calendar 2023 to over $40 billion in calendar 2028, a 45% CAGR.”
Chairman, President and CEO, Marvell Technology
Said May 30, 2024Deadline Dec 31, 2028Marvell Q1 FY2025 earnings call, May 30, 2024 (restating the April 2024 'Accelerated Infrastructure for the AI Era' investor event forecast)
Marvell itself raised this data center TAM estimate to $94 billion for 2028 at its June 2025 custom AI investor event; the 2028 outcome is not yet knowable.