According to Data Bridge Market Research, the data center accelerator market is expected to experience growth during the forecast period of 2022 to 2029. The market is projected to have a Compound Annual Growth Rate (CAGR) of 46.6% during this period.
A data center accelerator is a type of software or hardware that improves the performance of a computer by processing visual data. These accelerators also help meet the growing demand for consumer-centric data and the use of Artificial Intelligence (AI)-based services, which is driving the demand for AI-driven data centers. This, in turn, enhances the overall performance of data centers.
Data Center Accelerator Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
The market for accelerators in artificial intelligence (AI) data centers is expected to grow due to the increasing focus on parallel computing and the growing number of companies offering machine learning services globally. Cloud-based services and the demand for AI in high-performance computing (HPC) data centers, as well as the need to improve application performance and meet consumer-driven data demand, will also contribute to market growth. The development of large-scale public cloud data centers to meet the growing demand for data centers and cloud resources is expected to boost market growth. However, the high cost of accelerators and the shortage of AI hardware experts are expected to restrain market growth. The limited availability of AI hardware experts may also hamper the market's growth during the forecast period.
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Industry Segmentation and Size
The data center accelerator market is segmented on the basis of processor type, type, organization size, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of processor type, the data center accelerator market has been segmented into CPU (central processing unit), GPU (graphics processing unit), FPGA (field-programmable gate array) and ASIC (application-specific integrated circuit).
- On the basis of type, the data center accelerator market has been segmented into high-performance computing accelerator and cloud accelerator.
- On the basis of organization size, the data center accelerator market has been segmented into mid-size data centers and large-size data centers.
- Data center accelerator market has also been segmented on the basis of application into deep learning training, public cloud interface and enterprise interface.
- On the basis of end user, the data center accelerator market has been segmented into telecommunication and IT, healthcare, BFSI, government, energy and others.
Market Country Level Analysis
· The countries covered in the data center accelerator market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
· Some of the major players operating in the data center accelerator market report are NVIDIA Corporation, AVOXI, ABC.xyz.., Clarifai Inc., Intel Corporation, Lattice Semiconductor, MicroSemi, Advanced Micro Devices Inc., Achronix Semiconductor Corporation, Oracle, Xilinx, Algolux, IBM., Ultra Leap, Hewlett Packard Enterprise Development LP, Mad Street Den Inc., Dell Inc., Lenovo, Lattice Semiconductor, Ditto Labs, Fujitsu and Cisco among others.
Data Center Accelerator Market Report Answers the Following Questions:
What is the expected growth rate of the Data Center Accelerator Market during the forecast period?
What are the various factors that are likely to drive the growth of the Data Center Accelerator Market?
What are the major challenges faced by the Data Center Accelerator Market, and how are they being addressed?
Who are the key players operating in the Data Center Accelerator Market, and what are their strategies for growth?
What are the emerging trends in the Data Center Accelerator Market, and how are they expected to shape the market in the coming years?
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