Press release
Data Center Accelerator Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Intel Corporation, Fujitsu Limited, Advanced Micro Devices Inc., Achronix Semiconductor Corporation
Data Center Accelerator Market Size
The Business Research Company offers in-depth market insights through Data Center Accelerator Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The data center accelerator market size has grown exponentially in recent years. It will grow from $19.39 billion in 2023 to $26.85 billion in 2024 at a compound annual growth rate (CAGR) of 38.5%. The growth in the historic period can be attributed to increasing data processing demands, demand for energy efficiency, deep learning adoption, data center consolidation, .
The data center accelerator market size is expected to see exponential growth in the next few years. It will grow to $100.93 billion in 2028 at a compound annual growth rate (CAGR) of 39.2%. The growth in the forecast period can be attributed to customization and scalability, enhanced security requirements, demand for low-power accelerators, real-time analytics requirements, security acceleration solutions. Major trends in the forecast period include growing use of graphics processing units (gpus), expansion of high-performance computing (hpc) applications, integration with cloud services, collaboration for standardization,edge computing acceleration.
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Market Segmentation:
The data center accelerator market covered in this report is segmented -
1) By Processor Type: CPU (Central Processing Unit), GPU (Graphics Processing Unit), FPGA (Field-Programmable Gate Array), ASIC (Application-specific Integrated Circuit)
2) By Type: HPC Accelarator, Cloud Accelerator
3) By Application: Deep Learning, Public Cloud Interface, Enterprise Interface
4) By End-User: Telecommunication &IT, Healthcare, BFSI, Government, Energy, Other End Users
Major Driver - Rising Demand For Cloud-Based Services Fuels Data Center Accelerator Market Growth
The surge in the demand for cloud-based services is expected to propel the growth of the data center accelerator market going forward. Cloud-based services refer to the services that are provided over the internet or by dedicated networks, which help in providing on-demand services and are also used for payment. Cloud-based services increase operational efficiency, and many firms have begun to use cloud infrastructure to improve their operations. By using cloud servers, more data can be stored and you can have easy access to that data. As a result of the growing demand for cloud-based services, the market for data center accelerators will grow. For instance, according to ZDNet, a US-based business technology news website, demand for cloud computing has boosted IBM's sales to their highest level in ten years. In addition, IBM's hybrid-cloud revenue jumped 16% to $6.2 billion in the fourth quarter of 2021, which increased 19% during that quarter. Therefore, the surge in demand for cloud-based services is driving the data center accelerator market growth.
Competitive Landscape:
Major companies operating in the data center accelerator market report are Intel Corporation, Fujitsu Limited, Advanced Micro Devices Inc., Achronix Semiconductor Corporation, Xilinx Inc., Google LLC, International Business Machines Corporation, Semptian Co. Ltd, Micron Technology Inc., Advantech Co. Ltd., Hewlett-Packard Development Company, Cisco Systems Inc., NEC Corporation, Lenovo Group Limited, NVIDIA Corporation, Mellanox Technologies, SambaNova Systems Inc, Habana Labs Ltd., Groq Inc., Cerebras Systems Inc., Graphcore Ltd., BrainChip Holdings Ltd., Wave Computing Inc., Flex Logix Technologies Inc., Ampere Computing LLC, Hailo Technologies Ltd., Lightmatter Inc., Esperanto Technologies Inc., XtremeData Inc., Blaize Inc., Quadric Inc, GreenWaves Technologies SAS, Xelera Technologies GmbH, Mythic Inc., Silexica GmbH, Tensor Networks Inc.
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Top Trend - Strategic Partnerships Drive Co-Development Of Data Center Accelerator Chips For Enhanced Performance
Major companies operating in the data center accelerator market are adopting strategic partnerships to co-develop data center accelerator chips to drive their revenues in the market. These strategic collaborations are used to jointly launch advanced solutions, such as co-designed chips, intended to improve data center performance. For instance, in October 2022, Intel Corporation, a US-based semiconductor corporation, partnered with Google LLC, a US-based technology corporation, to jointly launch the E2000 chip, a co-designed chip to improve data center performance. E2000 is an infrastructure processing unit (IPU), which frees up the CPU to conduct computation by handling network processing activities. It also provides an additional layer of protection between various cloud service users by encrypting data. It is included in Google's latest virtual machine product, C3 VM, which is driven by Intel's fourth-generation Xeon CPUs.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Center Accelerator Market Characteristics
3. Data Center Accelerator Market Trends And Strategies
4. Data Center Accelerator Market - Macro Economic Scenario
5. Data Center Accelerator Market Size And Growth
…..
27. Data Center Accelerator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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