With 24.7% CAGR, Data Center Accelerator Market Growth to Surpass USD 64.0 billion

The Data Center Accelerator market size is estimated to be USD 21.2 billion in 2022 and projected to reach USD 64.0 billion by 2027, at a CAGR of 24.7% during the forecast period.
The market is driven by factors such as the expansion of the cloud-based services market, rising focus on parallel computing in AI data centers, an increase in the demand for deep learning technologies in big data analytics, and growing demand for data center accelerators in enterprises.

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The Cloud Data Center segment led the market in 2021 as well as in the forecast period owing to the large demand for cloud data centers through a third party, attributed to lesser accountability towards the management of the physical infrastructure of the data centers. With lesser maintenance of data centers due to the shift of data centers towards cloud-based services and data centers, the share of cloud data centers in the market would be higher throughout the forecast period, i.e., 2022-2027.

GPUs, i.e., the Graphic Processing Units, hold the larger market share in the year 2021, owing to the increased need and demand for graphics, gaming, and entertainment. With the increased popularity of gaming and increased use of graphics in every other field, the market share for GPUs was dominant in terms of the types of processor types in the data center accelerator market. The greater market share of the GPU segment can be attributed to high-performance computing, self-driven cars, and other high-end AI applications and gaming.

The market for deep learning training segment for the application segment held the largest market (around 90%) of the overall market in 2021, and the trend is expected to continue during the forecast period. The growth of the deep learning training segment can be attributed to the rising demand for pattern recognition, optical character recognition, code recognition, facial recognition, object recognition, and digital image processing.

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Based on geography, the Data Center Accelerator market has been divided into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Since most of the leading players of the data center accelerator market, such as Intel Corporation, NVIDIA Corporation, Micron Technologies, Inc., Advanced Micro Devices, Inc, Qualcomm Technologies, Inc., IBM Corporation, Google, Dell Inc., etc., are based in North America, more specifically, in the US, due to which high technological advancements or developments are bound to happen in this region. Hence, North America holds the largest market share in the data center accelerator market in terms of region.

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This release was published on openPR.