Data Center Accelerator Market Size, Share Growth Status, Emerging Technology, Key Players, Industry Challenges, and Forecast till 2030 | Qualcomm Technologies Inc., Intel Corporation

Data center accelerators are specialized processors designed to improve performance for specific tasks in data centers. They help accelerate artificial intelligence and machine learning workloads.

Market Dynamics:

The data center accelerator market is expected to witness significant growth over the forecast period owing to the increasing deployment of artificial intelligence and machine learning technologies across various industries. With growing adoption of IoT devices and rise in data volumes, data centers are investing in accelerators to boost processing capabilities. In addition, growing cloud computing and big data analytics is also driving the demand for accelerators to handle complex workloads more efficiently. Advancements in AI chips and increasing investments by market players to develop novel accelerators specifically designed for AI/ML workloads will further contribute to the market growth during the forecast period.

The global data center accelerator market size was valued at USD 33541.7 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 22.8% from 2022 to 2030.

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Data Center Accelerator Market Drivers

Increasing Deployment of AI and Machine Learning Workloads is Fueling the Demand for Data Center Accelerators

With the rise of AI and machine learning, computing needs have increased exponentially. Data center accelerators help run computationally intensive workloads like AI/ML, data analytics, database applications more efficiently. They offload specific tasks from CPU to boost performance and reduce power usage. As enterprises continue investing in AI solutions for various functions like customer service, fraud detection, productivity etc., demand for accelerators will grow significantly to support these advanced workloads.

Surge in Data Center Consolidation Initiatives is Driving More Adoption of Performance Boosting Accelerators

With growing digital transformation, the volume of data being generated every day is enormous. This is prompting many organizations to consolidate their multiple data centers into larger, centralized facilities to improve efficiency. However, consolidating workloads from several facilities onto a single data center requires high-performance infrastructure. Data center accelerators play a vital role here by boosting computing capabilities and helping efficiently run larger, consolidated workloads on the same hardware footprint. This growing consolidation trend will sustain the market expansion of data center accelerators.

Top Key Players:

Qualcomm Technologies Inc., Intel Corporation, Cisco Systems Inc., NVIDIA Corporation, IBM Corporation, Advanced Micro Devices Inc., Dell Technologies Inc., Achronix Semiconductor Corporation, NEC Corporation, and Xilinx Inc.

Detailed Segmentation:

Global Data Center Accelerator Market, By Processor Type
CPU
GPU
FPGA
ASIC

Global Data Center Accelerator Market, By Application
High Performance Computing Accelerator
Artificial Intelligence
Other Applications

Regional Analysis:

⁃ North America: United States, Canada, and Mexico

⁃ South & Central America: Argentina, Chile, Brazil and Others

⁃ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

⁃ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

⁃ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

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Data Center Accelerator Market Restrain

High Initial Investment Cost Remains a Major Purchase Barrier

While data center accelerators deliver outstanding performance and cost benefits compared to CPU-only systems in the long run, their upfront investment cost remains on the higher side. This deters many smaller enterprises and organizations working on tighter budgets from adopting these solutions. Furthermore, frequent technology obsolescence also compels frequent upgrades, adding to the total cost of ownership. The high initial capital outlay continues to be a significant adoption roadblock, especially for cost-sensitive customers and markets. This can negatively impact the revenue growth of data center accelerator vendors.

Data Center Accelerator Market Opportunity

Rise of Edge Computing Presents New Prospects

With increasing decentralization of workloads, edge computing is emerging as the next big trend after cloud and fog computing. By moving computing closer to the endpoint devices, edge delivers lower latency and better user experience. Edge data centers play a crucial role in this architecture. However, processing huge volumes of IoT and sensor data at the edge requires high performance. This widens the scope for deploying data center accelerators even at remote edge locations to boost real-time analytics and decision making capabilities. Edge, therefore, opens up a highly promising new avenue of growth for the data center accelerator industry.

Data Center Accelerator Market Trends

Growing Adoption of FPGA-based Reconfigurable Accelerators

Field Programmable Gate Arrays or FPGAs have been gaining increased recognition as an attractive platform for creating adaptable and software-defined accelerators. Compared to hard-wired ASICs, FPGAs provide superior re-programmability and flexibility to reconfigure hardware as per changing workloads and algorithmic needs. They also deliver better power efficiency. More data center operators are embracing FPGA-based reconfigurable accelerators to achieve workload-specific optimization and accelerate diverse applications on a single hardware unit. This emerging trend underscores extensive FPGA integration and is likely to stay and drive future business opportunities and revenue streams.

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Key Questions Addressed in the Market Report:

What is the expected size, share, and CAGR of the Data Center Accelerator Market over the forecast period?
What are the key trends expected to influence the Data Center Accelerator Market between 2023 and 2030?
What is the expected demand for various types of products/services in the Data Center Accelerator Market?
What long-term impact will strategic advancements have on the Data Center Accelerator Market?
Who are the key players and stakeholders in the Data Center Accelerator Market?
What are the different segments and sub-segments considered in the Data Center Accelerator Market research study?

Strategic Points Covered in Table of Content of Global Data Center Accelerator Market:

Chapter 1 : Introduction, market driving forces, and product The study and research objectives are to investigate the Data Center Accelerator market.

Chapter 2: Exclusive Summary - Data Center Accelerator Market Fundamentals.

Chapter 3: The Changing Impact on Market Dynamics- Drivers, Trends, and the Challenges and Opportunities of Process Spectroscopy

Chapter 4: Data Center Accelerator Market Factor Analysis, Porter's Five Forces Analysis, Supply/Value Chain, SWOT Analysis, Market Entropy, and Patent/Trademark Analysis are all presented .

Chapter 5: 2017-2022 Forecast by Type, End User, and Region/Country

Chapter 6: Evaluating the key players in the Data Center Accelerator market, including the Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, countries, and manufacturers/companies, as well as revenue share and sales by major countries in these regions (2023-2030).

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