Global Hardware Acceleration Market Sets a Rapid Pace with Projected Growth at 49.2% through 2029, Reaching Nearly US$ 254.62 Billion

Market Values and Forecast:

The Global Hardware Acceleration Market, valued at US$ 10.36 billion in 2021, is anticipated to experience an astounding growth rate of 49.2% from 2021 to 2029, culminating in a projected market value of nearly US$ 254.62 billion.

Report Scope and Research Methodology:

Our comprehensive report offers a detailed analysis of the hardware acceleration landscape, encompassing market dynamics, drivers, restraints, and regional insights. The research methodology employed ensures a thorough examination of the global market trends, providing stakeholders with valuable information for strategic decision-making.

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Market Drivers:

Hardware acceleration technology, designed to outperform software in specific activities, is witnessing a surge in demand. Advantages such as enhanced performance, optimized CPU utilization, and improved system efficiency are driving the growth of the hardware acceleration industry. Factors like the proliferation of battery-powered devices, energy optimization needs, and the integration of hardware acceleration in smart devices contribute to the market's positive trajectory.

Market Restraints:

Despite the promising growth, the prohibitive cost of hardware acceleration and its limitations in performing all 2D drawing processes pose challenges to its widespread adoption. These factors are anticipated to limit the market's growth to some extent.

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Regional Insights:

North America, with the United States and Canada as major contributors, led the global hardware acceleration market in 2021, holding the largest market share. The region's growth is attributed to increased adoption of cloud computing technology and the deployment of hardware acceleration in various data centers. Europe, holding the second-largest market share, is witnessing growth driven by the widespread adoption of modern technologies like AI, machine learning, and IoT-based systems.

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Segmentation :

by Type

• Video Processing Unit
• Graphics Processing Unit
o AI Accelerator
o Regular Expression Accelerator
o Cryptographic Accelerator
• Others

The global hardware acceleration market is divided into three segments based on type: graphics processing units, video processing units, and others. In 2021, the segment with the biggest market share was Graphics Processing Units. The rise is attributed to the broad use of GPU in various industries. GPU-enabled hardware acceleration benefits users in all supported applications, including watching videos, playing games, and performing any task requiring quick math calculations. It also makes browsing and media viewing in browsers much smoother, which boosts market expansion. In 2021, GPU hardware acceleration for AI applications gained popularity. This growth has continued into deep learning applications for both inference and training in devices such as autonomous cars, military robots, agricultural robots, and more.3

by Application

• Deep Learning Training
• Public Cloud Inference
• Enterprise Inference
• Others

by Industry Vertical

• IT and Telecom
• BFSI
• Retail
• Hospitality
• Logistics
• Automotive
• Healthcare
• Energy
• Others

The global hardware acceleration market is divided into several segments based on verticals, including IT and Telecom, BFSI, Retail, Hospitality, Logistics, Automotive, Healthcare, Energy, and Others. In 2021, the BFSI category had the biggest market share. Hardware accelerators are expected to be in high demand in the banking and financial services, information technology, and technology sectors due to the ongoing need for improved performance in these areas. In addition, the IT and telecom sectors' present investments in developing nations like China and India are probably going to increase demand for hardware accelerators there.

Key Players

• NVIDIA Corporation
• Intel Corporation
• Advanced Micro Devices, Inc
• Achronix Semiconductor
• Oracle Corporation
• Xilinx, Inc
• IBM Corporation
• Hewlett Packard Enterprise Company
• Dell
• Lenovo Group Limited
• Fujitsu Ltd
• Cisco Systems, Inc.
• VMware, Inc.
• Enyx
• HAX
• Revvx
• AlphaLab Gear
• HWTrek
• Wazer
• Teradici

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Table of content for the Hardware Acceleration Market includes:

Part 01: Executive Summary

Part 02: Scope of the Hardware Acceleration Market Report

Part 03: Global Hardware Acceleration Market Landscape

Part 04: Global Hardware Acceleration Market Sizing

Part 05: Global Hardware Acceleration Market Segmentation

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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