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Data Center Accelerator Market at a Highest CAGR of 24.7% with Top Competitors | NVIDIA Corporation, Intel Corporation, Qualcomm Technologies, Inc, Advantech Co., Ltd, and More

03-20-2024 09:49 AM CET | IT, New Media & Software

Press release from: The Research Insights

Data Center Accelerator Market

Data Center Accelerator Market

The Global Data Center Accelerator Market is projected to Grow USD 89.5 billion, at a CAGR of 24.7% during the forecast period to 2031, Creating and sustaining the infrastructure for data center accelerators supports high-performance computing requirements. This endeavor incurs significant expenses and requires specialized knowledge, Addressing the need for tailored equipment, cooling mechanisms, and power solutions presents a hurdle, compelling organizations to make substantial investments to implement and oversee these essential resources. Consequently, this dynamic affects the scalability and availability of advanced data center accelerators in the market.

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The increasing demand for cloud-based services is anticipated to drive the expansion of the data center accelerator market in the foreseeable future. Cloud-based services encompass offerings delivered over the internet or dedicated networks, facilitating on-demand access and payment. These services enhance operational efficiency, prompting numerous firms to adopt cloud infrastructure for operational enhancements. Utilizing cloud servers enables greater data storage capacity and seamless data accessibility. Consequently, the rising demand for cloud-based services will fuel the growth of the data center accelerator market.

For example, as reported by ZDNet, a prominent US-based business technology news website, the demand for cloud computing has propelled IBM's sales to their highest level in a decade. Moreover, IBM's revenue from hybrid-cloud surged by 16% to $6.2 billion in the fourth quarter of 2021, marking a 19% increase during that period. Thus, the upsurge in cloud-based service demand serves as a key driver for the growth of the data center accelerator market.

Top Key Competitors of Data Center Accelerator Market:

Advanced Micro Devices, Inc,
NVIDIA Corporation,
Intel Corporation,
Qualcomm Technologies, Inc,
Advantech Co., Ltd,
Achronix Semiconductor Corporation,
Micron Technology, Inc.
Marvell,
KIOXIA Holdings Corporation,
Western Digital Technologies and Others.

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The rising demand for artificial intelligence (AI) has led to a surge in the availability of machine learning services offered by various companies in the cloud computing sector. This uptick in cloud-based technology adoption is fueling the demand for deep learning capabilities. Consequently, this trend is expected to create lucrative growth opportunities for players in the data center accelerator industry throughout the forecast period.

Regional Analysis:

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Table of Contents:

1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Data Center Accelerator, by Technology
7 Data Center Accelerator, by Vertical
8 Data Center Accelerator, by Offering
9 Data Center Accelerator, by Source
10 Data Center Accelerator, by Region
11 Competitive Landscape
12 Company Profiles

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Key Benefits of the Report

This study presents the analytical depiction of the Data Center Accelerator Market along with current trends and future estimations.
The report Shows information of key drivers, restraints, and opportunities along with detailed analysis of the Data Center Accelerator Market share.
The Data Center Accelerator market is quantitatively analyzed to highlight the growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the Data Center Accelerator market.
The report provides a detailed analysis based on competitive intensity.

Questions answered in the Report

the leading Data Center Accelerator market players active in the Global?
which current trends are influencing the market for next few years?
What are the Key driving factors, opportunities in the Data Center Accelerator market?
What challenges faced by the Data Center Accelerator Market?

About US:

The Research Insights - A world leader in analysis, research and consulting that can help you renew your business and change your approach. With us you will learn to make decisions with fearlessness. We make sense of inconveniences, opportunities, circumstances, estimates and information using our experienced skills and verified methodologies. Our research reports will provide you with an exceptional experience of innovative solutions and results. We have effectively led companies around the world with our market research reports and are in an excellent position to lead digital transformations. Therefore, we create greater value for clients by presenting advanced opportunities in the global market.

Contact Us:

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Sales Manager
+ 91-996-067-0000
+312-313-8080
sales@theresearchinsights.com

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