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Data Center Accelerator Market Estimated Growth Trends, Size, Share And Analysis 2024-2033
Data Center Accelerator Market
Data Center Accelerator Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $100.93 billion In 2028 At A CAGR Of 39.2% :
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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Data Center Accelerator Market Major Segments
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
Key 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.
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Prominent 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.
Data Center Accelerator Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the data center accelerator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center accelerator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Center Accelerator Market Report Structure
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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