Global Data Center Accelerator Market Trends 2024-2030: High-Performance Computing and Edge AI Power Expansion

Data Center Accelerator Market

The global Data Center Accelerator market size is projected to reach US$ 69440 million by 2027, from US$ 6960.5 million in 2020, at a CAGR of 38.7% during 2021-2027. During the projection period, factors such as rising demand for deep learning and a jump in demand for cloud-based services will propel the data center accelerator market forward. Furthermore, The demand for data center accelerators is likely to be driven by the need to manage higher networking bandwidth, optimize workloads, the lower total cost of ownership, and lower electricity. Accelerators for data centers help deliver high-performance, hardware-based acceleration at a low cost and with little power consumption.

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Trends Influencing The Data Center Accelerator Market

The growth of the data center accelerator market is being fueled by the surge in parallel computing in artificial intelligence (AI) data centers. The market's progress is further aided by the rapid development of cloud-based services.

Furthermore, rising demand for AI in High-Performance Computing (HPC) data centers, an increase in the number of companies offering machine learning around the world, rising demand for application performance enhancement, and increased consumer-driven data demand are all driving the data center accelerator market forward.

The data center accelerator market is likely to be driven by the growth of cloud-based services. Cloud data centers are leading the data center accelerator market due to the increased need for AI-based solutions. The rise of AI is driving changes in the cloud server setup. The surge in the amount of data being sent to the cloud by clients has propelled the cloud computing industry to new heights. The surge in AI-centric data has spurred the spread of co-processors (accelerators) deployed in servers. The accelerators improve data processing on the servers by lowering latency.

Data centers must now be able to process more data while preserving power efficiency, data center cooling requirements, and data center space as a result of the tremendous rise in data generation as a result of IoT and AI. Data centers are predicted to consume about one-fifth of global energy by the end of 2026. Governments all across the world are focusing their efforts on reducing data center energy usage. These activities are expected to drive the data center accelerator market over the forecast period by increasing parallel computing in data centers.

Data Center Accelerator Market Share Analysis

In terms of type, GPU accounted for 85 percent of the worldwide Data Center Accelerator market in 2018. And, from 2983 million dollars in 2018, this product segment is expected to grow to 29819 million dollars by 2025.

Deep Learning Training holds a significant market share in terms of application and is estimated to reach 23381 M USD by 2025, growing at a CAGR of 40.16 percent between 2018 and 2025.

The Asia-Pacific region is predicted to be the most profitable market. The growing need for data centers in China is due to the market's expansion in APAC, as companies seek improved connection and scalable solutions for their expanding enterprises. Furthermore, the Chinese government is boosting its investments in order to spur technological advancement, resulting in the broad adoption of cloud-based services, big data analytics, and the Internet of Things (IoT).

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Data Center Accelerator Market By Types
• GPU
• CPU
• FPGA
• ASIC

Data Center Accelerator Market By Application
• Deep Learning Training
• HPC and Other

Data Center Accelerator Market By Companies
• Nvidia
• Intel
• Alphabet (Google)
• Advanced Micro Devices
• Achronix Semiconductor
• Xilinx
• Qualcomm

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