Increasing Deployment Of IoT Devices Fueling The Growth Of The AI Accelerator Market Amid Rising Demand For Automation And Real-Time Data Processing: Powering Innovation and Expansion in the Global AI Accelerator Market by 2025

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How Large Will the AI Accelerator Market Size By 2025?_x000D_
The market size of AI accelerators has experienced rapid expansion recently. Expected to increase from $16.55 billion in 2024 to $20.91 billion in 2025, it has a projected compound annual growth rate (CAGR) of 26.4%. The historical growth in this market has several contributing factors including the escalating demand for advanced deep learning models, increase in government capital, the heightened use of AI in image and speech recognition technologies, a surge in AI use for precision agriculture, and an upturn in the consumer electronics sector._x000D_
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How Big Is the AI Accelerator Market Size Expected to Grow by 2029?_x000D_
The anticipated expansion of the AI accelerator market size in the coming years is set to be meteoric, with projections of $52.76 billion by 2029, thanks to a compound annual growth rate (CAGR) of 26.0%. The growth expected within this forecast period can be linked to various factors such as the surge in AI server deployment, escalating demand for real-time data processing, amplified use of IoT devices, increased funding for AI research, and a rise in consumer data generation. Key trends to watch during this forecast period include technologic progression, machine learning, AI cloud-based solutions, development of AI chips, and advancements in cybersecurity._x000D_
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Which Key Market Drivers Powering AI Accelerator Market Expansion and Growth?_x000D_
The AI accelerator market's expansion is anticipated to be propelled by the escalating utilization of IoT devices. These devices, which are physical objects equipped with sensors, software, and connectivity capabilities, can amass, exchange, and process data via the internet. The mounting deployment of such devices is ignited by factors like the swelling demand for automation, enhanced connectivity, and the burgeoning consumer acceptance of smart equipment. AI accelerators allow these IoT devices to handle data locally, mitigating the necessity for cloud transmission. This leads to quicker decision-making processes, diminished latency, and lessened bandwidth usage, improving efficiency for real-time applications like smart homes, industry automation, and healthcare. For example, Ericsson, a Swedish telecommunications firm, published a report in April 2024 stating that global IoT connections peaked at 15.7 billion in 2023 and are projected to surge by 16% to 38.8 billion connections by 2029. Hence, the intensified deployment of IoT devices is fueling the AI accelerator market's growth._x000D_
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Which Fast-Growing Trends Are Poised to Disrupt the AI Accelerator Market?_x000D_
Key players in the AI accelerator market are concentrating their efforts on the advancement of superior technologies like the 5 nm node process technology. This technology is aimed at enhancing performance, bolstering energy efficiency, and meeting the ever-growing demands of AI workloads. The 5 nm node process technology entails a semiconductor fabrication process where the transistors are just 5 nanometers, facilitating heightened performance, minimized power usage, and smaller chip designs. For example, in August 2024, US technology firm IBM introduced the Spyre accelerator chip, a sophisticated AI processing unit created specifically for IBM Z systems. Equipped with 32 cores and 25.6 billion transistors, this unit uses 5nm node process technology to provide impressive performance and energy efficiency. Fitted on PCIe cards which can be grouped for enhanced processing power, it supports large-scale AI inferencing and intricate applications such as fraud detection and generative AI for business process automation and code modernization. The architecture is tailored to manage AI workloads, enabling companies to effectively and securely implement AI models on-premise._x000D_
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What Are the Emerging Segments in the AI Accelerator Market?_x000D_
The ai acceleratormarket covered in this report is segmented - _x000D_
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1) By Type: Graphics Processing Units (GPUs), Tensor Processing Units (TPUs), Application-Specific Integrated Circuits (ASICs), Central Processing Units (CPUs), Field-Programmable Gate Arrays (FPGAs)_x000D_
2) By Technology: Cloud-Based AI Accelerators, Edge AI Accelerators_x000D_
3) By End User: Information Technology And Telecom, Healthcare, Automotive, Finance, Retails, Other End Users_x000D_
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Subsegments:_x000D_
1) By Graphics Processing Units (GPUs): AI Training GPUs, AI Inference GPUs, Cloud-Based AI GPUs, Edge AI GPUs, High-Performance Computing (HPC) GPUs_x000D_
2) By Tensor Processing Units (TPUs): Cloud TPUs, Edge TPUs, AI Model Training TPUs, AI Model Inference TPUs, Energy-Efficient TPUs_x000D_
3) By Application-Specific Integrated Circuits (ASICs): Deep Learning ASICs, Speech And Language Processing ASICs, Computer Vision ASICs, Edge AI ASICs, Low-Power AI ASICs_x000D_
4) By Central Processing Units (CPUs): AI-Optimized Multi-Core CPUs, Cloud AI CPUs, Edge AI CPUs, Real-Time AI Processing CPUs, High-Performance AI Workstation CPUs_x000D_
5) By Field-Programmable Gate Arrays (FPGAs): AI Model Customization FPGAs, Low-Latency AI Processing FPGAs, Edge AI FPGAs, Reconfigurable AI Hardware FPGAs, High-Throughput AI Computing FPGAs_x000D_
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Who Are the Global Leaders in the AI Accelerator Market?_x000D_
Major companies operating in the AI accelerator market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Taiwan Semiconductor Manufacturing Company, Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Broadcom Inc., NVIDIA Corporation, Advanced Micro Devices Inc. (AMD), Baidu Inc., NXP Semiconductors N.V., Microchip Technology Incorporated, Synopsys Inc., Marvell Technology Inc., Arista Networks Inc., Xilinx Inc., Hailo Ltd., Rebellions.ai, Furiosa AI Inc., Graphcore Limited, BrainChip Holdings Ltd., LeapMind Inc. _x000D_
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Which are the Top Profitable Regional Markets for the AI Accelerator Industry?_x000D_
North America was the largest region in the AI accelerator market in 2024. The regions covered in the AI accelerator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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