Data Center Accelerator Market: Set to Explode and Reach US$ 71.1 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled “Data Center Accelerator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global data center accelerator market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the data center accelerator market?

The global data center accelerator market size reached US$ 15.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.1 Billion by 2028, exhibiting a growth rate (CAGR) of 30.7% during 2023-2028.

What is Data Center Accelerator?

Data center accelerators operate intricate computing tasks to improve the efficiency of data centers. They help in enhancing power efficiency owing to their resource-sharing capability with the core processor, which aids in lowering the overall costs. They can also accelerate the machine learning (ML), high-performance computing (HPC), and deep learning workloads of modern data centers.

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What are the growth prospects and trends in the data center accelerator industry?

The growing need to enhance the networking bandwidth is expanding the usage of data center accelerators for handling complex data sets and analytics workloads. Furthermore, the rising deployment of cloud-based services is aiding the growth of the market across the globe. Apart from this, the increasing adoption of technologies like the internet of things (IoT), big data analytics, and artificial intelligence (AI) is driving the market growth. In addition, the increasing inclination toward the remote working culture is encouraging the need for optimal performance and rapid efficiency to improve business operations, which, in turn, is bolstering the market growth. Moreover, the rising usage of deep learning for specific use cases, such as self-driving cars, image recognition, insurance claim cost estimation, and voice assistance, is bolstering the market growth. Additionally, the growing digitalization in drug research, medical imaging, and financial modeling are expected to boost the market growth.

Who are the key players operating in the industry?

The report covers the major market players including: 

• Achronix Semiconductor Corporation
• Advanced Micro Devices Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Gyrfalcon Technology Inc
• Intel Corporation
• International Business Machines Corporation
• Marvell Technology Inc.
• Microsemi Corporation (Microchip Technology Inc.)
• Nvidia Corporation
• Qualcomm
• Xilinx Inc.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Accelerator Type:

• High-performance Computing
• Cloud Accelerator

Breakup by Processor Type:

• Central Processing Unit (CPU)
• Graphics Processing Unit (GPU)
• Field-Programmable Gate Array (FPGA)
• Application-specific Integrated Circuit (ASIC)

Breakup by Application:

• Deep Learning Training
• Public Cloud Interface
• Enterprise Interface

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:                                                           

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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