How is the Data Center Accelerator Market Projected to Grow in the Coming Years?
From $26.38 billion in 2024, the data center accelerator market is set to hit $36.22 billion by 2025 with a notable compound annual growth rate (CAGR) of 37.3%. This significant growth during the historic period was fueled by the rise in data processing demands, increasing need for energy efficiency, and the impact of data center consolidation.
Looking forward, the market size is set to see an impressive expansion, reaching up to $143.45 billion by 2029, at a CAGR of 41.1%. Factors such as trends toward scalability and customization, increasing security needs, demand for power-efficient accelerators, and requirements for real-time analytics are driving growth. Additionally, the growth of Graphics Processing Units (GPUs) and expansion of high-performance computing applications are also significant trends to watch.
Get Your Free Sample of The Global Data Center Accelerator Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6338&type=smp
What are the Key Drivers of the Data Center Accelerator Market Growth?
A central growth driver of the data center accelerator market is the heightened demand for cloud-based services. Cloud-based services, offered via the internet or dedicated networks, are highly sought after for their operational efficiency and on-demand service capabilities. The migration of many corporations to cloud infrastructure to enhance operations has resulted in a surge in data storage and accessibility, propelling the data center accelerators market. For instance, IBM’s 2023 Q4 results exceeded expectations, recording a revenue of $17.4 billion, a 4% increase year-on-year, sparked by an increased interest in artificial intelligence and anticipating IT spending recovery in 2024.
What are the Major Segments of the Global Data Center Accelerator Market?
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 Accelerator, 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
Order your report now for swift delivery:
https://www.thebusinessresearchcompany.com/report/data-center-accelerator-global-market-report
Who are the Key Players in the Data Center Accelerator Market?
Prominent players in the data center accelerator market include Intel Corporation, Fujitsu Limited, Advanced Micro Devices Inc., Achronix Semiconductor Corporation, Google LLC, International Business Machines Corporation, 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., Flex Logix Technologies Inc., Ampere Computing LLC, Hailo Technologies Ltd., Lightmatter Inc., Esperanto Technologies Inc., and others.
What are the Emerging Trends in the Data Center Accelerator Market?
Strategic partnerships for co-development of data center accelerator chips are recognized as an emerging trend among leading companies. Such collaborations aim to co-launch advanced solutions, like co-designed chips, to enhance data center performance. For instance, Intel Corporation partnered with Google LLC in October 2022 to launch the E2000 chip, designed to boost data center performance.
Which Region Holds the Dominant Share in the Data Center Accelerator Market?
North America held the largest share in the data center accelerator market in 2024. However, the Asia-Pacific region is predicted to witness the fastest growth in the forecast period. The report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Data Center Accelerator Market Report 2025 Offer?
The Data Center Accelerator is a software or hardware device that helps enhance computer performance by managing visual data. This market report offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5292
About The Business Research Company
The Business Research Company, with over 15000+ reports from 27 industries covering 60+ geographies, has built a reputation for offering comprehensive, data-rich research and insights. Powered with 1,500,000 datasets, unique insights from industry leaders, and in-depth secondary research, you can equip yourself with the information you need to stay ahead.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Connect with Us:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
