The Data Center Accelerator by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Data Center Accelerator, 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.
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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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
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.
The data center accelerator market report table of contents includes:
- Executive Summary
- Data Center Accelerator Market Characteristics
- Data Center Accelerator Market Trends And Strategies
- Data Center Accelerator Market – Macro Economic Scenario
- Global Data Center Accelerator Market Size and Growth
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- Global Data Center Accelerator Market Competitive Benchmarking
- Global Data Center Accelerator Market Competitive Dashboard
- Key Mergers And Acquisitions In The Data Center Accelerator Market
- Data Center Accelerator Market Future Outlook and Potential Analysis
- Appendix
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