Data Center Accelerator Market Trend, Share, Growth, Demand, Size and Forecast 2032

Data Center Accelerator Market: Industry Prospective

The global Data Center Accelerator Market size was valued at USD 16.74 Billion in 2023 and is predicted to reach USD 121.47 Billion by the end of 2032. The market is expected to grow with a CAGR of 24.63% during the forecast period. The report analyzes the global Data Center Accelerator Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Data Center Accelerator industry.

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Global  Data Center Accelerator Market: Overview

A data center accelerator is a software program or device that improves the performance of the computer by processing the visual data. Data center accelerators help in boosting the demand for consumer-centric data and also escalate the utilization of artificial intelligence-based services to fuel the demand for AI-based data centers. Data center accelerators are utilized in a large number of applications in motion detection, image recognition, sentiment analysis, recommendation engines, voice search, fraud detection, voice recognition, and several others.

Global  Data Center Accelerator Market: Growth Factors

A large number of manufacturers facilitate machine learning as a cloud service, which in turn is further escalating the growth of the global data center accelerator market at an exponential rate. The surge in the number of companies providing a high base computation will boost the growth manifolds. Vendors are concentrating on parallel computing in data centers. The significant spike in the utilization of neural networks along with machine learning is likely to significantly escalate the speed of algorithms as they require parallel computing solutions. The parallel computing models are considered beneficial in implementing deep learning interfaces and training owing to the fact that artificial neural networks function efficiently with parallel computing frameworks. The constantly growing demand for the improvement of application performance is likely to augment the demand for the data center accelerator.

Furthermore, the growing requirements for data storage along with the surging utilization of mobile data due to loads of applications in the smartphone is likely to emerge as a key factor for projecting the growth of the market globally. Nowadays, every business works with the help of the internet. Therefore, enterprises are opting for cloud data storage, which in turn will boost the need for data centers accelerators. Big data analytics is playing a pivotal role in the growth of cloud services. Big data analytics is a long tradition of scrutinizing facts to reveal hidden patterns, market trends and other actionable insights. However, the growth in every aspect of big data analytics, machine-learning, artificial intelligence, and other fields will accentuate the growth of the global data center accelerator market vigorously.

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Global Data Center Accelerator Market: Segmentation Analysis

The global data center accelerator market can be segmented into application, end-user, type, and region.

By application, the market can be segmented into large-size data centers and mid-size data centers. The large data centers segment dominates the global data center accelerator market.

By end-user, the market can be segmented into energy, government, BFSI, healthcare, IT & telecommunication, and others. The BFSI segment accounts for the largest share in the global data center accelerator market due to the growing use of data center accelerators in the segment.

By processor, the market can be segmented into CPLD, ASIC, GPU, FPGA, and others.

By type, the market can be segmented into HPC data centers and cloud data centers.

By application, the market can be segmented into enterprise interface, public cloud interface, and deep learning training.

Data Center Accelerator Market: Report Scope

Global Data Center Accelerator Market: Regional analysis

Asia Pacific accounts for the largest share in the global data center accelerator market due to the surge in demand for data accelerators in growing economies like China. The demand for data centers in China has exceeded the available supply due to the fact that organizations are opting for scalable solutions to enhance the connectivity for fueling business growth. Furthermore, the growing investments by Chinese governments for accentuating technological developments have scaled the adoption of cloud-based services including the internet of things and big data analytics.

North America is expected to witness a significant growth rate in the forthcoming years due to the ongoing technological advancements in the region.

Global Data Center Accelerator Market: Competitive Players and Segments

Some of the significant players in the global data center accelerator market are

• Qualcomm Technology
• Marvell Technology
• Advanced Micro Devices, Inc
• IBM Corporation
• Xilinx Inc.
• NVIDIA Corporation
• Google. Inc
• and Intel Corporation.

By Processor

• GPU
• CPU
• FPGA
• ASIC

By Type

• HPC Data Center
• Cloud Data Center

By Application

• Deep Learning Training
• Public Cloud Interface
• Enterprise Interface

By end-user

• Energy
• Government
• BFSI
• Healthcare
• IT & telecommunication
• and others

Global Data Center Accelerator Market: Regional Segments

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.