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Growing focus on parallel computing in Artificial Intelligence (AI) data centers is a key factor driving data center accelerator market revenue growth
— Emergen Research
VANCOUVER, BC, CANADA, May 8, 2023 /EINPresswire.com/ — The global data center accelerator market size was USD 17.89 Billion in 2021 and is expected to register a revenue CAGR of 25.0% during the forecast period, according to latest analysis by Emergen Research. Growing focus on parallel computing in Artificial Intelligence (AI) data centers, rising number of data center facilities globally, increasing data traffic, increasing use of deep learning technology in big data analytics, and rising demand for consumer-driven data and application performance enhancement are some of the key factors driving market revenue growth.
Operators are rapidly exploring and investing in Research & Development (R&D) for cutting-edge solutions to improve various data-driven operations, such as deep learning and Natural Language Processing (NLP), since data centers are overflowing with ever-increasingly massive amounts of data. In addition, demand for data center accelerators is rising because of growing cloud computing and cloud-based services, as well as an increase in number of data centers housing numerous servers and significant quantity of storage. Moreover, increasing growth of the market is mostly owing to rising demand for high-performance hardware accelerators in data center processors used in applications including deep learning, object recognition and identification, picture classification, and NLP. On 28 June 2021, Qualcomm Technologies, Inc. introduced a new unit accelerator card, Qualcomm 5G DU X100 Accelerator Card in its 5G RAN Platforms line. Qualcomm 5G DU X100 is intended to help operators and infrastructure providers quickly to realize benefits of 5G’s high performance, low latency, and power efficiency, while also fastening cellular ecosystem’s shift towards virtualized radio access networks. Furthermore, high demand for handling rising data and complex computations by data centers with reduced power as well as comparatively higher performance is also driving revenue growth of the market.
However, factors such as high electricity consumption by data centers in addition to complexity and unreliability of AI mechanisms, are expected to provide some restraints for market growth. Moreover, requirement for highly specialized infrastructure can lead to overheating and faulty conditions if unmonitored.
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Important information in the market study
The research offers thorough analysis and futuristic insights into the industry in several different regions. See how the most important regional growth drivers and restraints will affect market development and gain a grasp of uncertainty.
In order to understand how the demand across various segments will change over the following few years, evaluate market size statistics and projections. Get a thorough understanding of new market trends and developments to evaluate market prospects.
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NVIDIA Corporation, Advanced Micro Devices, Inc., Intel Corporation, Micron Technology, Inc., Marvell, Qualcomm Technologies, Inc., IBM, Google, Fujitsu, and Dell, Inc
Data Center Accelerator Market – Segmentation Assessment
Processor Type Outlook (Revenue, USD Billion; 2019-2030)
Graphics Processing Unit (GPU)
Central Processing Unit (CPU)
Field Programmable Gate Array (FPGA)
Application Specific Integrated Circuit (ASIC)
Type Outlook (Revenue, USD Billion; 2019-2030)
Cloud data center
High-Performance Computing (HPC) data center
Application Outlook (Revenue, USD Billion; 2019-2030)
Deep learning training
Enterprise inference
Public cloud inference
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Regional Analysis:
» North America: United States, Canada, and Mexico
» South & Central America: Argentina, Chile, Brazil and Others
» Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
» Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.
» Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.
High point the Following Key Factors:
Business description: A detailed overview of the company’s operations and business departments.
Company strategy: A summary of the company’s business strategy provided by the analyst.
SWOT analysis: A detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
Company history: A summary of major events related to the company’s progress.
Main products and services: A list of the company’s main products, services, and brands.
Main competitors: A list of the company’s main competitors.
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The Emergen Research study is expected to provide the following benefits:
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Identification of key business segments, market proposition, and gap analysis
Assistance in allocating marketing investments
Updated methodology from Emergen Research to ensure accurate and reliable findings.
Global Data Center Accelerator Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Global Data Center Accelerator Market Dynamics
3.1. Data Center Accelerator Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Global Data Center Accelerator Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2020-2030)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
➟ What is the primary factor driving the global Data Center Accelerator market?
➟ What are the market’s restricting factors?
➟ Who are the major market participants?
➟ Which region has the greatest market share?
➟ What are the most current global Data Center Accelerator market trends?
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