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Data Center Accelerator Market Trends

  • Report ID: GMI5190
  • Published Date: Dec 2023
  • Report Format: PDF

Data Center Accelerator Market Trends

The increasing adoption of Graphics Processing Units (GPUs) for their exceptional parallel processing capabilities is spurring the demand for GPU accelerators. GPUs excel in handling intricate computational tasks, making them pivotal in demanding applications such as AI and High-Performance Computing (HPC). Their parallel architecture enables simultaneous processing of multiple tasks, significantly enhancing performance and efficiency. As industries leverage AI and HPC for advanced data processing, GPU accelerators will gain traction in contemporary data center environments owing to their crucial role in meeting computational demands.

The expansion of cloud-based acceleration services is an emerging market trend. Cloud service providers offer specialized accelerators as part of their services, enabling organizations to remotely access high-performance computing resources. This eliminates the need for companies to manage and maintain their hardware, providing a scalable & cost-effective solution. As businesses increasingly turn to cloud-based models, these services offer a convenient and flexible way to leverage advanced acceleration technologies for various computational workloads and applications.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of data center accelerator reached USD 8.1 billion in 2023 and is set to depict over 25% CAGR from 2024 to 2032, owing to the rapid technological advancements in AI, including deep learning and ML.

The HPC accelerator segment generated more than USD 4.5 billion in 2023, due to the growing demand for intensive computational tasks across industries.

North America held around 35% of the market share in 2023, attributed to the growing demand for advanced computing solutions coupled with the substantial investments for technological advancements.

Some do the leading data center accelerator companies are Advanced Micro Devices, Inc., Dell Inc., IBM Corporation, Intel Corporation, Lattice Semiconductor, Lenovo Ltd., Marvell Technology Inc., Microchip Technology Inc., NEC Corporation, NVIDIA Corporation, Qualcomm Incorporated, and Synopsys Inc.

Data Center Accelerator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 358
  • Countries covered: 22
  • Pages: 284
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