Data Center Accelerator Market, By Processor Type (CPU, GPU, FPGA, and ASIC), By Application (High Performance Computing Accelerator, Artificial Intelligence, and Other Applications), and By Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI5476

Pages :162

Formats :

Excel and PDF

Industry : Information and Communication Technology

Data Center Accelerator MarketSize and Trends

The global data center accelerator market size was valued at US$ 33541.7 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 22.8% from 2022 to 2030. Increasing demand for cloud-based services is expected to drive the growth of the industry. The increased investment in the research and development of upcoming technology is also expected to boost growth of the market. The increasing focus on parallel computing is also expected to drive growth of the sector.

Global Data Center Accelerator Market Trends:

Rise in number of market players in the data center accelerator market is a major trend

The number of market players entering the data center accelerator industry is increasing all over the world. Moreover, the rate of investments in data center accelerators by market players is also increasing along with product innovations and demand from several end user industries. For instance, Nvidia recently launched the latest generation of its TensorRT software that can be utilized for speeding up inferencing running on top of GPUs of Nvidia. The company also announced an accelerator for inferencing in data centers based on the Turing architecture. Thus, these factors are likely to support growth of the market in the coming future.

Increasing adoption FPGAs is a recent trend in the market

Field Programmable gate arrays or FPGAs are pre-fabricated silicon device that can be turned electrically into any type of digital system. These are an array of configurable logic blocks that are connected with programmable interconnects. As these chips combine the best components of application-specific integrated circuits (ASICs) and processor-based systems, their demand and adoption is increasing in several industries. Moreover, FPGAs offer faster time and cheaper solutions compared to ASIC. Thus, the trend of increasing adoption FPGAs is likely to continue in the market during the forecast period.