CHICAGO, July 15, 2021 /PRNewswire/ -- According to the new market research report "Data Center Accelerator Market by Processor Type (CPU, GPU, FPGA, ASIC), Type (HPC Accelerator, Cloud Accelerator), Application (Deep Learning Training, Public Cloud Interface, Enterprise Interface), and Geography - Global Forecast to 2026", published by MarketsandMarkets, the market size is projected to grow from USD 13.7 billion in 2021 to USD 65.3 billion by 2026; it is expected to grow at a CAGR of 36.7% from 2021 to 2026.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=48984803
The key factors contributing to the growth of the data center accelerator market include growth of cloud-based services, focus on parallel computing in AI data center and deep learning usage in big data analytics, However, The burgeoning application of AI in various sectors has enhanced consumer perception and expectations from AI technologies. However, the lack of availability of low-cost and energy-efficient hardware, especially computing hardware, is hindering the growth of dedicated AI hardware such as deep learning accelerators. Various AI technologies built to date have failed to make a larger impact in the AI market. For instance, owing to the high cost of data center accelerators such as NVIDIA Tesla products, a majority of data center manufacturers are reluctant about adopting those accelerators in their products. For cloud server inference applications, numerous FPGAs are being developed to perform tasks such as enhancing security and fast computing; however, technical constraints and the high cost of reliable mechanical devices are curbing data center accelerator adoption.
FPGA is likely to register high CAGR
The market for FPGA is growing at the highest CAGR of 43.1% during the forecast period. The growth of the market for FPGA is attributed to the increasing adoption of FPGAs for the acceleration of enterprise workloads. With the exponential data growth, data center operators have to establish a balance between the need for the performance at scale and the operational efficiencies. To boost performance and power efficiencies, data centers are most widely adopting Intel Xeon Scalable processors to support data-intensive performance requirements.
APAC exhibit the highest CAGR during the forecast period
The market based on geography has been segmented into 4 main regions: North America, Europe, APAC, and RoW. APAC is projected to grow at the highest CAGR of 42.7% during the forecast period. The growth of the market in APAC is attributed to the increasing demand for data centers in China, as organizations seek enhanced connectivity and scalable solutions for their growing businesses. Also, there is an increase in investments by the Government of China to stimulate technological development, which has led to the large adoption of cloud-based services, big data analytics, and the Internet of Things (IoT).
Browse in-depth TOC on "Data Center Accelerator Market"
115 - Tables
50 - Figures
209 - Pages
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=48984803
The data centers are likely to consume approximately one-fifth of global energy by the end of 2026.
The enormous growth in data generation due to IoT and AI has led to the demand for higher data processing capabilities at data centers while keeping a check on power efficiency, data cementer cooling requirements, and space used for data centers. The data centers are likely to consume approximately one-fifth of global energy by the end of 2026. Governments around the world are focusing on the means to reduce data center energy consumption. These initiatives are expected to boost parallel computing in data centers, which, in turn, would boost the data center accelerator market during the forecast period.
The key players operating in the data center accelerator market are Intel Corporation (US), Google. Inc (US), NVIDIA Corporation (US), Xilinx Inc. (US), IBM Corporation (US), Advanced Micro Devices, Inc (US), Marvell Technology (Hamilton), and Qualcomm Technology (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.
Related Reports:
Quantum Computing Market with COVID-19 impact by Offering (Systems and Services), Deployment (On Premises and Cloud Based), Application, Technology, End-use Industry and Region - Global Forecast to 2026
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/data-center-accelerator-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/data-center-accelerator.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
