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Data Center Accelerator Global Market Report 2022

Data Center Accelerator Global Market Report 2022

  • July 2022
  • 175 pages
  • ID: 6310814
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the market are Intel Corporation, Fujitsu Limited, Advanced Micro Devices Inc., Achronix Semiconductor Corporation, Xilinx Inc, Google LLC, IBM Corporation, Semptian Co. Ltd, Micron Technology Inc., Advantech Co. Ltd., HP Inc., Cisco Systems, NEC Corporation, and Lenovo.

The global data center accelerator market is expected to grow from $11.00 billion in 2021 to $14.36 billion in 2022 at a compound annual growth rate (CAGR) of 30.6%. The data center accelerator market is expected to reach $55.85 billion in 2026 at a CAGR of 40.4%.

The data center accelerator market consists of the sales of data center accelerators by entities (organizations, partnerships, and sole proprietors) that are used to improve the operational efficiency of computers.A data center accelerator is a software program or hardware device that improves the computer’s overall performance by handling visual data.

Furthermore, they generally aid in raising consumer-centric data demand and improving the use of artificial intelligence (AI)-based services to propel the demand for AI-driven data centers, which improves data center performance.

The main types of data center accelerators are HPC accelerators and cloud accelerators.HPC accelerators are used to solve sophisticated computation issues.

High-performance computing (HPC) employs supercomputers and computer clusters for various applications.The different processor types include CPU (central processing unit), GPU (graphics processing unit), FPGA (field-programmable gate array), and ASIC (application-specific integrated circuit), and involve several applications such as deep learning, public cloud interface, and enterprise interface.

It is employed in several sectors, including telecommunication and IT, healthcare, BFSI, government, energy, and others.

North America was the largest region in the data center accelerator market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the data center accelerator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The data center accelerator market research report is one of a series of new reports that provides data center accelerator market statistics, including data center accelerator industry global market size, regional shares, competitors with a data center accelerator market share, detailed data center accelerator market segments, market trends and opportunities, and any further data you may need to thrive in the data center accelerator industry. This data center accelerator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The surge in the demand for cloud-based services is expected to propel the growth of the data center accelerator market going forward.Cloud-based services refer to the services that are provided over the internet or by dedicated networks, which help in providing on-demand services and are also used for payment.

Cloud-based services increase operational efficiency, and many firms have begun to use cloud infrastructure to improve their operations.By using cloud servers, more data can be stored and you can have easy access to that data.

As a result of the growing demand for cloud-based services, the market for data center accelerators will grow.For instance, according to ZDNet, a US-based business technology news website, demand for cloud computing has boosted IBM’s sales to their highest level in ten years.

In addition, IBM’s hybrid-cloud revenue jumped 16% to $6.2 billion in the fourth quarter of 2021, which increased 19% during that quarter. Therefore, the surge in demand for cloud-based services is driving the growth of the data center accelerator market.

Investing in building next-generation data centers is the key trend gaining popularity in the data center accelerator market.Major companies operating in the data center accelerator sector are focused on investing in building next-generation data centers to strengthen their position.

For instance, in April 2020, Alibaba cloud, a China-based cloud computing company invested $28.21 billion to boost its cloud business, after the pandemic the company is going to invest this amount in core technologies and the development of future-oriented data centers over the next three years. Alibaba Cloud intends to add more data centers to its existing 63 availability zones, which span 21 countries and include Australia, Indonesia, Malaysia, and Singapore.

In March 2021, Qualcomm Technologies, a subsidiary of a US-based technology provider Qualcomm Inc. has acquired NUVIA for a deal amount of $1.4 billion. Qualcomm’s CPU roadmap would be enhanced because of this acquisition, extending Qualcomm’s dominant technical position in the Windows, Android, and Chrome ecosystems. NUVIA is a US-based designer of system-on-chips (SoC) and CPU cores for data centers.

The countries covered in the data center accelerator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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