PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1512226
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1512226
The global data center accelerator market was valued at USD 109.9 billion in 2024 and is projected to reach USD 372.9 billion by 2029; it is expected to register a CAGR of 27.7% during the forecast period. Rising focus on parallel computing in AI data centers is driving the growth of the data center accelerator market. Whereas premium pricing of accelerators is restraining the growth of the data center accelerator market.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | By Processor, Type, Application, End-user and Region |
Regions covered | North America, Europe, APAC, RoW |
"The HPC data center segment is expected to grow at the second highest CAGR during the forecast period."
The HPC data center segment is expected to exhibit the highest CAGR of 7.7% during the forecast. The demand for data center accelerators in high-performance computing (HPC) data centers is driven by the need for enhanced computational power, efficiency, and speed in processing large-scale, complex workloads. This surge is further fueled by the expansion of cloud computing services, which offer scalable HPC resources to businesses and researchers. Additionally, the rise of big data analytics and the Internet of Things (IoT) contribute to the demand for robust and efficient data center infrastructures capable of supporting intensive workloads and ensuring high-speed data processing and storage
The public cloud inference segment is likely to grow at the second higher CAGR during the forecast period
The public cloud inference segment is expected to grow at second higher CAGR of 33.7% during the forecast period. Public Cloud Inference is driven by the increasing need for rapid and efficient processing of vast amounts of data, especially for machine learning and artificial intelligence applications. As businesses and consumers continue to generate and utilize more data, the reliance on accelerators to maintain high performance and scalability in public cloud infrastructures is becoming more critical
"The Asia Pacific segment is likely to grow at the second highest CAGR during the forecast period."
The market in Asia Pacific is expected to witness the second highest CAGR of 28.4% during the forecast period. the region witnessed substantial investments in technology infrastructure, driven by both government initiatives and private enterprises aiming to establish robust data ecosystems. The rise of 5G networks further amplified data generation and processing requirements, necessitating efficient data center solutions.
Breakdown of primaries
The data center accelerator market is dominated by a few globally established players such as NVIDIA Corporation (US), Advanced Micro Devices, Inc (US), Intel Corporation (US), Alphabet Inc. (US), Qualcomm Technology, Inc. (US), Micron Technology, Inc. (US), IBM Corporation (US), Marvell (US), Achronix Semiconductor Corporation (US), Dell Inc. (US). The study includes an in-depth competitive analysis of these key players in the data center accelerator market, with their company profiles, recent developments, and key market strategies.
The report segments the data center accelerator market and forecasts its size by technology, offering, device type, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions-North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the data center accelerator ecosystem.