PUBLISHER: The Business Research Company | PRODUCT CODE: 1392598
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392598
“Data Center Accelerator Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on data center accelerator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for data center accelerator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The data center accelerator market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A data center accelerator is a software program or hardware device that improves the computer's overall performance by handling visual data. It 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. It is used to improve the operational efficiency of computers.
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.
The data center accelerator market research report is one of a series of new reports from The Business Research Company 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 data center accelerator market size has grown exponentially in recent years. It will grow from $19. 39 billion in 2023 to $26. 85 billion in 2024 at a compound annual growth rate (CAGR) of 38. 5%. The growth in the historic period can be attributed to increasing data processing demands, demand for energy efficiency, deep learning adoption, data center consolidation, .
The data center accelerator market size is expected to see exponential growth in the next few years. It will grow to $100. 93 billion in 2028 at a compound annual growth rate (CAGR) of 39. 2%. The growth in the forecast period can be attributed to customization and scalability, enhanced security requirements, demand for low-power accelerators, real-time analytics requirements, security acceleration solutions. Major trends in the forecast period include growing use of graphics processing units (gpus), expansion of high-performance computing (hpc) applications, integration with cloud services, collaboration for standardization,edge computing acceleration.
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 data center accelerator market growth.
The increasing number of data centers is expected to propel the growth of the data center accelerator market going forward. A data center is a facility where computer systems and related equipment, like storage and telecommunications, are kept. In addition to distributing and facilitating access to resources, it is used to store, process, and manage enormous volumes of data. Data center accelerators play an increasingly important role in data centers by providing significant performance and efficiency gains for a wide range of workloads. For instance, in February 2021, according to the Korea Data Center Council (KDCC), a Korea-based organization that is dedicated to promoting the development of the data center industry in Korea, information technology (IT) load at colocation data centers reached 430 MW altogether, making up 11% of the total IT load in APAC. Savills Korea forecasts that between 2021 and 2023, the total commercial data center IT load in Korea will increase by 700 MW, or 15% of the entire capacity in Asia-Pacific. Therefore, the increasing number of data centers is driving the growth of the data center accelerator market.
Major companies operating in the data center accelerator market are adopting strategic partnerships to co-develop data center accelerator chips to drive their revenues in the market. These strategic collaborations are used to jointly launch advanced solutions, such as co-designed chips, intended to improve data center performance. For instance, in October 2022, Intel Corporation, a US-based semiconductor corporation, partnered with Google LLC, a US-based technology corporation, to jointly launch the E2000 chip, a co-designed chip to improve data center performance. E2000 is an infrastructure processing unit (IPU), which frees up the CPU to conduct computation by handling network processing activities. It also provides an additional layer of protection between various cloud service users by encrypting data. It is included in Google's latest virtual machine product, C3 VM, which is driven by Intel's fourth-generation Xeon CPUs.
Major companies operating in the data center accelerator market are focused on introducing advanced data center accelerator solutions, such as Alveo U55C, to gain a competitive edge in the market. Advanced data center accelerator solutions refer to specialized hardware and software components designed to enhance the performance, efficiency, and capabilities of data centers. For instance, in November 2021, Xilinx Inc., a US-based technology and semiconductor company, launched the Alveo U55C, its new data-center accelerator. The FPGA-powered Alveo U55C is largely comparable to the Alveo U280, which it replaced. However, the U55C only has 16GB of HBM2 memory and no DDR4, whereas the U280 includes 16GB of DDR4 DRAM and 8GB of HBM2 memory. Compared to DDR4 memory, HBM2 is both more expensive and significantly faster. With no network vendor lock-in, an Alveo network may compete with InfiniBand in terms of latency and performance thanks to RoCE v2, 200 Gbps bandwidth, and Vitis API-driven clustering.
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.
Major companies operating in the in the data center accelerator market report are Intel Corporation, Fujitsu Limited, Advanced Micro Devices Inc., Achronix Semiconductor Corporation, Xilinx Inc., Google LLC, International Business Machines Corporation, Semptian Co. Ltd, Micron Technology Inc., Advantech Co. Ltd., Hewlett-Packard Development Company, Cisco Systems Inc., NEC Corporation, Lenovo Group Limited, NVIDIA Corporation, Mellanox Technologies, SambaNova Systems Inc, Habana Labs Ltd., Groq Inc., Cerebras Systems Inc., Graphcore Ltd., BrainChip Holdings Ltd., Wave Computing Inc., Flex Logix Technologies Inc., Ampere Computing LLC, Hailo Technologies Ltd., Lightmatter Inc., Esperanto Technologies Inc., XtremeData Inc., Blaize Inc., Quadric Inc, GreenWaves Technologies SAS, Xelera Technologies GmbH, Mythic Inc., Silexica GmbH, Tensor Networks Inc.
North America was the largest region in the data center accelerator market in 2023. 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, Africa
The countries covered in the data center accelerator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The data center accelerator market includes revenues earned by entities by providing AI training and inference services, storage systems and computing infrastructure services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.