PUBLISHER: The Business Research Company | PRODUCT CODE: 1546382
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546382
An accelerator card is a specialized hardware device designed to enhance a computer's performance by taking on specific tasks typically handled by the central processing unit (CPU). These cards work alongside the CPU to offload and accelerate computations, thereby improving overall system performance, especially for demanding tasks.
In the accelerator card market, the main types include high-performance computing accelerators and cloud accelerators. High-performance computing (HPC) accelerators are hardware devices optimized to significantly boost the computational power and efficiency of HPC systems. They encompass various processor types such as central processing units (CPU), graphics processing units (GPU), field programmable gate arrays (FPGA), and application-specific integrated circuits (ASIC). These accelerators find applications in diverse fields such as video and image processing, machine learning, financial computing, data analytics, and mobile devices.
The accelerator cards market research report is one of a series of new reports from The Business Research Company that provides accelerator cards market statistics, including the accelerator cards industry global market size, regional shares, competitors with accelerator cards market share, detailed accelerator cards market segments, market trends, and opportunities, and any further data you may need to thrive in the accelerator cards industry. These accelerator cards market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The accelerator card market size has grown exponentially in recent years. It will grow from $14.67 billion in 2023 to $20.24 billion in 2024 at a compound annual growth rate (CAGR) of 38%. The growth during the historical period can be attributed to several factors, growing demand for high-performance computing, the rise of big data analytics, increased complexity of data centers, proliferation of cloud computing, rising demand for energy-efficient computing solutions, and the expansion of digital transformation initiatives across different industries.
The accelerator card market size is expected to see exponential growth in the next few years. It will grow to $73.55 billion in 2028 at a compound annual growth rate (CAGR) of 38.1%. In the forecast period, growth is driven by rising demand for high-performance computing, expanding proliferation of data centers, increasing adoption of cloud services, growth in big data analytics, and rising need for energy-efficient computing solutions. Key trends anticipated during this period include advancements in AI and machine learning applications, developments in high-performance computing, increased adoption of cloud services, integration in edge computing solutions, and advancements in accelerator technologies.
The increasing trend of digitization is set to drive substantial growth in the accelerator card market. Digitization involves converting information into a format that computers can process efficiently. This shift is propelled by advancements in efficiency, automation, innovation acceleration, heightened productivity, and expanding internet usage. Accelerator cards play a pivotal role in advancing digitization by providing the necessary computational power, efficiency, and adaptability to manage contemporary digital workloads and applications effectively. For example, in November 2022, the U.S. Bureau of Economic Analysis reported significant contributions from the digital economy in 2021, with $3.70 trillion in gross output, $2.41 trillion in value added (equivalent to 10.3% of the U.S. GDP), and $1.24 trillion in compensation. This underscores how the surge in digitization is directly fostering growth within the accelerator card market.
Major companies in the accelerator card market offer AI-enabled cards to boost performance across various applications. These specialized hardware components accelerate artificial intelligence workloads. For example, Advanced Micro Devices, Inc. introduced the AMD Alveo MA35D media accelerator in April 2023. Designed for data centers, this AI-enabled video encoding card features two 5nm Asic-based video processing units (VPUs) optimized for advanced video processing, specifically supporting the AV1 compression standard. It significantly enhances channel density, reduces 4K latency, and improves compression efficiency compared to previous solutions, while maintaining high video quality scores with integrated AI processing capabilities.
In February 2022, Advanced Micro Devices Inc. acquired Xilinx Inc., marking a strategic move to expand its portfolio with Xilinx's expertise in CPU, GPU, and FPGA architectures for optimized acceleration in data centers.
Major companies operating in the accelerator card market are Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Oracle Corporation, Micron Technology Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, NVIDIA Corporation, Advanced Micro Devices Inc., ASUSTeK Computer Inc., NetApp Inc, Marvell Technology Group, Synopsys Inc., Microsemi Corporation, Inspur Group, Socionext Inc., Lattice Semiconductor Corporation, IEI Integration Corporation, Achronix Semiconductor Corporation
North America was the largest region in the accelerator card market in 2023. The regions covered in the accelerator card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the accelerator card market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The accelerator card market consists of sales of auxiliary processors, tensor processing units (TPUs), and network interface cards (NICs). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
Accelerator Card 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 accelerator card 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 accelerator card ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The accelerator card 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.
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