The global data center accelerator 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. Factors such
as growing demand for deep learning and surge in demand for cloud-based
services are driving the growth of the market during the forecast period.
COVID-19
Impact on the Global Data center accelerator market
Post COVID-19, the
manufacturing sector is expected to scale up smart manufacturing processes
using AI, IoT, and blockchain technologies. By adopting these technologies,
companies can cut costs, increase process efficiency, and reduce human contact
significantly. Currently, AI is being used for predictive maintenance and will
further be implemented to forecast demand and returns in the supply chain.
COVID-19 has
impacted the educational industries rather positively, with ed-tech companies
adopting AI technology to impart education during the lockdown. Ed-tech firms
have deployed AI tools to enhance online learning and virtual classroom
experience for students. For instance, Coursera has launched an AI-powered tool
called the CourseMatch that helps schools and universities identify courses on
the platform that matches their curriculum. Furthermore, a personalized online
tutorial company Squirrel AI uses AI-based adaptive learning to curate lessons
for a student.
Several industries
are worse hit by this pandemic, but some industries are benefiting from this
pandemic. However, the adoption of AI is expected to grow. Therefore, we can
say the COVID-19 will drive the data center accelerator market for certain
industries.
COVID-19 has
impacted the educational industries rather positively, with ed-tech companies
adopting AI technology to impart education during the lockdown. Ed-tech firms
have deployed AI tools to enhance online learning and virtual classroom
experience for students. For instance, Coursera has launched an AI-powered tool
called the CourseMatch that helps schools and universities identify courses on the
platform that matches their curriculum. Furthermore, a personalized online
tutorial company Squirrel AI uses AI-based adaptive learning to curate lessons
for a student.
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Several industries
are worse hit by this pandemic, but some industries are benefiting from this
pandemic. However, the adoption of AI is expected to grow. Therefore, we can
say the COVID-19 will drive the data center accelerator market for certain
industries.
The data
center accelerator market is dominated by a few globally established players
such as 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).
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