The report
"Data
Center Accelerator Market by Processor Type (CPU, GPU, FPGA, ASIC), Type
(HPC Accelerator, Cloud Accelerator), Application (Deep Learning Training,
Public Cloud Interface, Enterprise Interface), and Geography - Global Forecast
to 2026", 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.
The key factors
contributing to the growth of the data center accelerator market include growth
of cloud-based services, focus on parallel computing in AI data center and deep
learning usage in big data analytics, However, The burgeoning application of AI
in various sectors has enhanced consumer perception and expectations from AI
technologies. However, the lack of availability of low-cost and
energy-efficient hardware, especially computing hardware, is hindering the
growth of dedicated AI hardware such as deep learning accelerators. Various AI
technologies built to date have failed to make a larger impact in the AI
market. For instance, owing to the high cost of data center accelerators such
as NVIDIA Tesla products, a majority of data center manufacturers are reluctant
about adopting those accelerators in their products. For cloud server inference
applications, numerous FPGAs are being developed to perform tasks such as
enhancing security and fast computing; however, technical constraints and the
high cost of reliable mechanical devices are curbing data center accelerator
adoption.
FPGA is
likely to register high CAGR
The market for FPGA
is growing at the highest CAGR of 43.1% during the forecast period. The growth
of the market for FPGA is attributed to the increasing adoption of FPGAs for
the acceleration of enterprise workloads. With the exponential data growth,
data center operators have to establish a balance between the need for the
performance at scale and the operational efficiencies. To boost performance and
power efficiencies, data centers are most widely adopting Intel Xeon Scalable
processors to support data-intensive performance requirements.
APAC exhibit
the highest CAGR during the forecast period
The market based on
geography has been segmented into 4 main regions: North America, Europe, APAC,
and RoW. APAC is projected to grow at the highest CAGR of 42.7% during the
forecast period. The growth of the market in APAC is attributed to the
increasing demand for data centers in China, as organizations seek enhanced
connectivity and scalable solutions for their growing businesses. Also, there is
an increase in investments by the Government of China to stimulate
technological development, which has led to the large adoption of cloud-based
services, big data analytics, and the Internet of Things (IoT).
The data
centers are likely to consume approximately one-fifth of global energy by the
end of 2026.
The enormous growth
in data generation due to IoT and AI has led to the demand for higher data
processing capabilities at data centers while keeping a check on power
efficiency, data cementer cooling requirements, and space used for data
centers. The data centers are likely to consume approximately one-fifth of
global energy by the end of 2026. Governments around the world are focusing on
the means to reduce data center energy consumption. These initiatives are
expected to boost parallel computing in data centers, which, in turn, would
boost the data center accelerator market during the forecast period.
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The key players
operating in the data center accelerator market are 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). The players in this market have adopted various
strategies to expand their global presence and increase their market shares.
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