Data Center Accelerator Market by Processor (GPU, CPU, ASIC, FPGA) - Global Forecast to 2029

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. The Growing demand for cloud-based services  and surging adoption of deep learning technology in big data analytics are attributed to the ever-increasing demand for data center accelerator system.

A data center accelerator is a hardware component that boosts the performance of specific tasks within a data center. Think of it like a turbocharger for your computer, but for data centers that handle massive amounts of information.

By application, enterprise inference segment is expected to grow with the highest CAGR from 2024 to 2029.

The enterprise inference segment is expected to record the highest CAGR of 45.8% during the forecast period. The growth of the segment can be attributed to the integration of AI and ML data processing capabilities, allowing enterprises to analyze large datasets more efficiently and accurately. The adoption of cloud computing also plays a crucial role by providing a scalable and flexible infrastructure for data storage and analysis. Additionally, advancements in big data analytics tools enable more sophisticated and nuanced interpretations of data.

By end-user, healthcare segment is expected to grow with the highest CAGR in 2029.

The healthcare segment is expected to exhibit the highest CAGR of 31.8% during the forecast. The exponential growth in healthcare data, driven by electronic health records (EHRs), medical imaging, genomic data, and wearable devices, necessitates advanced computational power for efficient processing and analysis.  Also, the rise of artificial intelligence (AI) and machine learning (ML) applications in healthcare, such as predictive analytics, personalized medicine, and diagnostic imaging, requires high-performance computing infrastructure to train complex models and deliver real-time insights.

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In 2029, North America is projected to hold the highest CAGR of the overall data center accelerator market.

In 2029, The data center accelerator market in Asia Pacific is expected to grow at the highest CAGR. The growing trend of cloud computing has radically increased the economic impact of data center investments made by leading service providers such as Amazon.com, Inc. (US), Meta Platforms, Inc. (US), Google LLC (US), and Microsoft Corporation (US). The competition for data center projects has increased dramatically in North America. North American enterprises and research institutions are at the forefront of AI and machine learning research and applications.

Key Market Players

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) are some of the key players in the data center accelerator Companies.