Data Center Accelerator Market Witnessed To Hit Double Digit CAGR Of 40.1% By 2030
The Global Data Center Accelerator Market is projected to be US$ 5,497.5 Mn in 2020 to reach US$ 156,358.6 Mn by 2030 at a CAGR of 40.1%. The first five-year cumulative revenue (2020–2024) is projected to be over US$ 58.02 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Data center accelerator is defined as hardware and software, designed to accelerate the processing of visual data in the data center. It is used to improve the overall performance of a computer. Data acceleration refers to the rate or speed at which large amounts of data can be absorbed, analyzed, processed, organized, and converted into feasible insights. Data center accelerators help increase the amount of data generated by consumers and increase the use of artificial intelligence (AI)-based services. In addition, accelerators can significantly improve data center performance. Accelerators provide modern data centers with the ability to accelerate deep learning, machine learning, and manage high-performance computing (HPC) workloads. In addition, data center administrators can not only reduce the total cost of ownership, but also improve the overall performance of the entire data center.
Global Data Center Accelerator Market: Market Dynamics
Enterprises are worried about the performance fluctuations of cloud workloads, because this will affect business efficiency, because the performance of cloud workloads depends on network latency, because data takes longer to transmit over long distances. Similarly, inefficient bandwidth allocation can also affect workload performance. In this case, accelerators enable organizations to deliver content to end users or consumers faster. Data center accelerators enable enterprises to build functions and accelerate the transition to the cloud, increase time to market, bring maximum value to the enterprise, reduce latency and enhance scalability.
Data center operators need to manage complex data sets and analysis workloads, and optimize performance with high efficiency. Accelerators help facilitate deep learning, machine learning, and manage workloads. They enable data center managers to reduce total cost of ownership (TCO) and improve data center performance. These are some of the key factors that contribute to the growth of the target market.
Data-savvy scientists and developers are required to customize existing machine learning-enabled AI processors. Since AI is a technology that is still in its early stages of growth, the workforce with the skills, experience and knowledge required for this technology is currently limited. Other factors that limit market growth in the first few years of the forecast period can be considered.
Global Data Center Accelerator Market: Market Forecast
The comprehensive research report comprises a complete forecast of the Global Data Center Accelerator Market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the Global Data Center Accelerator Market is estimated to expand at a moderate CAGR of 40.1% during the forecast period.
Global Data Center Accelerator Market: Segmental Snapshot
The market report has been segmented on the basis of Center Type HPC Data Center and Cloud Data Center. By Processor Type CPU, GPU, FPGA, ASIC. By Application Deep Learning Training, Public Cloud Interface, Enterprise Interface. The region covered in the analysis are North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Global Data Center Accelerator Market: Competitive Analysis
The research report on the Global Data Center Accelerator Market includes profiles of major companies such as Dell Technologies, Inc., International Business Machines Corp, Intel Corporation, Cisco Systems, Inc., Lenovo Group Ltd., Hewlett Packard Enterprise Development LP, NVIDIA Corp, Advanced Micro Devices, Inc., XILINX INC., and Achronix Semiconductor Corporation
The Global Data Center Accelerator Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2030 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the Global Data Center Accelerator Market for 2021-2030