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The market for data center accelerator is expected to grow from US$ 14.4 billion in 2021 to US$ 73.4 billion by 2027 with a CAGR of over 31.2% during the forecast period from 2021 to 2027.

Global Data Center Accelerator Market, 2020 – 2027 (USD Million)

Digital transformation is increasingly being adopted by the companies to bring operational changes their day to day functions and to improve the consumer experience. Cloud computing is a one of the most critical aspect in digital transformation of any organization. Cloud services support digital transformation by providing cost savings, increased productivity, flexibility, agility, scalability, and security. These advantages encourage and motivate businesses and organizations to adapt their strategies to the changing digital landscape. The use of virtual and augmented reality in digital client contact has the potential to open up numerous opportunities for  the growth of data center accelerators market. Data center development has resulted in a desire for greater performance efficiency across data center workloads as a result of the exponential increase in mobile data traffic. Demand for accelerators is projected to grow during the forecast period as they support central processing unit (CPU) cores to fulfill market needs for the performance of an increasing data workloads in data centers. Moreover, Several industries have been hit the hardest by the pandemic, while others have benefited. AI adoption, on the other hand, is expected to increase. As a result, the COVID-19 is expected to propel the data center accelerator market.

Browse the full report at https://www.credenceresearch.com/report/data-center-accelerator-market

Graphics Processing Units (GPUs) are in high demand in the market.

Central processing unit, graphics processing unit, field-programmable gate array, an application-specific integrated circuit are the key types of processing units in data center accelerator industry. GPUs (Graphics Processing Units) are in high demand because they facilitate data centers to run increasingly sophisticated AI applications. GPUs improve the performance of data center applications that require large data sets and complex arithmetic functions, such as big data analysis, machine learning, image recognition, parallel processing, and SQL database computing. It helps businesses speed up workflows and graphic-intensive apps. Several companies are developing GPUs for servers to meet the demands of HPC and hyperscale data center workloads.

FPGA is likely to register high CAGR

Throughout the forecast period, the FPGA market will grow at the fastest CAGR. The increasing use of FPGAs to accelerate corporate workloads propels the growth of FPGA industry. In line with exponential data growth, data center operators must strike a balance between the need for scalability and operational efficiency. Intel Xeon scalable processors are increasingly being used in data centers to meet data-intensive performance requirements, resulting in improved performance and power efficiency.

Global Data Center Accelerator Market key Players:

Advanced Micro Devices, Inc., Google Inc., IBM Corporation, Intel Corporation, Marvell Technology, NVIDIA Corporation, Qualcomm Technology, and Xilinx Inc. are some of the major competitors in the global cyber weapon market. The introduction of a new product has evolved into a critical commercial strategy for the market. The NVIDIA A100, the first GPU based on the NVIDIA Ampere architecture, is already in full production and shipping to clients across the world, according to NVIDIA. The NVIDIA A100 is based on Ampere architecture improvements, providing the company with the most performance gain in its eight generations of GPUs to date.

Market Segmentation

Global Data Center Accelerator Market by Processor Type, 2015 – 2027

• Central Processing Unit (CPU)
• Graphics Processing Unit (GPU)
• Field-Programmable Gate Array (FPGA)
• Application-Specific Integrated Circuit (ASIC)

Global Data Center Accelerator Market by Application, 2015 – 2027

• Deep Learning Training
• Public Cloud Interface
• Enterprise Interface

Global Data Center Accelerator Market by Deployment Type, 2015 – 2027

• On-premise
• Cloud based

Global Data Center Accelerator Market by Company, 2015 – 2027

• Advanced Micro Devices, Inc
• Inc
• IBM Corporation
• Intel Corporation
• Marvell Technology (Hamilton)
• NVIDIA Corporation
• Qualcomm Technology
• Xilinx Inc.

Browse the full report at https://www.credenceresearch.com/report/data-center-accelerator-market

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