Global Data Center Accelerator Market to reach USD 89.2 billion by 2027
Global Data Center Accelerator Market is valued approximately USD 10 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 36.7 % over the forecast period 2021-2027. The growth in embedded systems in artificial intelligence (AI) data centres is resulting in the expansion of the data centre accelerator market. The rapid development of cloud-based services is also driving the market's growth. Furthermore, rising demand for AI in HPC data centres, an increase in the number of companies offering machine learning around the world, as well as rising demand for application performance enhancement and increased consumer-driven data demand, are all contributing to the market's growth. Moreover, the increasing need for data centres and cloud resources from both corporate and consumer standpoint has resulted in the creation of large-scale public cloud data centres, driving the target market forward. Also, the use of virtual reality and augmented reality for digital consumer involvement would provide sufficient opportunities for the data centre accelerator products to be produced. The high cost of accelerators and a scarcity of AI hardware experts are performing as market restraints, limiting the growth of the data centre accelerator market throughout the forecast years. The unpredictability of AI algorithms, as well as the creation of AI models and processes in the cloud, will be major barriers to the data centre accelerator market's growth. NVIDIA unveiled two new products for its EGX Edge AI platform in May 2020: the EGX A100 for larger commercial off-the-shelf servers and the EGX Jetson Xavier NX for micro-edge servers, both of which provide high-performance and secure AI computing. Hospitals, supermarkets, farms, and factories may use the NVIDIA EGX Edge AI platform to handle and secure huge quantities of data coming from trillions of edge sensors in real time. The technology enables remote deployment, management, and updating of server fleets in a secure manner.
The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Data Center Accelerator market. The data centre market in China is developing as global and domestic companies increasingly turn to cloud service providers (CSPs) and colocation solutions. Organizations seeking improved connectivity and scalable solutions for their growing operations have outstripped the current supply of data centres in the country. The Chinese government's investments in technology growth have resulted in a rise in the use of cloud-based services like Big Data Analytics and the Internet of Things (IoT). International investors are attracted to various government changes, such as the development of free trade zones in Shanghai. The need for high-density, redundant data centres is causing a change in data centre construction and development in the United States. For instance, in June 2017, AMD (US) and Baidu (China) partnered to develop a comprehensive and open ecosystem to handle the rising need for data centre workloads and improve human-computer interaction.
Major market player included in this report are:
Intel Corporation
Google Inc.
NVIDIA Corporation
Xilinx Inc.
IBM Corporation
Advanced Micro Devices Inc.
Marvell Technology
Qualcomm Technology
AVOXI
Alphabet Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Processor:
CPU
GPU
FPGA
ASIC
By Application:
Deep learning training
Public cloud interface
Enterprise interface
By Type:
Cloud data center
HPC data center
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Data Center Accelerator Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors