Dublin, July 18, 2024 (GLOBE NEWSWIRE) -- The "Global Data Center Accelerator Market by Processor (GPU, CPU, ASIC, FPGA), Type (Cloud Data Center, HPC Data Center), Application (Deep Learning Training, Enterprise Inference), End-user (IT & Telecom, Healthcare, Energy) and Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
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. Rising focus on parallel computing in AI data centers is driving the growth of the data center accelerator market. Whereas premium pricing of accelerators is restraining the growth of the data center accelerator market.
The report segments the data center accelerator market and forecasts its size by technology, offering, device type, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions - North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the data center accelerator ecosystem.
The HPC data center segment is expected to grow at the second highest CAGR during the forecast period
The HPC data center segment is expected to exhibit the highest CAGR of 7.7% during the forecast. The demand for data center accelerators in high-performance computing (HPC) data centers is driven by the need for enhanced computational power, efficiency, and speed in processing large-scale, complex workloads. This surge is further fueled by the expansion of cloud computing services, which offer scalable HPC resources to businesses and researchers. Additionally, the rise of big data analytics and the Internet of Things (IoT) contribute to the demand for robust and efficient data center infrastructures capable of supporting intensive workloads and ensuring high-speed data processing and storage.
The public cloud inference segment is likely to grow at the second higher CAGR during the forecast period
The public cloud inference segment is expected to grow at second higher CAGR of 33.7% during the forecast period. Public Cloud Inference is driven by the increasing need for rapid and efficient processing of vast amounts of data, especially for machine learning and artificial intelligence applications. As businesses and consumers continue to generate and utilize more data, the reliance on accelerators to maintain high performance and scalability in public cloud infrastructures is becoming more critical.
The Asia Pacific segment is likely to grow at the second highest CAGR during the forecast period.
The market in Asia Pacific is expected to witness the second highest CAGR of 28.4% during the forecast period. the region witnessed substantial investments in technology infrastructure, driven by both government initiatives and private enterprises aiming to establish robust data ecosystems. The rise of 5G networks further amplified data generation and processing requirements, necessitating efficient data center solutions.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $109.9 Billion |
| Forecasted Market Value (USD) by 2029 | $372.9 Billion |
| Compound Annual Growth Rate | 27.7% |
| Regions Covered | Global |
Key Topics Covered:
Executive Summary
- Data Center Accelerator Market, 2020-2029 (USD Million)
- GPU Segment to Witness Highest CAGR During Forecast Period
- Enterprise Inference Application to Exhibit Highest CAGR During Forecast Period
- Healthcare Vertical to Record Highest CAGR During Forecast Period
- North America to be Fastest-Growing Market During Forecast Period
Premium Insights
- Attractive Growth Opportunities for Key Players in Data Center Accelerator Market - Increasing Data Volumes and Pressing Need for Fast and Efficient Data Processing to Drive Market
- Data Center Accelerator Market for GPU Processors, by Vertical - IT & Telecom Segment to Secure Largest Share of Data Center Accelerator Market for GPU Processors in 2029
- Data Center Accelerator Market for Deep Learning Training Application, by Processor - GPU Processors to Dominate Market for Deep Learning Training Application Throughout Forecast Period
- Data Center Accelerator Market in North America, by Country -Canada to Record Highest CAGR in North American Market During Forecast Period
- Data Center Accelerator Market for Cloud Data Centers, by Region -Asia-Pacific to Witness Highest CAGR in Market for Cloud Data Centers During Forecast Period
- Data Center Accelerator Market, by Region -North America to Hold Largest Share of Global Market in 2029
- Data Center Accelerator Market, by Country - Canada to Record Highest CAGR in Global Market During Forecast Period
Market Dynamics
Drivers
- Increasing Data Volumes and Pressing Need for Fast and Efficient Data Processing
- Growing Demand for Cloud-based Services
- Rising Focus on Parallel Computing in AI Data Centers
- Surging Adoption of Deep Learning Technology in Big Data Analytics
- Increasing Demand for Data Center Accelerators from Enterprises and Researchers
Restraints
- Premium Pricing of Accelerators
- Shortage of AI Hardware Experts
- Need for Highly Specialized Infrastructure
Opportunities
- Emergence of FPGA-based Accelerators
- Proliferation of Mlaas Offerings
Challenges
- Unreliability of AI Algorithms
- Complex AI Mechanisms
- High Energy Consumption by Data Centers
Key Technologies
- Tensor Processing Unit (TPU)
Complementary Technologies
- High-Bandwidth Memory (HBM)
Adjacent Technologies
- Artificial Intelligence (AI)
- Edge Computing
Case Study Analysis
- Nvidia and Oak Ridge National Laboratory Collaborate to Accelerate Scientific Simulations with GPU-Powered Supercomputing
- Xilinx Powers Alibaba Cloud FaaS with AI Acceleration Solution for E-Commerce Business
- AMD's Accelerator Card Helps Kuaishou Optimize ASR Service
- Clemson University Researchers Leverage Nvidia NGC Containers to Simplify HPC Application Deployment and Focus on Complex Tasks
Companies Featured
- Nvidia
- Intel
- Advanced Micro Devices
- Micron Technology
- Qualcomm Technology
- IBM
- Alphabet
- Marvell
- Dell Inc.
- Achronix Semiconductor
- Graphcore
- Huawei Technologies
- Fujitsu
- Skyworks Solutions
- Sambanova Systems
- Hewlett Packard Enterprise Development
- NEC
- Lattice Semiconductor
- Microchip Technology
- Leapmind
- Qnap Systems
- Mips
- Synopsys
- Semptian
- Cisco Systems
For more information about this report visit https://www.researchandmarkets.com/r/a2m2d6
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