Dublin, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The "Data Center Accelerator - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019-2029" report has been added to ResearchAndMarkets.com's offering.
The data center accelerator market is expected to surge from USD 9.89 billion in 2023 to an estimated USD 19.20 billion by 2028. This growth, occurring at a compound annual growth rate (CAGR) of 14.19% during the forecast period, aligns with the burgeoning requirement for sophisticated AI applications and the rapid adoption of cloud services.
Technological Innovations and Cost-effective Solutions Spurring Market Growth
The push for enhanced networking bandwidth, paired with the optimization of AI-centric workloads, is redefining the contours of modern data centers. Industry leaders are focusing on innovative products and technologies that guarantee not only high performance and efficiency but also reduced total cost of ownership (TCO) and energy consumption.
FPGAs Emerge as a Significant Segment in Data Processing
The FPGA segment is anticipated to see robust expansion within the market. These programmable silicon devices are integral in myriad industrial applications, facilitating parallel real-time performance essential for big data analytics, network configuration, and cloud computing data centers.
Asia-Pacific’s Pivotal Role in Market Expansion
With pivotal progressions in IT infrastructure across Asia-Pacific, the region is expected to contribute sizably to the global market. Investments by multinational corporations in large-scale data centers and government initiatives are substantial factors bolstering this upsurge.
Competitive Landscape Defined by Strategic Collaborations and Innovations
The market landscape is characterized by the emergence of key players such as Intel Corporation, NVIDIA Corporation, and Advanced Micro Devices Inc., who are employing partnerships and acquisitions to introduce cutting-edge solutions. These strategies are concocted to cultivate a durable competitive edge and to accommodate the diverse, evolving needs of data center acceleration.
- Advancements in distributed services platforms, courtesy of mergers like that between AMD and Pensando Systems, offer an expansive range of high-performance DPUs.
- Anchor collaborations, such as between Alphawave IP and Intel Foundry Services, underscore the emphasis on advanced connectivity solutions for data centers.
The intricate insights provided in the analysis are instrumental in shedding light on the transformative landscape of the data center accelerator market. The content encompassing key trends, market restraints, and extensive application computations is envisaged to be a valuable asset for stakeholders in making informed decisions.
As digital economies forge ahead, particularly in the aftermath of the COVID-19 pandemic, the criticality of efficient digital infrastructure cannot be overstated. With comprehensive market analyses, industry players can anticipate and navigate the rapidly evolving demands of the data center accelerator landscape.
A selection of companies mentioned in this report includes:
- Intel Corporation
- NVIDIA Corporation
- Advanced Micro Devices Inc.
- Achronix Semiconductor Corporation
- Xilinx Inc. (Advanced Micro Devices Inc.)
- NEC Corporation
- Dell Technologies Inc.
- IBM Corporation
- Cisco Systems Inc.
- Qualcomm Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/8vf9gl
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