According to a market report by Lucintel, the future of the data center accelerator market looks promising with opportunities in the deep learning training, public cloud interface, and enterprise interface applications. The global data center accelerator market is expected to reach an estimated $45.2 billion by 2028 with a CAGR of 17.1% from 2023 to 2028. The major drivers for this market are escalating demand for cloud-based services, growing requirement for customer-driven data among industries, and increasing adoption of internet of things, big data analytics, and artificial intelligence across the globe.
In this market, GPU, CPU, FPGA, and ASIC are the major segments of data center accelerator market by processor. Lucintel forecasts that GPU is expected to witness highest growth over the forecast period due to its considerable application in financial modelling, pharmacological research, training and inference for AI, medical imaging, and supercomputing.
Within this market, deep learning training is expected to remain the largest segment due to its widespread use in the automotive industry like self-driving vehicles, speech recognition, image recognition, text categorization, and insurance claim cost estimation.
North America will remain the largest region due to the existence of well-established technological and data center infrastructure, presence of key players, and growing number of hyperscale data centers in the region.
Advanced Micro Devices, NVIDIA, Intel, Qualcomm Technologies, Advantech, Achronix Semiconductor, and Micron Technology are the major suppliers in the global data center accelerator market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]