Global Data Center Accelerators Business Report 2023: With Slowing Down of Moore's Law, The Rising Need for Coprocessors to Boost Market - Forecasts to 2030
DUBLIN, Nov. 30, 2023 /PRNewswire/ -- The "Data Center Accelerators - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Data Center Accelerators Market to Reach $351.5 Billion by 2030
The global market for Data Center Accelerators estimated at US$33.4 Billion in the year 2022, is projected to reach a revised size of US$351.5 Billion by 2030, growing at a CAGR of 34.2% over the analysis period 2022-2030. GPU, one of the segments analyzed in the report, is projected to record 32.1% CAGR and reach US$128.5 Billion by the end of the analysis period. Growth in the CPU segment is estimated at 36.1% CAGR for the next 8-year period.
The data center business has demonstrated resilience amid the challenges posed by the COVID-19 pandemic and economic uncertainties. The shift towards digital infrastructure has played a pivotal role in keeping data centers afloat during these trying times. Data centers serve as the foundation for successful digital transformation, and companies have experienced an accelerated pace of change in their digitalization efforts.
The surge in demand for data centers can be attributed to the prevalence of remote working, which has become the new normal. Cloud data centers, with their dynamic scaling capabilities, have been crucial in accommodating the increased remote workforce. Furthermore, the automation of data centers gained significant attention during COVID-19 lockdowns, highlighting their importance as information powerhouses for modern organizations.
Data center accelerators, a key component of data center infrastructure, have seen notable developments. Graphics Processing Units (GPUs) lead the data center accelerators market, with the Field-Programmable Gate Array (FPGA) segment witnessing high growth. Enterprise inference is identified as the fastest-growing application.
The U.S. Market is Estimated at $10.6 Billion, While China is Forecast to Grow at 33% CAGR
Developed regions are at the forefront of the global data accelerator market. In terms of competition, various vendors are actively engaged in the FPGA space for data center accelerator design. Intel has made substantial investments in FPGAs, while NVIDIA retains a commanding position in the market. Market players are also intensifying their acquisition efforts to bolster their AI portfolios, reflecting the growing significance of data center accelerators in the evolving digital landscape. Recent market activities indicate the dynamism and competitiveness of this sector.
The Data Center Accelerators market in the U.S. is estimated at US$10.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a proected market size of US$58 Billion by the year 2030 trailing a CAGR of 33% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 30.4% and 29.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 23.9% CAGR.
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SOURCE Research and Markets