DUBLIN--(BUSINESS WIRE )--The "Data Center Accelerator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global data center accelerator market size reached US$ 11.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 55.7 Billion by 2027, exhibiting a CAGR of 29.52% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Data center accelerators perform complex computational functions to facilitate a significant increase in the performance of data centers. They consume less power due to their resource-sharing capability with the main processor and reduce the overall cost by improving power efficiency.
They can also speed up deep learning, machine learning (ML), and high-performance computing (HPC) workloads of modern data centers. At present, the rising need to increase the networking bandwidth is propelling the use of data center accelerators for managing complex data sets and analytics workloads with optimal performance and rapid efficiency.
A shift towards remote working culture on account of the coronavirus disease (COVID-19) outbreak and strict lockdown in various countries has positively influenced the use of artificial intelligence (AI) to ease business operations. This is driving the need for data center accelerators to manage AI workloads.
Apart from this, due to escalating demand for accelerated computing, there is a rise in the adoption of on-demand graphics processing unit (GPU) cloud computing-based solutions that can run compute-intensive workloads and offer high bandwidth. This is contributing to the growth of the market.
Moreover, gaming companies are focusing on expanding their online cloud gaming services using hardware-based GPU virtualization to support real personal computer (PC) gameplay. This, in confluence with the increasing number of individuals who want to experience realistic online games, is strengthening the market growth.
Furthermore, rising number of enterprises are offering machine learning (ML) as a cloud service for applications in voice recognition, fraud detection, voice search, recommendation engines, sentiment analysis, image recognition, and motion detection. This is anticipated to expand the applications of data center accelerators worldwide.
Key Questions Answered in This Report:
5 Global Data Center Accelerator Market
6 Market Breakup by Accelerator Type
7 Market Breakup by Processor Type
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900