Global datacenter accelerator market is projected to expand at 40% CAGR through 2026, driven by surging AI and machine learning workload adoption.
According to The Business Research Company's Data Center Accelerator Global Market Report 2022, the data center accelerator market size is expected to grow from $11.00 billion in 2021 to $14.36 billion in 2022 at a compound annual growth rate (CAGR) of 30.6%. The market size is projected to reach $55.85 billion in 2026 at a CAGR of 40.4%. The surge in demand for cloud-based services is expected to propel the data center accelerator market growth going forward.
The data center accelerator market consists of the sales of data center accelerators by entities including organizations, partnerships, and sole proprietors that are used to improve the operational efficiency of computers. A data center accelerator is a software program or hardware device that improves the computer's overall performance by handling visual data. These devices aid in raising consumer-centric data demand and improving the use of artificial intelligence (AI)-based services to propel the demand for AI-driven data centers, which improves data center performance.
Investing in building next-generation data centers is the key trend gaining popularity in the data center accelerator market. Major companies operating in the data center accelerator sector are focused on investing in building next-generation data centers to strengthen their position.
The global data center accelerator market is segmented by processor type into CPU (Central Processing Unit), GPU (Graphics Processing Unit), FPGA (Field-Programmable Gate Array), and ASIC (Application-specific Integrated Circuit). By type, the market includes HPC Accelerator and Cloud Accelerator segments. Applications span Deep Learning, Public Cloud Interface, and Enterprise Interface, while end-users include Telecommunication and IT, Healthcare, BFSI, Government, Energy, and Others. Geographically, the market spans North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa, with North America accounting for the largest share.
Key market players include Intel Corporation, Fujitsu Limited, Advanced Micro Devices Inc., Achronix Semiconductor Corporation, Xilinx Inc, Google LLC, IBM Corporation, Semptian Co. Ltd, Micron Technology Inc., Advantech Co. Ltd., HP Inc., Cisco Systems, NEC Corporation, and Lenovo. The report provides data across 60 geographies including China, USA, India, Japan, South Korea, Germany, France, UK, Australia, Brazil, Indonesia, and Russia.