How Is The Global Accelerator Card Market defined?
Accelerator card refers to a specialized hardware device that boosts a computer's performance by taking over particular tasks from the central processing unit (CPU). They work alongside the main CPU to offload and accelerate computations, improving overall system performance for demanding tasks.
Accelerator Card Global Market Report 2024 provides data on the global accelerator card market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The accelerator card market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Accelerator Card Market Size And Annual Growth Rates?
The accelerator card market has seen exponential growth, increasing from $14.67 billion in 2023 to $20.24 billion in 2024 at a CAGR of 38%. This surge is attributed to rising demand for high-performance computing, the growth of big data analytics, increasing complexity of data centers, proliferation of cloud computing, energy-efficient computing solutions, and digital transformation across industries. Looking ahead, the market is anticipated to reach $73.55 billion by 2028 at a CAGR of 38.1%, fueled by the growing need for high-performance computing, expansion of data centers, adoption of cloud services, growth in big data analytics, and energy-efficient solutions. Major trends include advancements in AI and machine learning, innovations in high-performance computing, integration with edge computing, and progress in accelerator technologies.
Which Key Drivers Are Propelling The Accelerator Card Market's Growth?
The increasing pace of digitization is expected to accelerate growth in the accelerator card market. Digitization, which involves transforming information into a digital format, is driven by factors like improved efficiency, automation, innovation, and widespread internet adoption. Accelerator cards are critical for managing modern digital workloads efficiently, enhancing the digitization process. For instance, in 2021, the U.S. digital economy contributed $3.70 trillion in gross output, representing 10.3% of the nation’s GDP. This highlights the growing reliance on digital technologies, which is boosting the need for accelerator cards.
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What Are The Key Segments Within The Global Accelerator Card Market?
The accelerator card market covered in this report is segmented –
1) By Type: High-Performance Computing Accelerator, Cloud Accelerator
2) By Processor Type: Central Processing Units (CPU), Graphics Processing Units (GPU), Field Programmable Gate Arrays (FPGA), Application Specific Integrated Circuits (ASIC)
3) By Application: Video And Image Processing , Machine Learning, Financial Computing, Data Analytics, Mobile Phones
How Are New Trends Impacting The Size Of The Accelerator Card Market?
Companies in the accelerator card market are enhancing performance across various sectors by introducing AI-enabled accelerator cards. These specialized hardware components are designed to speed up AI workloads. A case in point is the launch of the AMD Alveo MA35D media accelerator by Advanced Micro Devices, Inc., a U.S.-based company, in April 2023. This AI-powered video encoding card is equipped with two 5nm Asic-based video processing units (VPUs) to support advanced video processing, especially for the AV1 compression standard. It achieves greater compression efficiency, reduces latency, and offers up to four times the channel density compared to earlier versions, while incorporating an AI processor for added functionality.
Which Region Drives The Highest Growth In The Accelerator Card Market?
North America was the largest region in the accelerator card market in 2023. The regions covered in the accelerator card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
