The accelerator card market has seen exponential growth in recent years, with a forecast increase from $14.67 billion in 2023 to $20.24 billion in 2024 at a remarkable CAGR of 38%. This historical growth is fueled by a surge in demand for high-performance computing, the rise of big data analytics, increasing complexity in data centers, the proliferation of cloud computing, the need for energy-efficient solutions, and ongoing digital transformation initiatives across various industries. Looking ahead, the market is set to expand dramatically to $73.55 billion by 2028, growing at a CAGR of 38.1%. This growth is attributed to escalating demands for high-performance computing, a rising number of data centers, greater adoption of cloud services, and an increased focus on energy-efficient computing. Key trends anticipated in this period include advancements in AI and machine learning applications, enhancements in high-performance computing, integration into edge computing solutions, and further developments in accelerator technologies.
Major Driver In The Accelerator Card Market
The accelerator card market is expected to experience robust growth as digitization transforms business landscapes. By converting information into digital formats, organizations enhance efficiency, boost automation, and drive productivity. The U.S. digital economy, contributing $3.70 trillion in gross output and representing 10.3% of GDP in 2021, emphasizes the essential role of accelerator cards in supporting this digital transition. The need for advanced computational power is crucial for handling modern workloads, propelling market growth.
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Accelerator Card Market Competitive Landscape
Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Oracle Corporation, Micron Technology Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, NVIDIA Corporation, Advanced Micro Devices Inc., ASUSTeK Computer Inc., NetApp Inc, Marvell Technology Group, Synopsys Inc., Microsemi Corporation, Inspur Group, Socionext Inc., Lattice Semiconductor Corporation, IEI Integration Corporation, Achronix Semiconductor Corporation
Key Accelerator Card Market Trend
In the accelerator card market, leading companies are offering AI-enabled solutions to boost performance across various applications. AI-enabled accelerator cards are specialized hardware that accelerates artificial intelligence workloads. Advanced Micro Devices, Inc. introduced the AMD Alveo MA35D media accelerator in April 2023, designed for data centers with two 5nm ASIC-based video processing units. This innovative card supports advanced video processing for AV1 compression, delivering up to four times greater channel density, reduced latency in 4K, and enhanced compression efficiency compared to previous solutions. The integrated AI processor further elevates its functionality, making it ideal for large-scale live interactive streaming services.
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Accelerator Card Market Segmentation
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
By Geography:The regions covered in the accelerator card market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the accelerator card market in 2023.
The Accelerator Card Global Market Report 2024 furnishes information about the global accelerator card market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
