Accelerator Card Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

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The Accelerator Card Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Accelerator Card Global Market Report 2024, The accelerator card market size is expected to see exponential growth in the next few years. It will grow to $73.55 billion in 2028 at a compound annual growth rate (CAGR) of 38.1%. The growth in the forecast period can be attributed to growing demand for high-performance computing, increasing proliferation of data centers, increasing adoption of cloud services, rise in big data analytics, and increasing need for energy-efficient computing solutions. Major trends in the forecast period include advancements in AI and machine learning applications, advancements in high-performance computing, adoption of cloud services, integration in edge computing solutions, and advancements in accelerator technologies.

The rise in digitization is expected to propel the growth of the accelerator card market going forward. Digitization is the process of converting information into a digital format that computers can read. The growing digitization is contributed by improved efficiency and automation, accelerated innovation, increased productivity, and growing internet adoption. Accelerator cards are crucial for advancing digitization, offering the computational power, efficiency, and flexibility needed to effectively manage modern digital workloads and applications. For instance, in November 2022, according to the U.S. Bureau of Economic Analysis (BEA), a US-based government organization, in 2021, the U.S. Digital economy contributed $3.70 trillion in gross output, $2.41 trillion in value added (representing 10.3 percent of the U.S. Gross domestic product (GDP)), and $1.24 trillion in compensation. Therefore, the rise in digitization is driving the growth of the accelerator card market.

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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

Major companies operating in the accelerator card market offers AI-enabled accelerator cards to enhance performance in various applications. AI-enabled accelerator cards are specialized hardware components that accelerate artificial intelligence (AI) workloads. For instance, in April 2023, Advanced Micro Devices, Inc., a US-based company, introduced the AMD Alveo MA35D media accelerator, an AI-enabled video encoding card for data centers. This device features two 5nm Asic-based video processing units (VPUS) designed for advanced video processing capabilities specifically to support the AV1 compression standard. It is tailored to drive a new generation of large-scale live interactive streaming services. The Alveo MA35D offers up to quadruple the channel density, achieves up to four times lower latency in 4K, and provides 1.8 times greater compression efficiency compared to previous solutions, all while maintaining equivalent VMAF scores, a widely used metric for video quality. Additionally, the accelerator includes an integrated AI processor for enhanced functionality.

The accelerator card market report table of contents includes:

1. Executive Summary
2. Accelerator Card Market Characteristics
3. Accelerator Card Market Trends And Strategies
4. Accelerator Card Market – Macro Economic Scenario
5. Global Accelerator Card Market Size and Growth
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32. Global Accelerator Card Market Competitive Benchmarking
33. Global Accelerator Card Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Accelerator Card Market
35. Accelerator Card Market Future Outlook and Potential Analysis
36. Appendix