The accelerator card global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Accelerator Card Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The accelerator card market size has grown exponentially in recent years. It will grow from $14.67 billion in 2023 to $20.24 billion in 2024 at a compound annual growth rate (CAGR) of 38%. The growth in the historic period can be attributed to increase in demand for high-performance computing, rise of big data analytics, increase in complexity of data centers, increase in proliferation of cloud computing, increase in need for energy-efficient computing solutions, and the expansion of digital transformation initiatives across various industries.
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.
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Scope Of Accelerator Card Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Accelerator Card Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
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.
Key Companies –
Major companies operating in the accelerator card market are 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
Table of Contents
1. Executive Summary
2. Accelerator Card Market Report Structure
3. Accelerator Card Market Trends And Strategies
4. Accelerator Card Market – Macro Economic Scenario
5. Accelerator Card Market Size And Growth
…..
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
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