Global Data Center Accelerator Market Analysis 2023 – Market Size And Key Drivers

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The Data Center Accelerator Global Market Report 2023 by The Business Research Company, provides data center accelerator market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Data Center Accelerator Global Market Report 2023, the market size is expected to grow from $14.25 billion in 2022 to $18.74 billion in 2023 at a compound annual growth rate (CAGR) of 31.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the data center accelerator is expected to grow to $75.44 billion in 2027 at a CAGR of 41.6%.

The surge in the demand for cloud-based services is expected to propel the growth of the data center accelerator market going forward. Cloud-based services refer to the services that are provided over the internet or by dedicated networks, which help in providing on-demand services and are also used for payment. Cloud-based services increase operational efficiency, and many firms have begun to use cloud infrastructure to improve their operations. By using cloud servers, more data can be stored and you can have easy access to that data. As a result of the growing demand for cloud-based services, the market for data center accelerators will grow.

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The data center accelerator market is segmented:

1) By Processor Type: CPU (Central Processing Unit), GPU (Graphics Processing Unit), FPGA (Field-Programmable Gate Array), ASIC (Application-specific Integrated Circuit)

2) By Type: HPC Accelarator, Cloud Accelerator

3) By Application: Deep Learning, Public Cloud Interface, Enterprise Interface

4) By End-User: Telecommunication &IT, Healthcare, BFSI, Government, Energy, Other End Users

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. For instance, in April 2020, Alibaba cloud, a China-based cloud computing company invested $28.21 billion to boost its cloud business, after the pandemic the company is going to invest this amount in core technologies and the development of future-oriented data centers over the next three years. Alibaba Cloud intends to add more data centers to its existing 63 availability zones, which span 21 countries and include Australia, Indonesia, Malaysia, and Singapore.

The data center accelerator market report table of contents includes: