Hardware Acceleration Market: Explosive Growth with 49.2% CAGR from 2024 to 2030

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Hardware Acceleration Market size was valued at US$ 22.92 Bn. in 2023 and the total revenue is expected to grow at 49.2% through 2024 to 2030, reaching nearly US$ 377.36 Bn.

Hardware Acceleration Market Overview:

The hardware acceleration market is experiencing significant growth, driven by technological advancements, strategic mergers and acquisitions, and increasing demand for high-performance computing across industries. As businesses across various sectors seek faster processing speeds and improved efficiency, hardware acceleration has become a critical component in achieving these goals. The market, projected to grow at a substantial rate from 2024 to 2030, is bolstered by key developments and partnerships in countries like Vietnam, Thailand, Singapore, Japan, South Korea, the United States, and European countries. Companies are embracing innovations in artificial intelligence (AI), cloud computing, and data analytics, further fueling market dynamics.

 

 

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Mergers and Acquisitions in the Hardware Acceleration Market:

The hardware acceleration market is seeing notable mergers and acquisitions as companies aim to expand their capabilities, enhance product offerings, and access new geographical markets. These strategic moves are key to staying competitive in a rapidly evolving landscape.

Recent Mergers and Acquisitions:

  • United States: NVIDIA Corporation, a leader in hardware acceleration, has acquired Arm Holdings for $40 billion. This acquisition enables NVIDIA to integrate advanced hardware design with its graphics processing units (GPUs), enhancing its position in AI and machine learning applications. The merger is expected to drive significant growth in the AI accelerator market.
  • South Korea: Samsung Electronics has acquired Viv Labs, an AI-driven hardware acceleration company, to enhance its hardware products with intelligent processing capabilities. The acquisition is expected to provide Samsung with the tools to lead in AI-powered consumer electronics and hardware solutions.
  • Japan: Sony Corporation has partnered with Fujitsu to integrate hardware acceleration technologies into its next-generation gaming consoles and cloud platforms. This strategic collaboration is focused on enhancing gaming performance and reducing latency in real-time online interactions.
  • Germany (Europe): Intel has completed a strategic acquisition of VNV Holdings, a German-based technology firm specializing in hardware acceleration for blockchain and encryption. This move strengthens Intel’s position in the secure computing market, especially in applications requiring high-speed cryptography.
  • Vietnam & Thailand: Viettel Group and Thai Electronics have partnered to provide innovative hardware acceleration solutions in Southeast Asia. The partnership focuses on AI-driven hardware acceleration, particularly for cloud computing and enterprise applications. This collaboration will enhance infrastructure in the region, providing more efficient processing solutions.

 

 

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Hardware Acceleration Market Segmentation:

by Type

Video Processing Unit
Graphics Processing Unit
AI Accelerator
Regular Expression Accelerator
Cryptographic Accelerator
Others

The hardware acceleration market is divided into three segments: video processing units, graphics processing units, and others. The Graphics Processing Unit sector had the greatest market share in 2023. The widespread use of GPUs in a variety of industries has contributed to the increase. Customers benefit from GPU-enabled hardware acceleration in all supported programs, such as streaming videos, playing games, or doing anything that involves rapid mathematical computations, and in the browser, it allows for much smoother surfing and media viewing, leading to market expansion. GPU hardware acceleration for AI work gained popularity in 2023 and continues to expand in applications such as deep learning for both inference and training in autonomous vehicles, military robots, agricultural robots, and other devices.

by Application

Deep Learning Training
Public Cloud Inference
Enterprise Inference
Others

by Industry

Vertical IT and Telecom
BFSI
Retail
Hospitality
Logistics
Automotive
Healthcare
Energy
Others

The Hardware Acceleration market is divided into several segments, including IT & Telecom, BFSI, Retail, Hospitality, Logistics, Automotive, Healthcare, Energy, and Others. In 2023, the BFSI segment accounted for the greatest market share. Because of the ongoing quest for greater performance in this sector, the banking and financial services, as well as the information technology and technology industries, are expected to witness high demand for hardware accelerators. In addition, recent telecom and IT industry investments in developing countries such as India and China are expected to fuel demand for hardware accelerators.

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Hardware Acceleration Market Key Players:

NVIDIA Corporation
Intel Corporation
Advanced Micro Devices, Inc
Achronix Semiconductor
Oracle Corporation
Xilinx, Inc
IBM Corporation
Hewlett Packard Enterprise Company
Dell
Lenovo Group Limited
Fujitsu Ltd
Cisco Systems, Inc.
VMware, Inc.
Enyx
HAX
Revvx
AlphaLab Gear
HWTrek
Wazer
Teradici

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Key Developments by Region:

The hardware acceleration market is seeing strong regional development, with several countries leading the charge in innovation and implementation of hardware acceleration technologies.

Vietnam: Vietnam’s growing tech ecosystem is set to benefit from the hardware acceleration boom. Viettel Group has launched a series of AI-driven hardware solutions aimed at improving data center performance and accelerating cloud computing capabilities. The country’s push toward digital transformation in its infrastructure sector is expected to increase demand for hardware acceleration in industries such as finance, education, and telecommunications.

Thailand: Thailand is investing heavily in IT infrastructure, with a focus on enhancing data centers, cloud computing services, and AI capabilities. Companies like Thai Electronics are partnering with global players to deliver hardware acceleration technologies to local enterprises, aiming to boost their digital transformation efforts.

Singapore: Singapore remains a hub for technology-driven innovations in Southeast Asia. The government’s “Smart Nation” initiative supports the adoption of hardware acceleration technologies to drive AI, data analytics, and IoT across sectors. Singapore-based Broadcom has recently expanded its hardware acceleration portfolio, focusing on high-speed data transmission for enterprise and government sectors.

Japan & South Korea: Both Japan and South Korea are at the forefront of advanced computing technologies. In Japan, companies like Sony and Fujitsu are leading the charge in integrating hardware acceleration into entertainment, gaming, and cloud services. Meanwhile, in South Korea, Samsung and SK hynix are innovating in the semiconductor space, integrating AI-driven hardware acceleration for next-generation mobile devices and data centers.

United States: In the U.S., major players like NVIDIA, Intel, and AMD continue to dominate the hardware acceleration market. The increasing demand for AI-powered solutions in various industries, including autonomous vehicles, cloud computing, and enterprise software, has led to exponential growth in the sector.

European Union: In the European Union, countries like Germany, France, and the UK are investing in hardware acceleration technologies to enhance industrial applications, from AI and big data processing to cybersecurity and blockchain. The European Commission is also promoting hardware innovation as part of its Digital Europe Programme, which aims to improve the continent’s technological capabilities.

 

 

 

 

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Key Players in the Hardware Acceleration Market:

  • NVIDIA Corporation: NVIDIA is a dominant player in the hardware acceleration market. The company’s strategic acquisition of Arm Holdings enables it to extend its reach in AI, machine learning, and data analytics. NVIDIA’s GPUs are widely used in data centers, automotive industries, and AI applications, driving the growth of hardware acceleration globally.
  • Intel Corporation: Intel continues to expand its role in hardware acceleration with the integration of AI capabilities into its processors. The company’s recent acquisition of VNV Holdings strengthens its portfolio for blockchain applications and encryption. Intel’s hardware accelerators are widely used in cloud computing, AI, and edge computing solutions.
  • Samsung Electronics:Samsung is making significant strides in hardware acceleration, particularly in the mobile and consumer electronics sectors. With the acquisition of Viv Labs, Samsung is poised to revolutionize hardware acceleration for AI applications in smartphones, wearables, and home appliances.

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