Hardware Acceleration Market size was valued at US$ 10.36 Bn. in 2021 and the total revenue is expected to grow at 49.2% through 2021 to 2029, reaching nearly US$ 254.62 Bn.
Hardware Acceleration Market Overview:
The Hardware Acceleration Market study is based on thorough research, qualitative and quantitative assessment by industry experts, and inputs from professionals in the field and supply chain players. The research examines parent market trends, macroeconomic data, and controlling variables in-depth, as well as market attractiveness by segment. The qualitative influence of key market variables on market segments and regions is also mapped out in the study.
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Hardware Acceleration Market Scope:
This Hardware Acceleration market review examines the latest developments, regulatory frameworks, trade analysis, business model, supply chain utilization, market dominance, the impact of residential and localized market participants, assessments possibilities in terms of evolving revenue spots, shifts in market regulations, tactical industry growth analysis, sales volume, categorical market growth, implementation niches and dominance, product releases, global coverage, and, product launches. Contact Stellar Market Research for an Analyst Brief to learn more about the Hardware Acceleration market. Our staff will assist you in making an educated market decision to achieve market growth.
Hardware Acceleration Market Segmentation
The global hardware acceleration market is divided into three segments based on type: graphics processing units, video processing units, and others. With a xx% market share in 2021, the Graphics Processing Unit category had the most share. The rise is attributed to the broad adoption of GPU in various industries. GPU-enabled hardware acceleration benefits users in all supported applications, including watching videos, playing games, and performing any task requiring quick arithmetic computations. It also makes browsing and media viewing in browsers much smoother, which boosts market expansion. In 2021, GPU hardware acceleration for AI applications gained popularity. This growth has continued into deep learning applications for both inference and training in devices such as driverless cars, military robots, agricultural robots, and more.
The global hardware acceleration market is divided into several segments based on verticals, including IT and Telecom, BFSI, Retail, Hospitality, Logistics, Automotive, Healthcare, Energy, and Others. In 2021, the BFSI segment accounted for x% of the total market share. Hardware accelerators are expected to be in high demand in the banking and financial services, information technology, and technology sectors due to the ongoing need for enhanced performance in these areas. In addition, the IT and telecom sectors’ present investments in developing nations like China and India are probably going to increase demand for hardware accelerators there.
1 Global Hardware Acceleration Market, by Type (2021-2029)
• Video Processing Unit
• Graphics Processing Unit
o AI Accelerator
o Regular Expression Accelerator
o Cryptographic Accelerator
• Others
2 Global Hardware Acceleration Market, by Application (2021-2029)
• Deep Learning Training
• Public Cloud Inference
• Enterprise Inference
• Others
3 Global Hardware Acceleration Market, by Industry Vertical (2021-2029)
• IT and Telecom
• BFSI
• Retail
• Hospitality
• Logistics
• Automotive
• Healthcare
• Energy
• Others
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Hardware Acceleration Market Key Players:
To extend their presence in emerging nations and eventually broaden their client base, the key players in the market are embracing different growth tactics such as agreements and strategic alliances, as well as new product debuts. The following are some of the major participants in the Hardware Acceleration market:
• 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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Regional Analysis:
Individual market affecting elements and changes in market legislation that affect present and future marketing strategies are also discussed in the country-focused discussion of the Hardware Acceleration market study. Some of the primary elements utilized to anticipate the market situation for particular nations are consumer volumes, processing facilities, and inventories, shipping analysis, price predictive modeling, price of raw materials, and upstream and downstream value chain analysis. While offering forecast analysis of the national data, the existence and affordability of global brands, as well as the obstacles they face due to significant or limited rivalry from local and domestic manufacturers, the influence of local tariffs, and shipping lanes are all taken into account.
COVID-19 Impact Analysis on Hardware Acceleration Market:
The COVID-19 outbreak resulted in a severe and prolonged decline in production efficiency, while travel bans and factory closures kept people away from their businesses, leading the Hardware Acceleration market to slow in 2020. The new research features pandemic’s impact on the Hardware Acceleration# market, as well as observations, research, estimations, and projections. The Stellar Hardware Acceleration Market Research study contains an in-depth examination of customer behavior in the aftermath of the virus, as well as its influence on the Hardware Acceleration market’s outlook, classification, trends, and economic constraints.
Key Questions Answered in the Hardware Acceleration Market Report are:
- What are the drivers motivating overall Hardware Acceleration market advancement in the upcoming period?
- What revenue potential is estimated from the Hardware Acceleration market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Hardware Acceleration market in the approaching period?
- Who are the significant contenders functioning in the Hardware Acceleration market?
- Which region is leading the global Hardware Acceleration market share at the end of the forecast period?
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