The data center accelerator market is expected to reach USD 21.19 billion by 2023 from USD 2.84 billion by 2018, at a CAGR of 49.47% from 2018 to 2023
NEW YORK, Sept. 3, 2018 /PRNewswire/ -- Data center accelerator market to grow at 49.47% CAGR during 2018–2023
The data center accelerator market is expected to reach USD 21.19 billion by 2023 from USD 2.84 billion by 2018, at a CAGR of 49.47% from 2018 to 2023. The focus toward parallel computing in AI data centers is a major factor driving the market. However, premium pricing of accelerators is a restraining factor for the data center accelerator market growth.
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Market for FPGA to grow at highest CAGR during forecast period
The market for FPGA is expected to grow at the highest CAGR during the forecast period owing to the increasing adoption of FPGAs for the acceleration of enterprise workloads. Also, FPGAs are associated with advantages such as rapid prototyping, shorter time-to-market, reprogram ability in the field for debugging, and longevity.
Market for enterprise interface to grow at highest CAGR during forecast period
The market for enterprise interface is expected to grow at the highest CAGR during the forecast period.The market for enterprise interface is expected to gain traction in the coming years on the back of the hyper-scale cloud-based companies—such as Google (US), Facebook (US), and Amazon (US)—which are more focused on digital transformation to build similar types of cloud-native applications; this is a key factor contributing to the growth of the market for this application.
The cloud-native application development requires a new set of tools, methodologies, and underlying IT infrastructure. With the availability of both open-source and commercial software, the cloud-native architecture has been widely adopted by enterprises.
Data center accelerator market in APAC to grow at highest CAGR during forecast period
The market in APAC is expected to grow at the highest CAGR during the forecast period.The growth of the data center accelerator market in APAC is mainly attributed to the organizations in APAC that prefer deploying a hybrid cloud.
The organizations are adopting a mix of on-premise, third-party, co-location, private cloud, hosted cloud, and public cloud—depending on nature of workloads, legacy decisions made by the team, budgets, technology maturity within the organization, etc.North America is expected to hold the largest share of the market by 2018.
Key reasons attributing to the growth is the increasing demand for sophisticated infrastructure and services in North America, which makes data center owners opt for the ANSI/TIA-942 standard and also, encourages them to continually invest in upgrading their equipment and processes.
Following is the breakdown of primary participants' profiles by different parameters:
• By Company type: Tier 1 – 45%, Tier 2 – 32%, and Tier 3 – 23%
• By Designation: C-Level – 30%, Directors – 45%, and Others –25%
• By Region: North America – 26%, Europe – 40%, APAC – 22%, and RoW – 12%
Key players operating in the market include NVIDIA (US), Intel (US), Alphabet (US), Advanced Micro Devices (US), Achronix Semiconductor (US), Oracle (US), Xilinx (US), IBM (US), HP (US), Dell (US), Lenovo (China), Fujitsu (Japan), and Cisco (US).
Research Coverage:
The report covers the market segmented on the basis of processor type, application, type, and geography. It offers a detailed view of the market across 4 main regions—North America, Europe, APAC, and RoW (comprising the Middle East and Africa, and South America).
Reasons to Buy the Report:
• This report includes statistics pertaining to the data center accelerator market, by processor type, application, type, and geography.
• The report details the major drivers, restraints, challenges, and opportunities for the data center accelerator market.
• It includes illustrative segmentation, analysis, and forecast for the data center accelerator market based on its segments and subsegments.
Read the full report: https://www.reportlinker.com/p05494008
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