Accelerator Card Industry Report 2024: Market to Reach

Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) — The “Accelerator Card Market Report 2024” report has been updated ResearchAndMarkets.com Offer.

The accelerator card market 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 accelerator card market is expected to witness exponential growth in the next few years. In 2028, it will grow to $73.55 billion at a compound annual growth rate (CAGR) of 38.1%.

In the accelerator card market, the main types include high-performance computing accelerators and cloud accelerators. High performance computing (HPC) accelerators are hardware devices optimized to significantly increase the computing power and efficiency of HPC systems. They include different types of processors such as central processing units (CPU), graphics processing units (GPU), field-programmable gate arrays (FPGA), and application-specific integrated circuits (ASIC). These accelerators find applications in various areas such as video and image processing, machine learning, financial informatics, data analysis and mobile devices.

The growth in the historical period can be attributed to several factors: the growing demand for high-performance computing, the rise of big data analytics, the increasing complexity of data centers, the proliferation of cloud computing, the increasing demand for energy-efficient computing solutions and much more digital expansion Transformation initiatives in various industries.

During the forecast period, growth will be driven by increasing demand for high-performance computing, increasing penetration of data centers, increasing adoption of cloud services, growth in big data analytics and increasing need for energy-efficient computing solutions. Key trends expected during this period include advances in AI and machine learning applications, developments in high performance computing, increasing adoption of cloud services, integration with edge computing solutions, and advances in accelerator technologies.

The increasing trend of digitalization will lead to significant growth in the accelerator cards market. Digitalization is about converting information into a format that computers can process efficiently. This change is being driven by advances in efficiency, automation, innovation acceleration, increased productivity and increasing Internet usage.

Accelerator cards play a critical role in advancing digitalization by providing the computing power, efficiency and adaptability required to effectively manage modern digital workloads and applications. For example, in November 2022, the US Bureau of Economic Analysis reported a significant contribution of the digital economy in 2021, with gross output of $3.7 trillion, value added of $2.41 trillion (equivalent to 10.3% of the US -GDP) and gross production of $1.24 trillion in compensation. This highlights how the digitalization push is directly driving growth in the accelerator card market.

Major companies in the accelerator card market are offering AI-enabled cards to boost performance in various applications. These specialized hardware components accelerate the artificial intelligence workload. For example, Advanced Micro Devices, Inc. introduced the AMD Alveo MA35D media accelerator in April 2023. Designed for data centers, this AI-ready video encoding card features two 5nm ASIC-based video processing units (VPUs) optimized for advanced video processing. specifically supports the AV1 compression standard. It significantly increases channel density, reduces 4K latency and improves compression efficiency compared to previous solutions, while maintaining high video quality levels through built-in AI processing capabilities.

North America was the largest region in the accelerator card market in 2023. The regions covered in the accelerator cards market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Accelerator Cards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Market leaders for accelerator cards are:

• Dell Technologies Inc.
  • overview
  • Products and Services
  • strategy
  • Financial performance
• Huawei Technologies Co. Ltd.
• Lenovo Group Limited
• Intel Corporation
• International Business Machines Corporation

Accelerator card market Other large and innovative companies

• 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.

Key attributes:

Key topics covered:

1. Summary

2. Accelerator Card Market Characteristics

3. Accelerator Card Market Trends and Strategies

4. Accelerator Card Market – Macroeconomic Scenario
4.1. Effects of high inflation on the market
4.2. Impact of the war between Ukraine and Russia on the market
4.3. Impact of COVID-19 on the market

5. Size and growth of the global accelerator cards market
5.1. Global Accelerator Card Market Drivers and Restraints
5.1.1. Drivers of the market
5.1.2. Market restrictions
5.2. Historical Market Size and Growth of Global Accelerator Cards, 2018-2023, Value (Billion US Dollars)
5.3. Global Accelerator Card Market Size and Growth, 2023-2028, 2033F, Value (Billion US Dollars)

6. Accelerator Card Market Segmentation
6.1. Global Accelerator Card Market, Segmentation by Type, Historical and Forecast, 2018-2023, 2023-2028F, 2033F, Billion US Dollars

• High performance computing accelerator
• Cloud accelerator

6.2. Global Accelerator Cards Market, Segmentation by Processor Type, Historical and Forecast, 2018-2023, 2023-2028F, 2033F, Billion US Dollars

• Central processing units (CPU)
• Graphics processors (GPU)
• Field programmable gate arrays (FPGA)
• Application Specific Integrated Circuits (ASIC)

6.3. Global Accelerator Card Market, Segmentation by Application, History and Forecast, 2018-2023, 2023-2028F, 2033F, Billion US Dollars

• Video and image processing
• Machine learning
• Financial informatics
• Data analysis
• Mobile phones

7. Regional and Country Analysis of Accelerator Cards Market
7.1. Global Accelerator Card Market Split by Region, Historical and Forecast, 2018-2023, 2023-2028F, 2033F, Billion US$
7.2. Global Accelerator Card Market Split by Country, History and Forecast, 2018-2023, 2023-2028F, 2033F, Billion US Dollars

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