The global Data Center Accelerator market size is estimated to be USD 21.2 billion in 2022 and is projected to reach USD 64.0 billion by 2027, at a CAGR of 24.7% during the forecast period.
The Data Center Accelerator market is highly consolidated, with the presence of giant companies, SMEs, and startup companies. Major players operating in the Data Center Accelerator market have witnessed consistent revenue growth from 2018 to 2021. The companies achieved their positions by launching new and innovative products. Various companies are deploying different strategies to excel in the Data Center Accelerator market. They are trying to broaden their revenue stream by adopting inorganic business strategies such as acquisitions, collaborations, contracts, and agreements, which have helped companies enhance their products and expand their geographic reach.
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Intel Corporation holds a strong product portfolio in the data center accelerator market. It focuses on developing innovative products and solutions and strengthening the product development team across the world for innovations, which helps modify and extend its product line regularly. The R&D team focuses on developing processors for different industries and gaining an advantage over competitors. The companys R&D expenditure has been increasing over the years, which makes it evident that it has been focusing on product modifications and developments. The company focuses on strategic partnerships and acquisitions for profitable and sustainable growth. It offers a wide variety of processors. It aims to provide its customers with value-added products and focuses on developing products based on emerging technologies. The companys diverse production facilities will provide growth opportunities and meet its business expansion plans.
NVIDIA Corporation has been a world leader in the visual computing business. It provides hardware and solutions. Its portfolio includes hardware, software, and services, which allows it to cater to various applications, such as gaming and entertainment, workstation computers, and the public cloud. The company has a well-established geographic footprint and mainly deals with major OEMs/ODMs worldwide. The company continues to lead in the development of new products for the AI market. NVIDIA DGX system is one of the companys most prominent portfolios of purpose-built AI supercomputers. It has a strong focus on R&D, which helps establish a strong position in the data center accelerator market.
Advanced Micro Devices, Inc offers a wide array of products pertaining to computer processors and related technologies for business and consumer applications. NVIDIA Corporation focuses more on new developments such as product development, launches, and deals like collaborations and partnerships in order to sustain its competitive presence and portfolio in the data center accelerator market. With respect to the data center accelerator market, its offerings mainly include processors and GPUs for customers and businesses. The company reported an improvement in financial performance owing to the multiple product launches in the data center accelerator market during the review period. A strong financial performance improves investors confidence in the company and enables it to pursue its expansion plans.
Data Center Accelerator Market by Processor Type (CPU, GPU, FPGA, ASIC), Type (HPC Data Center, Cloud Data Center), Application (Deep Learning Training, Public Cloud Interface, Enterprise Interface) and Region - Global Forecast to 2027
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