Accelerator Card Market Size, Share, Growth Analysis, By Type(High-Performance Computing Accelerator, and Cloud Accelerator), By Processor Type(Central Processing Units (CPU), Graphics Processing Units (GPU), Field Programmable Gate Arrays (FPGA), and Application Specific Integrated Circuits (ASIC)), By Application(Video and Image Processing, Machine Learning, Financial Computing, Data Analytics), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Accelerator Card Market?

Global Accelerator Card Market size was valued at USD 10.1 billion in 2022 and is poised to grow from USD 14.05 billion in 2023 to USD 196.9 billion by 2031, growing at a CAGR of 39.1% in the forecast period (2024-2031).

Report ID: SQMIG45K2113 | Region: Global | Published Date: May, 2024
Pages: 197 | Tables: 93 | Figures: 80

Accelerator Card Market Regional Insights

North America is estimated to account for a substantial share of the global accelerator card market owing to the presence of multiple data centers and rising demand for high-performance computing. High adoption of cloud technology is also forecasted to augment the demand for accelerator cards in this region. Canada and the United States are forecasted to be the leading markets for accelerator card companies in this region. Rising number of hyperscale data centers in this region will also promote accelerator card adoption in the future.

Meanwhile, the demand for accelerator cards in the Asia Pacific region is slated to rise at a robust pace over the coming years. Growing digitization and rising use of cloud-based applications and platforms are forecasted to boost accelerator card market growth in the future. China, India, and Japan are estimated to be the most opportune markets for accelerator card companies in this region going forward. Rising demand for streaming services and growing proliferation of digital technologies are setting the tone for accelerator card market development in this region.

Accelerator Card Market Report Snapshots

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Accelerator Card Market size was valued at USD 10.1 billion in 2022 and is poised to grow from USD 14.05 billion in 2023 to USD 196.9 billion by 2031, growing at a CAGR of 39.1% in the forecast period (2024-2031).

Accelerator card companies should invest heavily in the research and development of new products that are much more affordable than what’s currently available in the marketplace. Accelerator card market players can also focus on collaborating with cloud technology providers to develop specialized and custom accelerator cards. Mergers and acquisitions will remain highly lucrative strategies for companies looking to expand their market share and presence. 'AMD', 'Ditto Labs', 'FUJITSU', 'Cisco Systems, Inc.', 'IBM', 'AVOXI', 'Clarifai, Inc.', 'Lattice Semiconductor', 'Microsemi', 'NVIDIA', 'Mellanox Technologies', 'Xilinx', 'Vantis PLC', 'Intel', 'Leap Motion', 'Algolux', 'SiliconBlue Technologies', 'Mad Street Den Inc.', 'Lenovo', 'Microsoft', 'HP', 'Dell', 'Cypress Semiconductor Corporation', 'Supermicro'

Artificial intelligence technology is advancing at an exponential pace, and this is why AI workloads are increasing rapidly around the world. Accelerator cards play a crucial role in efficient management of this increased AI workload.

Customization: Accelerator card manufacturers should focus on collaborating or partnering with various companies to create custom accelerator cards that are designed for specific applications. This will help companies expand their sales potential and give them a competitive edge over other market players.

North America is estimated to account for a substantial share of the accelerator card market owing to the presence of multiple data centers and rising demand for high-performance computing. High adoption of cloud technology is also forecasted to augment the demand for accelerator cards in this region. Canada and the United States are forecasted to be the leading markets for accelerator card companies in this region. Rising number of hyperscale data centers in this region will also promote accelerator card adoption in the future.

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Accelerator Card Market Regional Insights

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