Data Center Accelerator Market: Industry Trends, Growth Drivers, Challenges, and Forecasts"

 


Industry Analysis

Data Bridge Market Research predicts that the data center accelerator market will experience significant growth between 2022 and 2029, with a projected CAGR of 46.6%.


Market Insights and Scope

The main driver of market growth in the field of artificial intelligence (AI) is the increasing focus on parallel computing in AI data centers, as well as the growing number of companies worldwide that offer machine learning services. Additionally, the market value will be further enhanced by the high development in cloud-based services, the rising demand for AI in High-Performance Computing (HPC) data centers, and the increasing need for application performance enhancement and consumer-driven data demand. The growing demand for data centers and cloud resources, both from a business perspective and for consumer services, has resulted in the development of large-scale public cloud data centers, which is expected to boost the overall growth of the market. However, the premium pricing of accelerators and the shortage of AI hardware specialists are factors that may limit market growth. The limited number of AI hardware experts is also projected to hinder the market's growth during the forecast period.


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