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According to a comprehensive research report by Market Research Future (MRFR), “Accelerator Card Market” Research Report: By Processor Type, Accelerator Type, and Application – Forecast Till 2032, The reports further predict the market to flourish at a robust CAGR of over 40.40% during the assessment timeframe.
Key players
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The global accelerator card market is likely to achieve a whopping growth rate during the decade. Increased funding and support from public & private organizations and venture capitalists would positively impact the market growth. According to Market Research Future (MRFR), the global accelerator card industry valuation will rise exponentially by 2032, growing at a staggering 40.40% CAGR throughout the review period (2023-2032).
Accelerator cards allow businesses to scale up their operations and offer a superior customer experience. Due to growing digitization and automation, the need for data processing has increased enormously over the past couple of years. Additionally, more data has been generated from mobile sources such as vehicles and smartphones. Therefore, the most demanding and complex applications, from networking and AI analytics to financial trading, require low latency and real-time performance.
However, achieving this level of performance requires expensive hardware development. Advanced accelerator cards can eliminate these barriers, allowing software developers to create and deploy software-defined, hardware-accelerated applications quickly. Resultantly, the accelerator card market is witnessing exponential traction across the globe.
In mobile/online banking, accelerator cards offer an easy payment approach to financial services to deliver free basic services by bypassing the high costs of physical bank branches and staff. As the world goes digital, banking cards are possibly the last physical touch-point between payment companies and consumers. Thus, accelerator cards enhance the financial services landscape allowing them to deliver a seamless and delightful mobile-first experience.
The growth in cloud computing adoption and growing demand for AI and high-performance computing technologies, alongside the rise in data center numbers, accelerate the market growth. Further, the rising integration of emerging technologies and the significant increase in online video content offer vast opportunities for the global accelerator card market.
Smartphones are integrated with several components, like processors, memory, and graphic accelerator. The accelerator card industry was significantly influenced by COVID-19 globally. On one side, the pandemic caused significant revenue losses to most sectors. Conversely, the rising need for rapid data processing and analytics across verticals created considerable Accelerator Card Market demand.
This scenario presented several opportunities for the market players. The Accelerator Card Market is estimated to grow exponentially further during the assessment period. Moreover, the rising integration of artificial intelligence and machine learning is predicted to continue to bolster market growth in future years. The growing adoption of effective accelerator cards in various industrial technologies, such as automotive, healthcare, and aerospace & defense, would boost the market size.
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Industry Trends
The emergence of AI video analytics platforms with an ecosystem of partner solutions is a major accelerator card market trend. Accelerator cards are extensively used to accelerate the most complex and latency-sensitive AI video inferencing applications. Besides, the integration of video machine-learning streaming servers in data centers to deliver whole application acceleration and support multiple neural networks on a single accelerator card influences the market growth.
The demand for the lowest TCO video analytics applications with deterministic sub-100ms pipeline latency pushes the growth of the Accelerator Card Market. On the other hand, factors impeding the accelerator card market’s growth include high manufacturing costs and the lack of technical expertise required to design & integrate accelerator cards with emerging technologies.
Segments
The accelerator card market forecast is segmented into processor types, accelerator types, applications, and regions. The processor type segment is sub-segmented into central processing units (CPU), graphics processing units (GPU), field-programmable gate arrays (FPGA), application-specific integrated circuits (ASIC), and others. The accelerator type segment is sub-segmented into high-performance computing accelerators, cloud accelerators, and others. The application segment is sub-segmented into video & image processing, machine learning, financial computing, data analytics, mobile phones, and others.
Regional Analysis
North America dominates the global accelerator card market. The strong presence of major key players, such as Intel Corporation, Xilinx, Inc, and NVIDIA Corporation, in the region positively impacts the accelerator card industry size. Besides, factors such as the augmenting demand for advanced data analytics platforms and quality video & image processing drive the region’s accelerator card market share.
The US and Canada are major accelerator card markets in the region. The North American accelerator card industry is predicted to retain its dominance over the global market throughout the forecast period.
Europe holds the second-best position globally in terms of accelerator card market revenue. Factors such as the increasing adoption of AI, machine learning, and IoT-based systems and the rising demand for better efficiency and productivity of overall processes influence the market growth. The spurring rise in manufacturing sectors also boosts the region’s accelerator card size.
The Asia Pacific is witnessing significant growth in the accelerator card industry value. The increasing adoption of AI, IoT, data analytics, and other technologies & solutions in various industries drives market growth. Moreover, the spurring rise in Smartphone markets and demand for automated systems and fast networks & processors drives the accelerator card industry in the region.
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Competitive Analysis
The accelerator card market is estimated to witness several strategic partnerships alongside other strategic initiatives such as expansion, collaboration, mergers & acquisitions, and product & technology launches. Leading industry players invest significantly to drive research and development activities and expansion plans.
For instance, on Feb. 27, 2023, Hewlett Packard Enterprise (HPE) and Nokia announced a partnership to offer Cloud RAN solutions to communication service providers (CSPs) and enterprises. The partnership will enable HPE telecom servers to be available to Nokia Mobile Networks while Cloud RAN is deployed in the CSP network. The HPE ProLiant DL110 Telco server can support up to three Nokia accelerator cards together in a short-depth 1U platform.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
