USD 10.1 billion
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)), By Application(Video and Image Processing, Machine Learning) - Industry Forecast 2024-2031
Report ID:
SQMIG45K2110 |
Region:
Global |
Published Date: May, 2024
Pages:
197
|
Tables:
93 |
Figures:
80
Accelerator Card Market Insights
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).
Accelerator cards are used to provide additional computing power and accelerate various workloads to boost operational efficiency. Growing popularity of cryptocurrency mining operations around the world and rising adoption of cloud computing are key factors driving sales of accelerator cards over the coming years. Accelerator cards are also programmable, which makes them highly versatile yet highly application specific as well for users. Increasing artificial intelligence and high-performance computing loads are projected to bolster the adoption of accelerator cards in the future. The growing number of data centers and the increasing load on cloud computing platforms will further create new growth prospects for accelerator card companies. However, the high costs of accelerator cards and challenges with integration of the same with legacy infrastructure are estimated to slow down accelerator card market growth in the long run.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Cloud Accelerator
Fastest Growth
High-Performance Computing Accelerator
Growth Rate
39.1% CAGR
Global Accelerator Card Market ($ Bn)
Country Share for North America Region (%)
Global Accelerator Card Market By Type ($ Bn)
Global Accelerator Card Market By Type (%)
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Accelerator Card Market Segmental Analysis
The global accelerator card market is segmented based on type, processor type, application and region. In terms of type, the market is bifurcated into high-performance computing accelerator and cloud accelerator. Based on application, the market is divided into video and image processing, machine learning, financial computing, data analytics, mobile phones, and others. Based on processor type, the market is bifurcated into central processing units (CPU), graphics processing units (GPU), field programmable gate arrays (FPGA), and application-specific integrated circuits (ASIC). Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
Cloud accelerators account for a dominant share of the global accelerator card market owing to high adoption of cloud technology and cloud platforms around the world. Advancements in cloud technology and rising use of cloud platforms by different enterprises around the world also contribute to this segment's dominance.
Meanwhile, growing application scope of high-performance computing in different industry verticals is projected to boost the demand for high-performance computing accelerators over the coming years. High use of artificial intelligence and growing machine learning workloads are also boosting market growth via this segment.
Analysis by Processor Type
Graphic processing units (GPUs) are forecasted to account for a substantial share of the global accelerator card market. High use of GPUs in different specialized 2D and 3D visual processes and growing use of the same for different cryptocurrency mining applications also allows this segment to maintain its dominance.
However, the demand for application-specific integrated circuits (ASIC) is projected to increase rapidly CAGR across the forecast period. ASICs are programmable circuits that can be used for specific applications and accelerate the hardware performance of a system to the best of its capacity. High use of ASIC miners and growing application scope of ASICs in AI and machine learning also help boost market growth.
Global Accelerator Card Market By Type, 2022 (%)
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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.
Global Accelerator Card Market By Region, (2024-2031)
- Largest
- Fastest
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Accelerator Card Market Dynamics
Drivers
Increase In AI Workloads
- 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.
Growing Demand for Cloud Computing
- High adoption of IoT (Internet of Things) and rising popularity of cloud technologies has bolstered the demand for cloud computing, which in turn is projected to favor accelerator card market development as well.
Restraints
High Costs
- Accelerator cards are quite expensive as compared to other types of hardware acceleration methods and this is why companies with limited budgets cannot integrate them in their infrastructure and this hurts market growth going forward.
Integration Challenges
- Accelerator cards are highly advanced pieces of hardware that are not easy to integrate with any system and the challenge is quite complex when it comes to legacy systems. Therefore, this complex integration issue is slated to hurt accelerator card sales outlook.
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Accelerator Card Market Competitive Landscape
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 global 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 global presence.
Top Player’s Company Profiles
- 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
Recent Developments
- In April 2023, AMD, a renowned name in the semiconductor business, launched an ASIC-Based Accelerator Card. This new 5nm accelerator card is specifically designed for content creators and media professionals
- In July 2023, Intel, a leading provider of processors and CPUs, announced the launch of a new accelerator card for the Chinese market. Habana Gaudi 2 is an accelerator card designed specifically for deep learning applications.
Accelerator Card Key Market Trends
- 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.
Accelerator Card Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing computing workloads and rising demand for high-performance computing in different industry verticals are projected to primarily drive the demand for accelerator cards. On the contrary, the high costs of accelerator cards and complex integration processes are slated to impede market growth going forward. North America is slated to account for a major chunk of the global accelerator card market share owing to the high number of hyperscale data centers and the presence of key technology companies in this region. Accelerator card companies should focus on the customization trend to keep themselves relevant in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.1 billion |
| Market size value in 2031 | USD 196.9 billion |
| Growth Rate | 39.1% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Accelerator Card Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Accelerator Card Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Accelerator Card Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Accelerator Card Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Accelerator Card Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Accelerator Card Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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