Data Center Accelerator to Grow at a CAGR of 46.6% during the forecast period of 2022-2029: Key Trends and Drivers
Data center
accelerator market is expected to gain market growth in the forecast period of
2022 to 2029. Data Bridge Market Research analyses the data center accelerator
market to exhibit a CAGR of 46.6% for the forecast period of 2022
to 2029.
A data center
accelerator is basically a software program or hardware device which enhances
the overall performance of the computer by processing visual data. Moreover,
they also generally assist in increasing the consumer-centric data demand and
enhancing the use of artificial intelligence (AI)-based services to propel the
demand for AI-driven data centers, this, in turn, improves the performance of
data center.
Data Center Accelerator
Market research
report has put forth a bench-marking example for a vibrant market that explores
several recommendations and practical growth strategies in relation to the
market. The market report covers a wide spectrum of regions and also focuses on
key regions that include North America, Europe, Asia Pacific, Middle East,
South America, and the Middle East & Africa (MEA). The chapter of the
competitive landscape is presented well in the market research report and is
analyzed based on the tools such as Porter’s five forces analysis. The study
throws light upon market attractiveness where all the segments are arranged
based on the compound growth rate, size, and general attractiveness.
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The rising
focus towards parallel computing in artificial intelligence (AI) data
centers and escalating number of companies offering machine learning across the
world will emerge as the major factor driving market growth. Furthermore, the
high development in cloud-based services and increasing demand for AI in HPC
data centers along with rising demand for enhancement of application
performance and increase consumer-driven data demand will further
aggravate the market value. The mounting need for data centers and cloud
resources from both the business viewpoint and consumer service has led to the
development of large-scale public cloud data centers are projected to
boost the overall growth of the market. However, premium pricing of accelerators
and dearth of AI hardware specialists act as a restraint for the market. The
limited AI hardware experts is also projected to hamper market’s growth within
the forecasted period.
An excellent Data bridge market
research report covers the systematic and comprehensive market research study,
to provide the facts and figures allied with any subject in the field of
marketing. With the specific and state-of-the-art information presented in this
industry report, businesses can be aware about the types of consumers,
consumer’s demands and preferences, their perspectives about the product, their
buying intentions, their response to particular product, and their varying
tastes about the specific product already existing in the Semiconductors and Electronics industry.
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