Data Center Accelerator Market Size was valued at US$ 14.09 Billion in 2023, which is estimated to reach USD 16.92 billion in 2024 and USD 70.95 billion by 2031, growing at a CAGR of 22.72% from 2024 to 2031.

Market Definition:

The market refers to the industry focused on hardware devices, like GPUs, FPGAs, and ASICs, designed to enhance the processing power and efficiency of data centers.

Discover Key Industry Trends @ https://www.kingsresearch.com/data-center-accelerator-market-1838

List of Key Companies in Data Center Accelerator Market:

• NVIDIA Corporation
• IBM
• Dell Inc.
• Advanced Micro Devices, Inc.
• Qualcomm Technologies, Inc.
• Marvell
• Intel Corporation
• Micron Technology, Inc.
• Achronix Semiconductor Incorporated
• Lattice Semiconductor
• Lenovo
• Microchip Technology Inc.
• NEC Corporation
• Synopsys, Inc.
• Voltron Data

Recent Developments:

In 2024, NVIDIA launched the H200 Tensor Core GPU, claiming a 60% performance increase over its predecessor for AI inference workloads.

Google Cloud expanded its TPU v5 offering across more regions, enhancing accessibility for global AI developers.

AMD completed the integration of Xilinx, boosting its capabilities in adaptive computing and AI acceleration.

Intel announced the launch of the Gaudi 3 AI processor, targeting the generative AI market with improved price-performance ratios.

Startups like Groq and Graphcore are entering the space with novel architectures optimized for AI acceleration.

Opportunities and Growth Prospects:

Despite challenges, the market presents numerous opportunities:

AI-as-a-Service (AIaaS): Demand for cloud-based AI solutions will spur integration of accelerators into managed platforms.

Green Data Centers: Development of energy-efficient accelerators supports sustainability goals.

Quantum Computing Synergy: Emerging research explores the hybrid use of accelerators with quantum processors.

Customized Hardware Solutions: Industry-specific accelerators are being developed for healthcare, finance, and defense.

Outlook: 2025 and Beyond

The data center accelerator market stands at the forefront of a computing revolution. As AI, cloud, and edge computing become more pervasive, the role of accelerators will only intensify. With continuous innovation, strategic investments, and supportive regulatory frameworks, the market is expected to sustain its exponential growth trajectory.

By 2030, data center accelerators will not only power AI-driven enterprises but also redefine operational models in industries ranging from autonomous transportation to personalized medicine. The convergence of AI, HPC, and real-time analytics will drive demand for more intelligent, efficient, and scalable accelerator solutions.

Related Reports and Latest Industry Development News:

RightTouch raised over 800 million yen in its Series A round

Soar Inks Consulting contract with OPERA Solutions Inc.

TIER IV, CMU Team Up to Advance “Level 4+” Autonomy