The global data center accelerator market is projected to reach US$130.3 billion in 2023 and a CAGR of 24% between 2023 to 2032.
Data center accelerator is the hardware or software that enhances computer performance to handle complex visual data. It also helps to support increasing consumer demand for the data and improve the utilization of AI-powered services. Data center accelerators can be implemented as a hardware or as a software programme that can be installed on a computer’s operating system.
According to GlobeNewswire, among the factors that affect the growth of the data center accelerator market include the growing AI use in HPC data centers, increasing demand for performance, the rise in cloud based services and advancing technology. Due to the expanding influence of artificial intelligence in the technology industry, there has been a significant surge in data production and processing. As a result, the market for data center accelerators has witnessed a boost.
Artificial intelligence research has been the focus in various industries. In February this year, the South Korean Science Ministry announced the opening of a massive computing data center for artificial intelligence research as part of the country’s strategy to create a top-tier AI research network.
But the application of advanced technology does have an impact on data centers. According to Graphical Research (2022), the need for data center power is anticipated to rise over the next four years due to the spread of new technologies including artificial intelligence (AI), the internet of things (IoT), 5G, and cloud. These technologies are also anticipated to be integrated into the systems utilized by manufacturing companies leading to a growing pressure on the IT infrastructure.
