According to the market analysis report titled ‘Data Center Accelerator Market Size By Processor Type (Central Processing Unit (CPU), Graphic Processing Unit (GPU), Field Programmable Gate Array (FPGA), Application Specific Integrated Circuit (ASIC)), By Type (High Performance Computing (HPC) Accelerator, Cloud Accelerator), By Application (Deep Learning Training, Public Cloud Interface, Enterprise Interface), By End-Use (IT & Telecom, Healthcare, BFSI, Government, Energy, Manufacturing), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028’, available with MarketStudyReport, global data center accelerator market is slated to amass a substantial valuation by 2028.

Growing setup of hyper scale data centers across the globe, along with steady adoption of IoT and cloud computing in different industry verticals are propelling data center accelerator market growth.

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Further, burgeoning demand for high performance computing, technological advancements, and proliferation of data analytics, machine learning, and AI are the factors aiding in rapid product uptake.

Despite the positive outlook, the expensive nature of raw materials, lack of skilled labor, and the need for high functioning infrastructure may impede the growth trajectory of the market during the analysis timeframe.

Based on processor type, the CPU sub-segment is expected to garner a substantial valuation during the analysis timeframe, attributable to the ability of a CPU to process complex instructions and tasks.

Speaking of application scope, the public cloud interface sub-segment of data center accelerator industry is expected to gain considerable traction by 2028, creditable to surge in demand for cloud computing in SMEs.

From the application perspective, the healthcare sub-segment is expected to generate record remarkable renumeration during the analysis timeframe, ascribed to proliferation of digitalization in the healthcare sector.

Geographically, Latin America is fast emerging as profitable region for the market, due to rapidly developing data centers in the landscape.

Considering the competitive framework, key players such as Xilinx Inc., Western Digital Corporation, Synopsys Inc., Skyworks Solutions Inc., Qualcomm Inc., Nvidia Corporation, NEC Corporation, Micron Technology Inc., Microchip Technology Inc., Marvell Technology Inc., Lenovo Group Ltd, Lattice Semiconductor Corporation, IBM Corporation, Intel Corporation, Huawei Technologies Co. Ltd., Dell Inc., Advantech Co. Ltd., Advanced Micro Devices Inc., and Achronix  Semiconductor are the major players influencing data center accelerator market trends.