According to the report titled ‘Global Data Center Accelerator Market Size study, by Type (cloud data center, HPC data center) Processor (CPU, GPU, FPGA, ASIC) Application (Deep learning training, public cloud interface, enterprise interface) and Regional Forecasts 2021-2027’, available with Market Study Report, global data center accelerator market was worth USD 10 billion in 2020 and is anticipated to expand at 36.7% CAGR during 2021-2027, thereby accumulating USD 89.2 billion by the end of the analysis period.
 

Factors like adoption of embedded Artificial Intelligence (AI) systems in data centers, progress in could-based services, coupled with surging demand for AI in HPC data centers are propelling the growth of global data center accelerator market.
 

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In addition, increase in the number of companies offering machine learning opportunities, strong demand for application performance enhancement, and high consumer-driven data demand impelling the industry share. Creation of large-scale public data centers to cater to corporates as well as consumers, and adoption of virtual reality (VR) and augmented reality (AR) for digital customer involvement are further boosting the industry development.
 

As per reliable sources, in May 2020, American tech company Nvidia Corporation launched two products, namely EGX A100 and EGX Jetson Xavier NX for its EGX AI platform. These products are aimed at providing high-performance and secured AI computing which can be adopted in farms, hospitals, factories, supermarkets, etc. Such innovative launches by industry players will stimulate revenue inflow.
 

On the contrary, costly accelerators, lack of AI hardware professionals, unpredictability of AI algorithms, and inclusion of AI models and processes in cloud are the major challenges slowing down the progress of the market.
 

Speaking of geographical landscape, Asia Pacific data center accelerator industry is anticipated to record significant growth over 2021-2027, with China having flourishing data center sector, owing to inclination of global and domestic companies towards cloud services providers (CSPs) and colocation solutions. Moreover, organizations are on a lookout for improved connectivity and efficient solutions, which along with huge investments by Chinese government to support technical advancements with growing usage of Big data analytics, Internet of Things, and other cloud-based services are augmenting the industry outlook.
 

Key players in global data center accelerator market are Alphabet, Inc., Intel Corporation, AVOXI, Inc., Google LLC, Qualcomm Technologies, Inc., Nvidia Corporation, Marvell Technology, Inc., Xilinx, Inc., Advanced Micro Devices, Inc., and IBM Corporation.