Hardware Acceleration Market Highlights
The Global Hardware Acceleration Market is expected to grow from USD 3.12 billion in 2018 to USD 50 Billion by 2025, at a CAGR of 49% during the forecast period. Hardware acceleration has become an important tool in computer systems ranging from high-performance PCs to low-power smartphones. The hardware acceleration has applications in deep learning, machine learning, public cloud inference, and enterprise inference, among others.
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It uses dedicated hardware to accelerate a task so that it runs faster and more efficiently than on the CPU alone. Moreover, hardware accelerators implemented in FPGAs offer a scalable solution for performance-limited systems. Other alternatives for increasing system performance include choosing higher performance components or increasing the system clock frequency. Although these other solutions are effective, in many cases, they lead to additional cost, power usage, or design time.
The global hardware acceleration market has been segmented on the basis, type, application, end user, and region.
Based on type, the global hardware acceleration market has been segmented into video processing unit, graphics processing unit, AI accelerator, regular expression accelerator, cryptographic accelerator, and others. Among these, the graphics processing unit segment, followed by the cryptographic accelerator segment, holds the largest market share owing to their wide scope of application in several industries. The AI accelerator is expected to be the fastest-growing segment during the forecast period owing to its use in various AI-related applications.
Based on end user, the market has been segmented into information technology and telecommunication, BFSI, retail, hospitality, logistics, automotive, healthcare, energy, and others. The information technology and telecommunication followed by BFSI segment is dominating the market as enterprises in these sectors are investing in advanced technologies to boost their company’s performance.
On the basis of region, the market has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America. North America accounts for the largest market share as countries such as US and Canada are the early adopters of new technologies.
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The key players in the hardware acceleration market are NVIDIA Corporation (US), Intel Corporation (US), Advanced Micro Devices, Inc. (US), Achronix Semiconductor (US), Oracle Corporation (US), Xilinx, Inc. (US), IBM Corporation (US), Hewlett Packard Enterprise Company (US), Dell (US), and Lenovo Group Limited (China).
Other prominent players studied for the hardware acceleration market are Fujitsu Ltd (Japan), Cisco Systems, Inc. (US), VMware, Inc. (US), Enyx (France), HAX (US), Revvx (India), AlphaLab Gear (US), HWTrek (Taiwan), Wazer (China), and Teradici (Canada).
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