Global Hardware Acceleration Market, By Type (Graphics Processing Unit, Video Processing Unit, AI Accelerator, Regular Expression Accelerator, Cryptographic Accelerator, Others), Application (Deep Learning Training, Public Cloud Inference, Enterprise Inference, Others), End User (Information Technology and Telecommunication, BFSI, Retail, Hospitality, Logistics, Automotive, Healthcare, Energy, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Hardware Acceleration Market
Data Bridge Market Research analyses the hardware acceleration market will exhibit a CAGR of 49.20% in the forecast period of 2021 to 2028 and is expected to reach USD 84,871.53 million by 2028.
Hardware acceleration is a type of a procedure in which a computer’s hardware is used to execute some functions on a standard central processing unit (CPU). It is basically used with important computing operations and tasks, such as video or graphics processing.
The rise in the demand of hardware acceleration technique in computer systems from high performing PCs to low power smartphone’s is a major factor expected to the boost the growth of the hardware acceleration market in the forecast period of 2021 to 2028. Furthermore, the increasing production and adoption of PCs and Smartphone’s, high demand of graphics processing units by various industries to perform tasks more proficiently, increasing need of hardware acceleration for video encoding and decoding as well as the high adoption of hardware acceleration tool in deep learning and machine learning applications are also expected to fuel the expansion of hardware acceleration market in the above mentioned forecast period.
However, the high cost and the inability to support all of the 2D drawing operations are expected to hamper the expansion of the hardware acceleration market.
- In addition, the evolving technology and the rapid innovation in AI robotics, self-driving vehicles, drones, smart appliances, and industrial IoT will create ample opportunities for hardware acceleration market in the forecast period of 2021 to 2028.
This hardware acceleration market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hardware acceleration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hardware Acceleration Market Scope and Market Size
The hardware acceleration market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the hardware acceleration market has been segmented into graphics processing unit, video processing unit, AI accelerator, regular expression accelerator, cryptographic accelerator and others.
- On the basis of application, the hardware acceleration market has been segmented into deep learning training, public cloud inference, enterprise inference and others.
- On the basis of end user, the hardware acceleration market is segmented into Information technology and telecommunication, BFSI, retail, hospitality, logistics, automotive, healthcare, energy and others.
Hardware Acceleration Market Country Level Analysis
The hardware acceleration market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the hardware acceleration market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America region dominate the hardware acceleration market and will continue to excel its trend of dominance during the forecast period owing to the early adopters of new technologies. Most of the companies have already implemented hardware accelerators for better performance. Asia-Pacific will register the highest CAGR for the forecast period of 2021 to 2028 owing to the rising semiconductor and IT sectors in countries such as China, Japan, and India.
The country section of the hardware acceleration market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hardware Acceleration Market Share Analysis
The hardware acceleration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hardware acceleration market.
The major players operating in the hardware acceleration market report SAMSUNG, Apple Inc., videantis GmbH, Qualcomm Technologies, Inc., NVIDIA Corporation, Premier Farnell Limited., Micron Technology, Inc., Alphabet Inc., Veridify Security Inc., Microsoft, Xilinx, Intel Corporation, Huawei Technologies Co., Ltd., Arm Limited., MediaTek Inc., IBM Corporation, Horizon Robotics, Cisco Systems, Inc., Cadence Design Systems, Inc., and Oracle, among others. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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