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. 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.
According to Market Research Future, the global hardware acceleration market has been segmented on the basis of type, application, end user, and region.
In hardware acceleration, hardware components, such as sound card and GPU, are used to perform certain tasks more efficiently than CPU alone can do. Also, apps are used along with hardware components that perform task such as displaying an HD video or viewing 3D content to pass the task on to the GPU. The apps that perform audio heavy tasks helps in passing much of the burden on to a sound card instead CPU alone handling the load. Thus, hardware acceleration usually passes tasks on to a GPU and the sound card, thereby making CPU free for doing another task. Hardware acceleration is being used by many popular Android apps, including Facebook, Chrome, and YouTube.
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.
By application, the global hardware acceleration market has been segmented into deep learning training, public cloud inference, enterprise inference, and others. The deep learning training segment holds highest market share as hardware accelerators supports vector machines, DNN models like recurrent neural nets and convolutional neural nets. It also assists in calculating various machine learning algorithms such as linear regression.
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.
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).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Market Research Future
+1 646 845 9312