The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Hardware Acceleration Market Trends. The growth sectors of the Hardware Acceleration Market Trends are identified with precision for a better growth perspective.
According to Market Research Future, the global hardware acceleration market has been segmented on the basis of type, application, end user, and region.
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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).
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Hardware Acceleration Market by Type, Size, Growth and Forecast – 2025 | MRFR
Hardware Acceleration Market is set to grow at a 49% CAGR over the review period, Global Hardware…
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