Hardware Acceleration Market
Hardware Acceleration Market Analysis by Graphics Processing Units, Video Processing Units, AI Accelerators, Regular Expression Accelerators, and Cryptographic Accelerators from 2023 to 2033
Analysis of Hardware Acceleration Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hardware Acceleration Market Outlook (2023 to 2033)
The global hardware acceleration market stands at US$ 2.87 billion in 2023. Worldwide demand for hardware acceleration technology is projected to skyrocket at a CAGR of 51% and reach a market value of US$ 177 billion by 2033.
Demand for hardware acceleration is predicted to grow due to the increasing requirement for better task execution and video encoding & decoding across different industrial sectors. The rising utilization of different hardware acceleration tools in machine learning or deep learning applications is also contributing to market growth.
Smoother program execution and enhanced performance are some of the potential benefits of hardware acceleration. Further, optimization of the CPU (central processing unit) leads to more effective system performance. These elements are predicted to contribute to market expansion.
Growing requirements for energy optimization and the rising number of battery-powered devices are driving forces behind the increased demand for hardware acceleration in numerous smart devices. Moreover, websites are becoming fancier and include a significant amount of graphical effects to attract and retain customers. These websites use 3D graphics at an increased rate and can get profits with the implementation of hardware acceleration solutions.
Significant advancements in video & imaging analytics and IoT (Internet of Things) industries are driving the hardware acceleration market. The innovation in AI (artificial intelligence), robotics, and autonomous vehicles is predicted to significantly influence the global market over the coming 10 years.
Increasing number of data that is generated in the industrial sector from different sources is gaining importance, which is further contributing to the growth of data processing and management. These factors are projected to aid the market expansion.
Rising use of hardware acceleration technology in machine learning or deep learning applications is forecasted to pave the way for its increased demand. This technology is also used by various customers to perform tasks more efficiently and in an optimized manner.
The inability of hardware acceleration technology to perform all 2D drawing procedures and its prohibitive expenses adversely impact market growth opportunities.
Fact.MR, a market research and competitive intelligence provider, published a detailed research report on the hardware acceleration landscape. This newly published research report offers a thorough understanding of various market dynamics, which include growth opportunities, key product launches, key challenges, regional analysis, and several other pivotal factors.
| Report Attributes | Details |
|---|---|
| Hardware Acceleration Market Size (2022) | US$ 1.9 Billion |
| Global Market Value (2023) | US$ 2.87 Billion |
| Forecasted Market Value (2033) | US$ 177 Billion |
| Global Market Growth Rate (2023 to 2033) | 51% CAGR |
| Key Type | Graphics Processing Units |
| Key Companies Profiled | NVIDIA Corporation; Advanced Micro Devices Inc.; Intel Corporation; Achronix Semiconductor; Xilinx Inc.; Oracle Corporation; IBM Corporation; Lenovo Group Limited; Hewlett Packard Enterprise Company Dell; Fujitsu Ltd.; VMware Inc.; Cisco Systems Inc.; Enyx; AlphaLab Gear; Wazer; HWTrek; Teradici; HAX; Revvx |
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Which Factors are Fueling Demand for Hardware Acceleration Technology?
“Rising Adoption of Artificial Intelligence Driving Demand Growth for Hardware Acceleration Technology”
Increasing implementation of hardware accelerator technology in artificial intelligence (AI) is generating lucrative opportunities for market players. The Internet of Things (IoT), robot algorithms, and similar applications, which need a lot of sensors or data-driven work, are some examples of AI that are contributing to the rising demand for hardware acceleration tools.
Machine learning, artificial neural networks, and machine vision are some popular applications of hardware acceleration solutions. Artificial intelligence is greatly influenced by accelerators, which are further contributing to market expansion.
Hardware acceleration of graphic cards can assist the respective user for different applications, including games, designing, video playback, and similar applications that require quicker mathematical operations. GPU (Graphics Processing Unit) hardware acceleration is becoming popular in numerous AI-related applications. Areas such as deep learning and reasoning on systems, agricultural robots, autonomous vehicles, military robots, and others are also predicted to generate demand for hardware acceleration solutions. These services ensure fluid streaming and browsing while saving energy and time for users.
“Shift from High-performance Personal Computers to Energy-efficient Electronics”
At present, a majority of people are shifting from high-performance personal computers to various energy-efficient electronics, including tablets, smartphones, etc. This is further contributing to increased demand for technologies and tools, including graphics cards and others. This growing demand for advanced technologies is anticipated to serve as one of the prominent driving forces for increased demand for hardware acceleration.
What are the Challenges Encountered by Providers of Hardware Acceleration Technology?
“High Cost of Hardware Acceleration Solutions”
The cost of hardware acceleration technology is high and it is not possible for all customers to opt for these solutions. This creates certain restraints in the demand for hardware acceleration tools around the world.
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What are the Strategies Adopted by New Players to Gain Profits in This Market?
“Investments to Integrate Hardware Acceleration Technology in Various Smart Devices”
At present, increasing concentration on the requirements for energy optimization along with rising demand for battery-powered devices is leading to the development of more advanced technology. Start-ups are investing to integrate hardware acceleration technology in smart devices. In addition, the inclination toward graphical effects on websites is leading to the rising use of 3D graphics, which is estimated to generate opportunities for new entrants.
Country-wise Insights
What’s Leading to Lucrative Opportunities for Suppliers of Hardware Acceleration Technology in the United States?
“Extensive Application of Cloud Computing Generating Huge Demand for Hardware Acceleration”
The United States market is projected to hold a significant share of the regional market revenue over the coming decade. The increasing application of cloud computing technology is predicted to boost opportunities for hardware acceleration suppliers. Numerous data centers in the United States are using hardware acceleration technology, which is also prompting market growth.
The presence of many prominent industry players, including NVIDIA Corporation, Intel Corporation, Xilinx Inc., etc., along with some other well-known organizations are also contributing to market expansion over the coming 10 years.
Which Countries are Prominent Markets for Hardware Acceleration in Europe?
“Increasing Adoption of Several Contemporary Technologies in United Kingdom and Germany”
The United Kingdom and German markets are prominent landscapes from the European region, which are boosting the demand for hardware acceleration solutions. The rising adoption of various contemporary technologies, including machine learning, IoT-based systems, and artificial intelligence (AI) leads to market growth.
Growing requirements for performance efficiency and productivity are pivotal factors behind the market expansion. The booming information technology and telecommunication industries are propelling the demand for hardware acceleration technology.
Which Asia Pacific Countries are Being Targeted by Suppliers of Hardware Acceleration Technology?
“China, Japan, India - Prominent Markets in Asia Pacific”
Significant expansion of the information technology and semiconductor industries in countries, including Japan, India, and China is contributing to market expansion. The increasing desire for performance efficiency and productivity among end-use industries is driving market growth in these countries.
The Indian market is predicted to expand rapidly and the Chinese market is forecasted to hold the largest share of the regional market revenue over the coming decade.
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Category-wise Insights
Which Type of Hardware Acceleration Technology is Projected to Experience Significant Demand Growth?
“Rising Use of Graphics Processing Units for Various Computation Activities”
Based on type, the global market is classified into graphics processing units, AI (artificial intelligence), video processing units, regular expression accelerators, and cryptographic accelerators. Among these, the demand for graphics processing units is predicted to increase at a significant rate due to their growing use in different industries. Customers can get profits from GPU-enabled hardware acceleration in different supported programs, which include playing video games, watching videos, etc.
The technology is also used to perform activities involving quick mathematical computations. It enables much smoother media and browsing viewing, which helps in the increased product demand. Since 2021, GPU hardware acceleration is gaining popularity for AI tasks and it is presently expanding in various fields, including training in gadgets and deep learning for inference, including industrial robots, autonomous cars, etc.
Which Area Accounts for Wide Application of Hardware Acceleration Technology?
“Substantial Demand for Hardware Acceleration Technology for Deep Learning Training”
Deep learning training, public cloud inferences, and enterprise inferences are some popular applications of hardware acceleration. Among these, the implementation of hardware acceleration for deep learning training is generating significant revenue. The demand for hardware acceleration is projected to accelerate for video encoding as well as decoding. In addition, the increasing use of various hardware acceleration tools in multiple deep learning activities is also generating substantial revenue.
Key Market Players
Strengthening supply chain management systems, maintaining product standards, quality control, and various similar initiatives are implemented by market players operating in the hardware acceleration landscape. These strategies are predicted to assist key players in value addition to their existing portfolio and the expansion of their footprints globally.
Key players in the hardware acceleration market include NVIDIA Corporation, Advanced Micro Devices Inc., Intel Corporation, Achronix Semiconductor, Xilinx Inc., Oracle Corporation, IBM Corporation, Lenovo Group Limited, Hewlett Packard Enterprise Company Dell, Fujitsu Ltd., VMware Inc., Cisco Systems Inc., Enyx, AlphaLab Gear, Wazer, HWTrek, Teradici, HAX, and Revvx.
Segmentation of Hardware Acceleration Industry Research
-
By Type :
- Graphics Processing Units
- Video Processing Units
- AI (Artificial Intelligence) Accelerators
- Regular Expression Accelerators
- Cryptographic Accelerators
-
By Application :
- Deep Learning Training
- Public Cloud Inferences
- Enterprise Inferences
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type
- 9.1. Graphics Processing Units
- 9.2. Video Processing Units
- 9.3. AI (Artificial Intelligence) Accelerators
- 9.4. Regular Expression Accelerators
- 9.5. Cryptographic Accelerators
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1. Deep Learning Training
- 10.2. Public Cloud Inferences
- 10.3. Enterprise Inferences
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. NVIDIA Corporation
- 21.2. Advanced Micro Devices Inc.
- 21.3. Intel Corporation
- 21.4. Achronix Semiconductor
- 21.5. Xilinx Inc.
- 21.6. Oracle Corporation
- 21.7. IBM Corporation
- 21.8. Lenovo Group Limited
- 21.9. Hewlett Packard Enterprise Company Dell
- 21.10. Fujitsu Ltd.
- 21.11. VMware Inc.
- 21.12. Cisco Systems Inc.
- 21.13. Enyx
- 21.14. AlphaLab Gear
- 21.15. Wazer
- 21.16. HWTrek
- 21.17. Teradici
- 21.18. HAX
- 21.19. Revvx
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Type, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Type, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Type, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Type, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Type, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Type, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Type, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Type, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Type, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Type, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Type, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Type, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Type, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Type, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Type, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Type, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Type, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Type, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Type, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Type, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Type, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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- FAQs -
What was the value of the hardware acceleration market in 2022?
The global hardware acceleration market was valued at US$ 1.9 billion in 2022.
What is the value of the global market in 2023?
Worldwide demand for hardware acceleration stands at a market value of US$ 2.87 billion in 2023.
What is the expected growth rate of the global market through 2033?
The market for hardware acceleration is forecasted to accelerate at a commendable CAGR of 51% from 2023 to 2033.
What is the anticipated valuation of the hardware acceleration market for 2033?
The hardware acceleration market is forecasted to reach US$ 177 billion by the end of 2033.
Which markets from the European region are the most rewarding for suppliers?
The United Kingdom and Germany are key markets in Europe that are contributing to the huge demand for hardware acceleration.
Which technology of hardware acceleration has been gaining widespread popularity in recent years?
Demand for graphics processing units has been increasing at a significant rate across the globe.
Which companies are key providers of hardware acceleration solutions?
Key market players include NVIDIA Corporation, Advanced Micro Devices Inc., Intel Corporation, Achronix Semiconductor, Oracle Corporation, IBM Corporation, Lenovo Group Limited, Fujitsu Ltd., and VMware Inc.
Hardware Acceleration Market