Hardware Acceleration Market

Hardware Acceleration Market Outlook - 2030

Hardware acceleration is a technology that performs certain functions such as high-quality playback and sound recording, clear high-definition images more efficiently than software that runs on a universal central processing unit (CPU). Hardware acceleration is designed for task-based purpose. To perform heavy arithmetic operations and tasks hardware acceleration uses GPU or video processing chips. In hardware acceleration Al-accelerator, chip for highly specific roles and adoption of GPU pave the path for future innovation for the hardware acceleration market.

The hardware acceleration market has advantages such as lower power consumption, lower latency, higher parallelism, and bandwidth as well as better utilization of the area and functional components available in integrated circuits. The diverse areas of application of the hardware acceleration market include BFSI, retail, hospitality, logistics, automotive, energy, and healthcare  

The global hardware acceleration market is segmented on the basis of type, application, industrial vertical, and region. Based on type, the market is divided into video processing unit, graphics processing unit regular expression accelerator, AI accelerator, cryptographic accelerator, and others. In terms of application, the market is categorized into deep learning training enterprise inference, public cloud inference, and others. On the basis of industrial vertical, the market is divided into information technology and telecommunication, BFSI, retail, hospitality, logistics, automotive, energy, healthcare, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global hardware acceleration industry include NVIDIA Corporation, Intel Corporation, Advanced Micro Devices Inc., Oracle Corporation, Xilinx, Inc., Hewlett Packard Enterprise Company Achronix Semiconductor, Dell, Lenovo Group Limited, and IBM Corporation. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global hardware acceleration market.

COVID-19 Impact Analysis

The outbreak of the COVId-19 pandemic has severely affected the business of almost all industries. While the COVID-19 pandemic crisis unfolds, regulatory bodies all over the world are in the compulsion to impose strict lockdown and travel bans. Moreover, this has drastically affected the growth rate which in turn has impacted the global hardware acceleration market share.

Due to the COVID-19 pandemic, the supply chain systems were disrupted and the strict instruction of governing bodies to follow social distancing norms forced the industries to work with minimal workforce, which led to the decrease in the production rate of the industries. Thus, all these factors negatively contribute to the hardware acceleration market.

However, after the COVID-19 pandemic, the diversified and innovative applications of hardware acceleration, such as automotive, energy, and healthcare will drive the growth of the hardware acceleration market.

Top Impacting Factors

As the shift from high-performance PCs or computers to energy-efficient smartphones and tablets, which built the demand for tools, such as graphics cards, and technologies, such as artificial interface, are the main driving forces for the hardware acceleration market.

The growing demand for hardware acceleration for better task execution, video encoding, &decoding, and the increasing use of hardware acceleration tools in deep learning or machine learning applications are expected to drive the market growth after the forecast period also.

In information technology and telecommunication, lower power consumption, higher parallelism and bandwidth, better provision of space, and function components available on integrated circuits improve the quality of the product and make it task-specific, which provide IT industries to perform their tasks efficiently.

The hardware accelerator lacks in cost-effectiveness, which may restraint the growth of hardware accelerators in the market.

Wide-Scale Adoption of AI Technology in Hardware Acceleration

Artificial intelligence accelerator is expected to become the fastest growing in the hardware accelerator market. Hardware acceleration tool is used to accelerate artificial intelligence applications such as machine learning, machine vision, and artificial neural networks along with robot algorithms, the Internet of Things, and other applications that require large amounts of data or sensor-driven tasks.

In 2015, Intel acquired Altera with the aim of integrating FPGAs in server CPUs, which would be capable of accelerating AI as well as general-purpose tasks. This ultimately significantly gave rise to artificial intelligence accelerators that are expected to drive the market growth during the forecast period.

Surge in Usage in Games and Signal Processing

Nowadays, graphic cards hardware acceleration can help users in any supported applications such as video playback, games, designing or any applications that require faster mathematical operations such as calculation. Therefore, it is expected to create hardware acceleration market opportunities.

Since 2016, GPU hardware acceleration has been popular in collaboration with AI, and has continued to develop in applications, such as deep learning, for reasoning and learning on devices such as autonomous vehicles, military robots, agricultural robots, and others. GPU hardware acceleration can usually ensure smooth surfing and streaming which saving time and energy of the user. This ultimately helps the hardware acceleration market to grow.

Additionally, hardware acceleration in the sound processing and signal-processing unit provides better quality of sound and signal as compared to the general purpose-processing unit. Thus, these factors help the hardware acceleration industry to grow.

 Key Benefits of the Report

• This study presents the analytical depiction of the hardware acceleration market forecast along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the hardware acceleration market trends.
• The current market is quantitatively analyzed to highlight the hardware acceleration market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed hardware acceleration market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Hardware Acceleration Market Research Report

• Which are the leading players active in the hardware acceleration market size?
• What are the detailed impacts of COVID-19 on the market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?

 Hardware Acceleration Market Report Highlights