The report of global hardware acceleration market by Type (Video processing unit, Graphics processing unit, AI accelerator, Regular expression accelerator, Cryptographic accelerator, Others) Application (Deep learning training, Public cloud inference, Enterprise inference, Others) End User (IT and Telecom, BFSI, Retail, Hospitality, Logistics, Automotive, Healthcare, Energy, Others) Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during a forecast period.
Hardware acceleration is a technique which uses a computer’s hardware in support to perform some computing tasks more efficiently than computer software. The execution of computing tasks in hardware to decrease latency and increase throughput is known as hardware acceleration.
Deep learning training application is witnessing fastest growth at CAGR of XX%.
Hardware acceleration is widely used in the variety of applications such as in deep learning, enterprise interface and others. Deep learning application is projected to witness fast growth at CAGR of XX% during forecast period. In deep learning application hardware accelerators supports DNN models such as convolution neural nets and recurrent neural nets, vector machines, several machine learning algorithms such as linear regression, which is further propelling the growth of market.
North America is witnessing fastest growth at CAGR of XX%.
North America held the largest market share in 2019 and is expected to witness fast growth at CAGR of XX% during forecast period. The US and Canada are dominating the market. This is owing to the large scale adoption of hardware acceleration in various companies for better performance. Well established IT infrastructure and growing adoption of GPU accelerators in the self driving car production is driving the growth of market.
Europe followed by Asia Pacific is expected to witness fast growth during forecast period. The UK, Germany, France and developing economies such as China, India and Japan are dominating the market in respective region. In Europe region growth is attributed to the rising adoption AI accelerators, cryptographic accelerator and GPU by various companies. In APAC region growth is attributed to the growing investments in IT and telecom industries in India and China to accelerate their processes.
Maximize Market Research, India market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Hardware Acceleration Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Hardware Acceleration Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global Hardware Acceleration Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Hardware Acceleration Market”.
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