Data Center Accelerator Market by Processor Type, Type, Application | COVID-19 Impact Analysis | MarketsandMarkets

The global data center accelerator market size is projected to grow from USD 13.7 billion in 2021 to USD 65.3 billion by 2026; it is expected to grow at a CAGR of 36.7% from 2021 to 2026. Factors such as growing demand for deep learning and surge in demand for cloud-based services are driving the growth of the market during the forecast period.

COVID-19 Impact on the Global Data center accelerator market

Post COVID-19, the manufacturing sector is expected to scale up smart manufacturing processes using AI, IoT, and blockchain technologies. By adopting these technologies, companies can cut costs, increase process efficiency, and reduce human contact significantly. Currently, AI is being used for predictive maintenance and will further be implemented to forecast demand and returns in the supply chain.

COVID-19 has impacted the educational industries rather positively, with ed-tech companies adopting AI technology to impart education during the lockdown. Ed-tech firms have deployed AI tools to enhance online learning and virtual classroom experience for students. For instance, Coursera has launched an AI-powered tool called the CourseMatch that helps schools and universities identify courses on the platform that matches their curriculum. Furthermore, a personalized online tutorial company Squirrel AI uses AI-based adaptive learning to curate lessons for a student.

Several industries are worse hit by this pandemic, but some industries are benefiting from this pandemic. However, the adoption of AI is expected to grow. Therefore, we can say the COVID-19 will drive the data center accelerator market for certain industries.

COVID-19 has impacted the educational industries rather positively, with ed-tech companies adopting AI technology to impart education during the lockdown. Ed-tech firms have deployed AI tools to enhance online learning and virtual classroom experience for students. For instance, Coursera has launched an AI-powered tool called the CourseMatch that helps schools and universities identify courses on the platform that matches their curriculum. Furthermore, a personalized online tutorial company Squirrel AI uses AI-based adaptive learning to curate lessons for a student.

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Several industries are worse hit by this pandemic, but some industries are benefiting from this pandemic. However, the adoption of AI is expected to grow. Therefore, we can say the COVID-19 will drive the data center accelerator market for certain industries.

The data center accelerator market is dominated by a few globally established players such as Intel Corporation (US), Google. Inc (US), NVIDIA Corporation (US), Xilinx Inc. (US), IBM Corporation (US), Advanced Micro Devices, Inc (US), Marvell Technology (Hamilton), and Qualcomm Technology (US).

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