Market Research Future (MRFR) projects the global hardware acceleration market size to reach USD 50 billion at a CAGR of 49% from 2020 to 2027 (forecast period).

These new hardware breakthroughs are being introduced to the market to help expedite certain data-driven processes associated with machine learning, deep learning, natural language processing, and other AI workloads ranging from storage-intensive training to compute-intensive inferencing. As a result, the growing need for AI-accelerator chips for highly specific applications, such as computer vision, in the expanding cloud-to-edge ecosystem is driving market expansion. Furthermore, advancements in AI robotics, self-driving vehicles, drones, smart appliances, and industrial IoT are likely to drive the growth of the hardware acceleration market in the coming years.

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Hardware Acceleration Market Segmentation

The worldwide hardware acceleration market has been segmented on the basis of type, application, and end user.

By type, the worldwide hardware acceleration market has been segmented into graphics processing units, video processing units, AI accelerator, regular expression accelerator, cryptographic accelerator, and others. 

Based on application, the worldwide hardware acceleration market has been segmented into deep learning training, public cloud inference, enterprise inference, and others.

Based on end users, the worldwide hardware acceleration market has been segmented into information technology and telecommunication, BFSI, retail, hospitality, logistics, automotive, healthcare, energy, and others.

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Hardware Acceleration Market Key Players

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).

Other prominent players studied for the hardware acceleration market are Fujitsu Ltd (Japan), Cisco Systems, Inc. (US), VMware, Inc. (US), Enyx (France), HAX (US), Revvx (India), AlphaLab Gear (US), HWTrek (Taiwan), Wazer (China), and Teradici (Canada).