BANGALORE, India, July 26,
2024 /PRNewswire/ -- Data Center Chip Market By Chip
Type (GPU, ASIC, FPGA, CPU, Others), By Data
Center Size (Small and Medium Size, Large Size), By Industry
Verticals (BFSI, Manufacturing, Government, IT and Telecom, Retail,
Transportation, Energy and Utilities, Others): Global Opportunity
Analysis and Industry Forecast, 2023-2032.
The Data Center Chip Market was
valued at USD 11.7 Billion in 2022,
and is estimated to reach USD 45.3
Billion by 2032, growing at a CAGR of 14.6% from 2023 to
2032.
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Major Factors Driving the Growth of Data Center Chip Market
Because of the growing need for data processing and storage
solutions brought about by the quick development of cloud
computing, artificial intelligence, and big data analytics, the
data center chip market is expanding significantly.
High-performance chips are necessary for data centers to process
massive volumes of data quickly and efficiently. As a result,
advances in chip technology, including CPUs, GPUs, and specialist
AI processors, have been made. The need for more resilient and
scalable data center infrastructure is fueled in part by the
expansion of digital services and Internet of Things (IoT) devices.
The market is expanding due to key areas including Asia-Pacific, with its investments in
technology and fast digital transformation, and North America, with its top tech businesses
and vast data center networks.
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TRENDS INFLUENCING THE GROWTH OF THE DATA CENTER CHIP MARKET:
In data centers, Graphics Processing Units (GPUs) are essential
for speeding up computing operations and data processing. They are
perfect for managing workloads related to artificial intelligence
(AI), machine learning, and large-scale data analytics because of
their parallel processing capabilities. The need for GPUs in data
centers is growing as these technologies become increasingly
essential to corporate operations. Businesses are purchasing GPUs
in order to increase the effectiveness of their data processing,
lower latency, and boost overall performance. The need for data
center chips is being driven by the increasing reliance on GPUs for
sophisticated computing activities, which is considerably
contributing to the market's rise. This need is further increased
by the growing use of AI and machine learning in a variety of
sectors, which puts GPUs at the forefront of the data center
semiconductor industry.
Compared to general-purpose chips, Application Specific
Integrated Circuits (ASICs) provide better performance and
efficiency since they are designed specifically for a given
application. ASICs are extensively utilized in data centers for
specific tasks including networking, data compression, and
encryption. ASICs are becoming more and more common as a result of
the growth of cloud computing, big data analytics, and blockchain
technology, which has increased demand for high-performance,
energy-efficient processors. Their capacity to provide tailored
performance for certain applications aids data centers in better
workload management, power conservation, and operating expense
reduction. The market is expanding as a result of the increased
preference for ASICs in data centers, which is fueling the need for
specialized data center chips.
Large data centers are important users of data center chips;
they are run by well-known IT firms and cloud service providers. To
manage enormous volumes of data and provide a wide range of
services, these facilities need a great deal of processing power
and sophisticated computing skills. High-performance data center
chips are becoming more and more necessary as a result of the
growth of massive data centers and the rising demand for online
streaming, cloud services, and digital transactions. These chips
are necessary to ensure effective data management, processing, and
storage, which helps big data centers fulfill the increasing
expectations of its clientele. Large data center proliferation is
anticipated to considerably boost the data center chip industry as
the digital economy continues to grow.
Data centers are becoming more and more important to the
Banking, Financial Services, and Insurance (BFSI) industry as a
means of safely and effectively managing high transaction volumes,
consumer data, and financial records. The need for sophisticated
data center processors is being driven by the sector's requirement
for real-time data processing, high-performance computing, and
strong security measures. BFSI organizations may improve their
operational efficiency, guarantee data integrity, and deliver
superior client services by utilizing data centers fitted with
robust chips. The BFSI sector's need for data center chips is being
driven by the increasing use of online banking, digital banking,
and financial analytics tools, all of which increase the
requirement for sophisticated data center infrastructure.
The market for data center chips is significantly influenced by
the cloud computing industry's explosive growth. There is a growing
need for scalable, effective, and high-performance data center
infrastructure as more companies move their operations to the
cloud. In order to handle enormous volumes of data, facilitate
virtualization, and guarantee flawless service delivery, cloud
service providers need sophisticated data center chips. Sturdy data
center chips are becoming more and more necessary as cloud-based
solutions become more and more popular. Benefits like cost savings,
flexibility, and scalability are driving this trend. In places like
North America and Europe, where cloud adoption rates are high
and data center chip demand is rising rapidly, this tendency is
especially significant.
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DATA CENTER CHIP MARKET
SHARE
In 2022, North America gained a
sizable portion of the market.
In 2022, the GPU made up the largest portion of the market
share.
Throughout the projection period, large data centers are
expected to gain a significant portion.
The BFSI market is anticipated to be one of the most profitable
markets.
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Key Companies:
- Advanced Micro Devices Inc
- Taiwan Semiconductor Manufacturing Company Limited
- Broadcom
- Huawei Technologies Co Ltd
- Intel Corporation
- NVidia Corporation
- Samsung Electronics Co Ltd
- Qualcomm Technologies Inc
- GlobalFoundries
- ARM LIMITED (SOFTBANK GROUP CORP.)
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
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