Global Hardware Acceleration Market to Reach USD 107.48 Billion by 2032 | CAGR of 49.6%
Category : Aerospace and Defence | Published Date : Jan 2025 | Type : Press Release
Hardware Acceleration Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Hardware Acceleration Market size was valued at USD 4.27 billion in 2024 and is projected to grow at a CAGR of 49.6%, reaching USD 107.48 billion by 2032. Hardware acceleration enhances system performance by offloading computational tasks to specialized hardware components such as GPUs, TPUs, and AI accelerators. These accelerators play a pivotal role in applications including deep learning, data analysis, and edge computing, offering improved efficiency, cost savings, and faster processing times.
The report comprises the Hardware Acceleration Market Share, Size & Industry Analysis, based on Type (Graphics Processing Units (GPUs), Field-Programmable Gate Arrays (FPGAs), Tensor Processing Units (TPUs), Cryptographic Accelerators, DPU Accelerators, AI Accelerators, Others), Application (Deep Learning Inference, Product Design and Production, Data Processing & Analysis, Public Cloud Inference, Inventory & Supply Chain Management, Others), End-User (IT & Telecommunication, Manufacturing, Healthcare, Consumer Electronics, Retail & Warehousing, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2025-2032.
The report contains detailed information on Hardware Acceleration Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The market growth is fueled by the increasing demand for AI-driven systems, IoT applications, and the adoption of 5G technology.
Segmental Analysis :
Based on type, the market is segmented into Graphics Processing Units (GPUs), Field-Programmable Gate Arrays (FPGAs), Tensor Processing Units (TPUs), Cryptographic Accelerators, DPU Accelerators, AI Accelerators, and Others.
- The GPU segment held the largest market share in 2024, driven by its applications in video encoding, image processing, and AI-specific hardware integration for real-time data processing.
- The AI accelerator segment is projected to grow at the fastest rate, supported by its ability to improve performance and scalability for high-performance AI workloads.
Based on application, the market is segmented into Deep Learning Inference, Product Design and Production, Data Processing & Analysis, Public Cloud Inference, Inventory & Supply Chain Management, and Others.
- The deep learning inference segment dominated the market in 2024, driven by its ability to reduce training time and improve model deployment efficiency.
- The data processing & analysis segment is anticipated to grow significantly, supported by the increasing number of data centers and the demand for real-time analytics.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Accounted for the largest market share in 2024, driven by the rapid adoption of IoT and 5G technologies in countries like China and India.
- North America: Expected to grow significantly, fueled by advancements in cloud computing and AI applications.
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 107.48 Billion |
| CAGR (2025-2032) | 49.6% |
| Type | GPUs, FPGAs, TPUs, Cryptographic Accelerators, DPU Accelerators, AI Accelerators, Others |
| Application | Deep Learning Inference, Product Design & Production, Data Processing & Analysis, Public Cloud Inference, Inventory & Supply Chain Management, Others |
| End-User | IT & Telecommunication, Manufacturing, Healthcare, Consumer Electronics, Retail & Warehousing, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Hardware Acceleration Industry:
- SoftServe Inc. (USA)
- Centre for Computational Technologies Pvt. Ltd. (India)
- Texas Instruments Incorporated (USA)
- Habana Labs Ltd. (USA)
- Intel Corporation (USA)
- NVIDIA Corporation (USA)
- ONNX Runtime (USA)
- Advanced Micro Devices, Inc. (USA)
- Broadcom (USA)
- Nanjing ZTE Software Co. Ltd. (China)
Recent Industry Developments :
- September 2024: CCTech expanded its regional presence in the Middle East, catering to the construction and manufacturing sectors with advanced hardware accelerators.
- February 2024: Wormhole collaborated with AMD to integrate Alveo U55C and U250 adaptable accelerator card capabilities into its cryptography platform, enhancing performance.
- May 2024: Siemens Digital Industries Software launched AI accelerator technology to simplify advanced system-on-chip designs for machine learning applications.
