Latest News- AI Accelerators Market: ASIC is expected to lead the Product segment during 2025-2029

The AI Accelerators Market is being driven by Exponential growth and computational demand of generative AI

The AI Accelerators Market is expected to grow at a CAGR of 44.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 171210.1 million. The global AI accelerators market is witnessing a significant shift as hyperscale cloud service providers and major tech corporations are increasingly designing their own custom silicon, marking a transition from passive consumers to active producers and innovators in the hardware sector. This strategic pivot is driven by a multifaceted business rationale, including the need to gain a competitive edge in the AI-driven economy. By developing Application-Specific Integrated Circuits (ASICs) in-house, these companies can achieve a high degree of hardware-software co-design, resulting in AI accelerators that are meticulously optimized for their proprietary software frameworks and priority workloads, such as search, social media feeds, and advanced generative AI services. This level of customization offers a substantial competitive advantage and positions these companies at the forefront of AI innovation. 

Get more information on AI Accelerators Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • ASIC
  • GPU
  • FPGA
  • Others
• Deployment
  • On-Premises
  • Cloud
  • Edge AI
  • System-on-Chip (SoC)
• End-user
  • IT and Telecom
  • Automotive
  • Healthcare
  • BFSI
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • South Korea
    • Singapore
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa
    • South Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Exponential growth and computational demand of generative AI
• Proliferation of AI applications at edge
• Rise of sovereign AI and geopolitical competition

However, the market also witnesses some limitations, which are as follows:

• Extreme supply chain constraints and manufacturing bottlenecks
• Geopolitical tensions and restrictive export controls
• Prohibitive costs, extreme power consumption, and environmental scrutiny

Benefits of Buying Global AI Accelerators Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in AI Accelerators Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The AI Accelerators Market encompasses accelerator cards, compute clusters, and software solutions for enhancing model performance through algorithm selection, data preprocessing, feature engineering, and model evaluation. Performance benchmarking, energy consumption, cost optimization, and scalability factors are key considerations. Deployment strategies, API integration, security protocols, data privacy, model versioning, monitoring tools, debugging techniques, error handling, hardware requirements, and software frameworks are essential elements. System architecture, integration processes, performance analysis, resource utilization, operational efficiency, and maintenance procedures also play significant roles.

Market Research Overview

The AI Accelerators Market is a segment of the larger IT software industry, specifically focusing on companies providing hardware and GPU acceleration solutions for enhancing the performance of deep learning frameworks during model training pipeline. Technavio's market analysis encompasses revenue generated by organizations specializing in this niche, contributing to the global IT software market size. This market caters to businesses and consumers, offering enterprise and technical software, as well as cloud-based solutions. It distinguishes itself from other IT software sectors, such as interactive home entertainment and systems software, which are excluded from this market scope.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/