Posted by IMARC Group, a leading market research company, has recently releases report titled “Data Center Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global data center chip market trends, share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Data Center Chip Market?
The global data center chip market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
What is Data Center Chip?
A data center chip, usually found in the server area of a data center, offers internal security, real-time data, and on-demand visibility. It relies on central processing unit (CPU), graphics processing unit (GPU), application-specific integrated circuits (ASICs), and field programmable gate arrays (FPGAs). It assists in improving operational and energy efficiencies of data centers. It is used in numerous industries, including manufacturing, transportation, telecommunication, banking, financial services, and insurance (BFSI), and information and technology (IT).
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What are the growth prospects and trends in the data center chip industry?
The increasing need for data centers to manage huge amounts of data generated and the growing adoption of data center chips and cloud computing solutions across various organizations represent one of the primary factors driving the market.
Additionally, the introduction of rapid technological advancements in memory chips and programmable solutions, such as FPGAs and ASICs, help in accelerating the performance of large-scale data systems and making data centers more efficient and productive. Furthermore, the integration of advanced technologies, such as the Internet of Things (IoT), along with the advent of fifth-generation (5G) networks, artificial intelligence (AI), and virtual reality (VR) systems, is strengthening the growth of the market.
Moreover, governments of various countries are undertaking initiatives about the localization of data centers, which is anticipated to drive the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Chip Type:
- GPU
- ASIC
- FPGA
- CPU
- Others
Breakup by Data Center Size:
- Small and Medium Size
- Large Size
Breakup by Industry Vertical:
- BFSI
- Manufacturing
- Government
- IT and Telecom
- Retail
- Transportation
- Energy and Utilities
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Achronix Semiconductor Corporation, Advanced Micro Devices Inc., Arm Limited, Broadcom Inc., Fujitsu Limited, GlobalFoundries Inc., Huawei Technologies Co. Ltd., Intel Corporation, Marvell Technology Inc., Nvidia Corporation and Taiwan Semiconductor Manufacturing Company Limited.
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