Press release
Data Center Chip Market 2023, Industry Share and Growth Report 2028
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, also known as a server chip or data center processor, is a high-performance microprocessor designed to meet the unique demands of data centers. It is engineered for top-notch performance, boasting multiple cores, high clock speeds, and advanced instruction sets. It is optimized for parallel processing, enabling them to handle numerous tasks simultaneously. It is created to strike a balance between performance and power consumption, often incorporating power-saving features. It serves as the computational workhorse that handles massive amounts of data and processes complex tasks required by cloud computing, artificial intelligence (AI), machine learning (ML), and various other data-intensive applications.
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What are the growth prospects and trends in the data center chip industry?
At present, the increasing demand for data center chips, as they are responsible for tasks, such as running virtual machines, handling storage and networking operations, and executing applications, that require significant computing power, represents one of the crucial factors impelling the growth of the market.
Besides this, the rising adoption of cloud computing and edge computing solutions for the reconfiguration of data center architectures is propelling the growth of the market. In addition, the growing concerns regarding data security and privacy, compelling data center operators to invest in advanced encryption and security features, is offering a favorable market outlook.
Apart from this, the increasing regulatory and compliance requirements related to data storage, processing, and privacy are bolstering the growth of the market.
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Report 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
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
Some of the Top Key players in the Data Center Chip Market
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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About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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