Hardware Acceleration Market Research Report - Global Forecast till 2032

Hardware Acceleration Market Research Report Information By Type (Graphics Processing Unit, Video Processing Unit, AI Accelerator, Regular Expression Accelerator, Cryptographic Accelerator and Others), By Application (Deep Learning Training, Public Cloud Inference, Enterprise Inference and Others), By End User (IT and Telecommunication, BFSI, Retail, Hospitality, Logistics, Automotive, Healthcare, Energy and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/SEM/6777-HCR | 111 Pages | Author: Ankit Gupta | March 2024         

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Global Hardware Acceleration Market Overview:


Hardware Acceleration Market Size was valued at USD 1.9 Billion in 2022. The hardware acceleration market industry is projected to grow from USD 2.87 Billion in 2023 to USD 78.472 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 51.20% during the forecast period (2023 - 2032). Major market drivers anticipated to fuel market expansion in the projected period include the rising demand for hardware acceleration for better task execution, video encoding, & decoding, and the expanding use of hardware acceleration tools in deep learning or machine learning applications.


Global Hardware Acceleration Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Hardware Acceleration Market Trends



  • Adoption of AI Technology at a Large Scale in Hardware Acceleration to Drive Market Growth


The hardware accelerator market is predicted to experience the fastest growth in artificial intelligence. Robot algorithms, the Internet of Things, and other applications that require a lot of data or sensor-driven work are all examples of artificial intelligence applications that can be accelerated using hardware acceleration tools. These applications include machine vision, machine learning, and artificial neural networks. Intending to incorporate FPGAs in server CPUs, which would be able to accelerate both general-purpose tasks and AI, Intel acquired Altera. Accelerators for artificial intelligence were ultimately greatly influenced by this, and they are anticipated to fuel market CAGR over the ensuing years.


These days, graphic cards' hardware acceleration can assist users in any supported applications, including video playback, games, designing, or any applications that call for quicker mathematical operations, like calculating. Consequently, it is anticipated to open up business potential for hardware acceleration. GPU hardware acceleration has gained popularity in AI-related applications. It has continued to advance in areas like deep learning for reasoning and learning on systems like autonomous vehicles, agricultural robots, military robots, and others. Most of the time, GPU hardware acceleration can guarantee fluid streaming and browsing, saving the user's time and energy. In the end, this fosters the expansion of the hardware acceleration sector. Furthermore, compared to the general purpose processing unit, the sound and signal processing units offer superior sound and signal quality due to hardware acceleration. Thus, these elements support the expansion of the hardware acceleration sector. Thus, driving the hardware acceleration market revenue.


Hardware Acceleration Market Segment Insights:


Hardware Acceleration Type Insights


The Hardware Acceleration Market segmentation, based on type includes graphics processing unit, video processing unit, AI accelerator, regular expression accelerator, cryptographic accelerator and others. The graphics processing unit segment dominated the market. The rise is attributed to the widespread use of GPU in several industries. Customers gain from GPU-enabled hardware acceleration in all supported programs, including watching videos, playing games, or performing any activity that involves quick mathematical computations. In the browser, it enables much smoother browsing and media viewing, which helps drive market development. In 2021, GPU hardware acceleration for AI tasks became popular, and it is currently expanding in fields like deep learning for inference and training in gadgets like autonomous cars, industrial robots, and more.


Hardware Acceleration Application Insights


The Hardware Acceleration Market segmentation, based on application, includes deep learning training, public cloud inference, enterprise inference and others. The deep learning training category generated the most income. In the aforementioned forecast period, the market for hardware acceleration is anticipated to grow due to the rising demand for hardware acceleration for video encoding and decoding as well as the widespread use of hardware acceleration tools in deep learning training applications.


Figure 1: Hardware Acceleration Market, by Application, 2022 & 2032 (USD Billion)


Hardware Acceleration Market, by Application, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Hardware Acceleration End User Insights


The Hardware Acceleration Market segmentation, based on end user, includes IT and Telecommunication, BFSI, Retail, Hospitality, LogisticsAutomotive, Healthcare, Energy and Others. The BFSI category generated the most income. The need for hardware accelerators is expected to be very high in the banking and financial services, information technology, and technology sectors because to the ongoing desire for better performance in this industry. The present investments in the telecom and IT sectors in developing nations like China & India are also projected to increase demand for hardware accelerators in these nations.


Hardware Acceleration Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American hardware acceleration market area will dominate this market. The growth is evidence of the region's firms' greater use of cloud computing technology. The increased use of hardware acceleration in various data centers is another factor promoting the region's growth. Additionally, a select few industry participants, including Xilinx, Intel, NVIDIA, and other well-known organisations, are promoting the general expansion of the hardware acceleration market.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Hardware Acceleration Market SHARE BY REGION 2022 (USD Billion)


Hardware Acceleration Market SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe hardware acceleration market accounts for the second-largest market share due to the growing adoption of contemporary technologies including artificial intelligence (AI), machine learning, and IoT-based systems. A few of the main forces behind the growth of the hardware acceleration sector are the increasing need for productivity and performance efficiency. Furthermore, the market for hardware acceleration is growing quickly due to the booming telecommunications and information technology industries. Further, the German hardware acceleration market held the largest market share, and the UK hardware acceleration market was the fastest growing market in the European region


The Asia-Pacific Hardware acceleration Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the expansion of the semiconductor and information technology industries in nations like China, Japan, and India. Some of the major factors driving the growth of the hardware acceleration market are the rising desire for productivity and performance efficiency. Moreover, China’s hardware acceleration market held the largest market share, and the Indian hardware acceleration market was the fastest growing market in the Asia-Pacific region.


Hardware Acceleration Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the hardware acceleration market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, hardware acceleration industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global hardware acceleration industry to benefit clients and increase the market sector. In recent years, the hardware acceleration industry has offered some of the most significant advantages to market. Major players in the hardware acceleration market attempting to increase market demand by investing in research and development operations include NVIDIA Corporation (US), Intel Corporation (US), Advanced Micro Devices Inc. (US), Achronix Semiconductor (US), Oracle Corporation (US), Xilinx Inc. (US), IBM Corporation (US), Hewlett Packard Enterprise Company Dell (US), Lenovo Group Limited (China), Fujitsu Ltd (Japan), Cisco Systems Inc. (US), VMware Inc. (US), Enyx (France), HAX (US), Revvx (India), AlphaLab Gear (US), HWTrek (Taiwan), Wazer (China) and Teradici (Canada).


NVIDIA Corp. (NVIDIA) is a company that designs and develops system-on-a-chip, central computing, and graphics processing units. The business sells its goods in the gaming, data centre, automotive, and professional visualization markets. Additionally, it provides answers for design and visualization, edge computing, high-performance computing, self-driving cars, data centers, and artificial intelligence and data science.


For the semiconductor industry, Xilinx Inc. (Xilinx), a Advanced Micro Devices Inc. division, creates, develops, and sells programmable devices and technology. It offers targeted reference designs, printed circuit boards, software design tools, and intellectual property (IP) in addition to programmable logic devices (PLDs), programmable System on Chips (SoCs), printed circuit boards, and three-dimensional integrated circuits (3D ICs). The business offers technical assistance, client training, field engineering, and design services. It services various industries, including communications, aerospace and defence, medical, audio and video, broadcasting, industrial, scientific, automotive, consumer, and test and measurement.


Key Companies in the hardware acceleration market include




  • NVIDIA Corporation (US)




  • Intel Corporation (US)




  • Advanced Micro Devices Inc. (US)




  • Achronix Semiconductor (US)




  • Oracle Corporation (US)




  • Xilinx Inc. (US)




  • IBM Corporation (US)




  • Hewlett Packard Enterprise Company Dell (US)




  • Lenovo Group Limited (China)




  • Fujitsu Ltd (Japan)




  • Cisco Systems Inc. (US)




  • VMware Inc. (US)




  • Enyx (France)




  • HAX (US




  • Revvx (India)




  • AlphaLab Gear (US)




  • HWTrek (Taiwan)




  • Wazer (China)




  • Teradici (Canada)




Hardware Acceleration Industry Developments


October 2018: NVIDIA has created an open-source GPU acceleration platform for major businesses and organisations to analyze enormous amounts of data and make data-driven choices and business predictions at unprecedented speeds. This platform is specifically built for data science and machine learning. This GPU acceleration is thought to be able to accurately detect credit card fraud, analyze client purchase patterns, and more.


Hardware Acceleration Market Segmentation:


Hardware Acceleration Type Outlook (USD Billion, 2018-2032)




  • Graphics Processing Unit




  • Video Processing Unit




  • AI Accelerator




  • Regular Expression Accelerator




  • Cryptographic Accelerator




  • Others




Hardware Acceleration Application Outlook (USD Billion, 2018-2032)




  • Deep Learning Training




  • Public Cloud Inference




  • Enterprise Inference




  • Others




Hardware Acceleration End User Outlook (USD Billion, 2018-2032)




  • IT and Telecommunication




  • BFSI




  • Retail




  • Hospitality




  • Logistics




  • Automotive




  • Healthcare




  • Energy




  • Others




Hardware Acceleration Regional Outlook (USD Billion, 2018-2032)




  • North America



    • US

    • Canada






  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 1.9 Billion
Market Size 2023 USD 2.87 Billion
Market Size 2032 USD 78.472 Billion
Compound Annual Growth Rate (CAGR) 51.20% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, End User and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled NVIDIA Corporation (US), Intel Corporation (US), Advanced Micro Devices Inc. (US), Achronix Semiconductor (US), Oracle Corporation (US), Xilinx Inc. (US), IBM Corporation (US), Hewlett Packard Enterprise Company Dell (US), Lenovo Group Limited (China), Fujitsu Ltd (Japan), Cisco Systems Inc. (US), VMware Inc. (US), Enyx (France), HAX (US), Revvx (India), AlphaLab Gear (US), HWTrek (Taiwan), Wazer (China) and Teradici (Canada)
Key Market Opportunities Adoption of GPU by various industries for performing task more speedily and efficiently
Key Market Dynamics Growing demand of Al-accelerator chip for highly specific roles in the burgeoning cloud-to- edge ecosystem




Frequently Asked Questions (FAQ) :

The Hardware Acceleration Market size was valued at USD 1.9 Billion in 2022.

The global market is projected to grow at a CAGR of 51.20% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market are NVIDIA Corporation (US), Intel Corporation (US), Advanced Micro Devices Inc. (US), Achronix Semiconductor (US), Oracle Corporation (US), Xilinx Inc. (US), IBM Corporation (US), Hewlett Packard Enterprise Company Dell (US), Lenovo Group Limited (China), Fujitsu Ltd (Japan), Cisco Systems Inc. (US), VMware Inc. (US), Enyx (France), HAX (US), Revvx (India), AlphaLab Gear (US), HWTrek (Taiwan), Wazer (China) and Teradici (Canada).

The graphics processing unit category dominated the market in 2022.

The BFSI category had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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