Global Data Processing Unit Market to Hit $5.5 Billion by
Portland, OR, Oct. 21, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the global data processing unit market generated $553.96 million in 2021 and is expected to reach $5.5 billion by 2031, growing at a CAGR of 26.9% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
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Report coverage and details:
|Year of reference||2021|
|Market size in 2021||$553.96 million|
|Market size in 2031||$5.5 billion|
|Number of pages in the report||231|
|Segments Covered||Type, data center type, application and region|
|Drivers||Increase in internet penetration|
|Increased penetration of high-end cloud computing in enterprises|
|Opportunities||Increasing Multicloud Adoption|
|Growth in popularity of 5G network capabilities|
|holds back||increase in data privacy concerns|
|growing demand for managed services|
- The COVID-19 outbreak has negatively impacted the growth of the global data processing unit market, owing to the occurrence of lockdowns in various countries across the globe.
- With the governments of several countries imposing and extending lockdowns, production and manufacturing facilities across the world have been shut down, due to the crisis and unavailability of manpower.
- These restrictions were imposed by the government to curb the spread of the virus during the pandemic. Considering the contributions of various industry experts belonging to the different stages of the value chain, such as OEMs, suppliers, integrators, end users and distributors, and the financial publication of various companies in the Data Processing Unit ecosystem Market is calculated to witness decline in 2019-2020.
- However, the market is expected to recover from 2021 and remain in the growth phase during the forecast period.
The report offers detailed segmentation of the global data processing units market on the basis of type, data center type, application, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.
Based on type, the FPGA-based segment held the largest market share in 2021, holding more than half of the global data processing unit market share, and is expected to maintain its leading status during the forecast period. The SOC-based segment, on the other hand, is expected to quote the fastest CAGR of 29.72% during the forecast period.
Based on data center type, the hyperscale segment held the largest market share in 2021, holding more than two-fifths of the global data processing unit market share, and is expected to maintain its dominant status over the course of the forecast period. The peripheral segment, on the other hand, is expected to quote the fastest CAGR of 33.51% during the forecast period.
Based on applications, the IT and telecommunications segment held the dominant market share in 2021, holding nearly two-fifths of the global data processing units market share, and is expected to maintain its leading status during the period. forecast. Also, the same segment is expected to quote the fastest CAGR of 29.91% during the forecast period. The report also includes other segments such as BFSI, Government, Energy & Utilities and Others.
Based on region, the North American market held the dominant market share in 2021, holding nearly two-fifths of the global data processing unit market share. The Asia-Pacific region, on the other hand, is expected to maintain its leading status during the forecast period. Also, the same region is expected to quote the fastest CAGR of 32.46% during the forecast period.
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The report analyzes the main players of the global data processing units market such as NVIDIA Corporation (Mellanox Technologies), Marvell Technology Inc., Fungible, Inc., Broadcom Inc., Intel Corporation, Kalray, Resnics / Yisixin Technology (Shanghai) Co., Ltd., and Advanced Micro Devices, Inc. (Pensando Systems Inc.)
The report analyzes these key players of the global data processing units market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.
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We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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