Asia Pacific Storage Accelerator Market Size, Share & Industry Trends Analysis Report By Technology, By Processor Type (GPU, ASIC, CPU and FPGA), By Application, By Enterprise Size (Large Enterprises and SMEs), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Storage Accelerator Market would witness market growth of 29.9% CAGR during the forecast period (2022-2028).
Storage acceleration that eliminates these overheads is anticipated to constantly become important when storage performance scaling surpasses connectivity and software performance. Along with the redesigned programming approach, the novel system configuration is an advantageous point to introduce hardware accelerators that are low-power. Many application disciplines, including graph analytics, machine learning, and relational database queries, have shown cost, performance, and power efficiency improvements from the storage paradigm.
These accelerators are a necessary requirement for high performance computing (HPC) environments. Compute servers are networked collectively into a cluster in order to construct a high-performance computing architecture. Algorithms and software applications are run concurrently on the cluster's servers. To capture the output, the cluster is connected to the data storage. These parts work flawlessly together to finish a variety of tasks. Each component must maintain a constant tempo with the others in order to perform at its peak.
As an illustration, the storage element must be capable of ingesting and feeding data from and to the compute servers at the same rate as it is processed. A lack of storage reduces performance efficiency, as well as processing speeds. The networking elements must also be capable of supporting the fast transfer of data among computing servers and data storage. The efficiency of the overall HPC infrastructure is negatively impacted if one element cannot maintain pace with the others.
The need for FPGA accelerators is expected to increase as a result of the existence of significant semiconductor foundries in the region. The sectors' reliance on data centers and cloud computing has had a substantial impact on product sales. Additionally, as more industries integrate FPGA accelerators to offer their consumers highly effective services, the sales of FPGA accelerators are anticipated to increase with the urbanization of Asian countries. The implementation of 5G networking services by several nations in Asia and the Pacific is projected to increase demand for FPGA accelerators. This has impacted the data related industries all across the region.
The China market dominated the Asia Pacific Storage Accelerator Market by Country in 2021; thereby, achieving a market value of $5.2 billion by 2028. The Japan market is registering a CAGR of 29.1% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 30.6% during (2022 - 2028).
Based on Technology, the market is segmented into NAND Flash Memory, Erasable Programmable Reas Only Memory (EPROM) and Others. Based on Processor Type, the market is segmented into GPU, ASIC, CPU and FPGA. Based on Application, the market is segmented into Data Center Servers, High-Performance Computing and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Intel Corporation, Kingston Technology Company, Inc., Micron Technology, Inc., Nvidia Corporation, Qualcomm, Inc., Samsung Electronics Co., Ltd., Seagate Technology Holdings Public Limited Company and Kioxia Holdings Corporation.
Scope of the Study
Market Segments Covered in the Report:
- NAND Flash Memory
- Erasable Programmable Reas Only Memory (EPROM)
By Processor Type
- Data Center Servers
- High-Performance Computing
By Enterprise Size
- Large Enterprises
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- IBM Corporation
- Intel Corporation
- Kingston Technology Company, Inc.
- Micron Technology, Inc.
- Nvidia Corporation
- Qualcomm, Inc.
- Samsung Electronics Co., Ltd.
- Seagate Technology Holdings Public Limited Company
- Kioxia Holdings Corporation
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