LAMEA 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 Latin America, Middle East and Africa Storage Accelerator Market would witness market growth of 33.4% CAGR during the forecast period (2022-2028).
Modern data centers are vital to addressing some of the most pressing issues facing the globe, from scientific advancements to artificial intelligence (AI). These cutting-edge data centers are changing in order to improve workloads like AI and increase networking bandwidth. Administrators of data centers anticipate cheaper ownership costs, less energy use, and new services. Customers can fulfil these requirements owing to storage accelerators.
They are created to provide exceptional cost and power economy while providing high performance and hardware-based acceleration. Enterprises are integrating machine learning applications including image and speech recognition, CPUs, and GPUs as firms increasingly use AI technologies to distinguish and enhance their operations and offers. For quicker training real-time inference, storage accelerators are more frequently depended upon.
This is so that these cutting-edge processors can handle the increasing network bandwidths caused by the workloads for ML and AI. Enterprises are actively searching for programmability, flexibility, high throughput, and low latency performance benefits to any server deployment, from video transcoding, machine learning inference, and data analytics to electronic trading, computational storage, and financial risk modelling.
In this region, major IT firms have been expanding their data center capabilities to promising countries. Real-time data processing and improved policy making in the healthcare sector are made possible by the usage of data warehouses. Big data analysis in the field of public management has been geared toward raising customer service standards and making the most use of available resources. Data storage on the local level conform to Brazilian law. If Brazilian users were to participate and information were to be stored by application providers based in Brazil, they would have to abide by Brazilian law and might even be obliged to do so.
The Brazil market dominated the LAMEA Storage Accelerator Market by Country in 2021; thereby, achieving a market value of $1.3 billion by 2028. The Argentina market is showcasing a CAGR of 34.1% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 33% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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