The latest research study “Data Center Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global data center chip market reached a value of US$ 9.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.11 Billion by 2027 exhibiting a CAGR of 6.40% during 2022-2027.
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A data center chip is utilized by organizations for storing, retrieving, and processing virtual and physical data. It consists of switches, power distribution units, servers, firewalls, etc. Commonly available data center chips include a graphics processing unit (GPU), central processing unit (CPU), application-specific integrated circuit (ASIC), and field-programmable gate array (FPGA). They assist in improving energy efficiencies, flexibility, and redundancies while enhancing operations and productivity. As a result, data center chips find widespread applications across various industries, such as information technology (IT), manufacturing, transportation, telecommunication, banking, financial services and insurance (BFSI), etc.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Data Center Chip Market Trends and Drivers:
The escalating transfer of information from private servers and the integration of connected devices, including autonomous vehicles, personal computers (PCs), virtual reality (VR) systems, etc., are primarily driving the data center chip market.
Besides this, the elevating technological advancements in memory and programmable solutions are further augmenting the market growth. Apart from this, the introduction of fourth- (4G) and fifth-generation (5G) networks and the incorporation of the Internet of Things (IoT) technologies are also catalyzing the global market.
Moreover, the expanding telecommunication sector and the launch of favorable policies by the government bodies aimed at the localization of data centers are acting as significant growth-inducing factors. Furthermore, the growing demand for intelligent computing devices, such as home security, navigation systems, and utility meters, is expected to bolster the data center chip market in the coming years.
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Global Data Center Chip Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Data Center Chip Companies:
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.
The report has segmented the market on the basis of region, chip type, data center size and industry vertical.
Breakup by Chip Type:
Breakup by Data Center Size:
- Small and Medium Size
- Large Size
Breakup by Industry Vertical:
- IT and Telecom
- Energy and Utilities
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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.
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