Growing investments by technology providers will boost the data center accelerators market demand. To accelerate innovations and introduce new Application-Specific Integrated Circuit (ASIC) technologies, venture capitals are backing companies with experience & expertise in this sector. For instance, in January 2022, Vela Technologies invested around USD 0.85 million in EnSilica Ltd., a company focused on designing & suppling custom mixed-signal ASICs. An influx in working capital helps manufacturers in fast-tracking their technological development processes. In addition, the funds will aid the company in supporting its current client base while adding a new customer base from different sectors including automotive, healthcare, and industrial.
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The data center accelerators market will witness growth owing to the rising competition in the industry. With increase in usage of online services such as digital payments, streaming platforms, net banking & e-commerce platforms, the data traffic has increased over the last few years. This factor has encouraged the technology providers to launch advanced solutions in the market.
Rising focus on digital transformations across the government sector will drive the market expansion in the coming years. For instance, the Indian Ministry is emphasizing on providing all its services through digital portals to increase process speed &…
