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GPU as a Service Market size valued at USD 5 billion in 2022 and is projected to record over 30% CAGR from 2023 to 2032.
Implementation of new R&D activities in the gaming & designing sectors will foster the market growth. In the current digital era, engineers, designers, and architects require rendering and animation software to effectively build complex 3D models, simulations, and designs. Businesses are largely dependent on visual material to bring in new clients and make revenue.
The advancements in the high-performance processing capabilities of GPU solutions and the development of the design vertical are estimated to influence the industry outlook. Furthermore, expansion in the gaming sector is expected to spike the deployment of GPUaaS solutions. In 2022, a survey suggested that 16% of Europeans spent more time gaming as it helped them with their mental health during the lockdown.
Report Attribute | Details |
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Base Year: | 2022 |
GPU as a Service Market Size in 2022: | USD 5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 30 % |
2032 Value Projection: | USD 80 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 280 |
Tables, Charts & Figures: | 358 |
Segments covered: | Product, Service Model , Delivery Model, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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A lack of awareness regarding the benefits of GPUaaS could create barriers to market demand. As GPUs are a specialized sort of hardware and services, many businesses might not have the knowledge of how it works. To move past this hindrance, solution providers need to create more awareness and help businesses understand its benefits. Supportive government initiatives for the development of smart city projects and accelerating digitalization across emerging nations could also provide significant growth opportunities to GPUaaS market.