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GPU as a Service (GPUaaS) Market Size By Product (Software [CAD)/(CAM), Simulation, Imaging], Services [Managed Services, Updates & Maintenance]), By Application (Gaming, Automotive, Real Estate, Healthcare), Service Model, Delivery Model, 2023 - 2032

  • Report ID: GMI2143
  • Published Date: Mar 2023
  • Report Format: PDF

GPU as a Service Market Size

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.

GPU as a Service Market Research Report

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.

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.

GPU as a Service Market Analysis

GPUaaS Market Revene ShareBy Software

GPU as a Service market share from the software segment will surpass USD 30 billion by 2032. The software comprises digital video, modeling, simulation, imaging, computer-aided design (CAD), and computer-aided manufacturing (CAM). The operation of CNC equipment including routers, lathes, mills, and wire EDMs is controlled using CAD/CAM software that programs toolpaths and generates G-code that controls the equipment. The incorporation of GPUs into workstations enables engineers and architects to complete model design tasks more quickly. It also helps them effectively manage parallel workflows, driving the demand for CAD/CAM software.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of GPU as a Service was more than USD 5 billion in 2022 and is poised to grow at 30% CAGR from 2023 to 2032.

The SaaS segment is expected to cross USD 35 billion by 2032, driven by companies developing new SaaS-based offerings for customers.

The market for GPU as a Service in Europe is set to record over 25% CAGR between 2023 and 2032, due to the rising sales of mobile computing devices like smartphones and laptops.

Advanced Micro Devices (AMD), Dassault Systems, Inc., Google LLC, IBM Corporation, Intel Corporation, Microsoft Corp., Nimbix, Inc., Qualcomm Technologies, Inc., and S3 Graphics are the major market participants active in the market

GPU as a Service Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 22
  • Tables & Figures: 358
  • Countries covered: 17
  • Pages: 280
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