Graphics Processing Unit (GPU) Market Size

 GPU Market Size

GPU Market size was worth more than USD 40 billion in 2022 and is anticipated to exhibit over 25% CAGR from 2023-2032. Rapid penetration of big data technology is expected to complement the industry expansion.

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The advent of 2D and 3D graphics is expected to propel the demand for suitable specialized processors capable of addressing sophisticated mathematical calculations, positively influencing the GPU industry outlook. The increasing influx of 3D content has proliferated innovative processor technologies across advanced graphic applications in healthcare, manufacturing, real estate, and automotive sectors. For instance, AI-powered solutions and GPU computing are molding the future of automobiles and playing a key role in advanced driver assistance systems (ADAS), driving the demand for mainstream automotive technologies.

Moreover, the rapid penetration of big data technology to derive actionable business intelligence is anticipated to foster the demand for GPUs. With changing business models and increasing volumes of data, several enterprises and industries are using big data analytics and decision intelligence for opinion mining, performing text analysis, and retrieving data. The growing emphasis on technology intervention for effective business management and decision-making will also propel the adoption of GPUs and facilitate decision-making for business and management.