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GPUaaS Market size to cross $15 Bn by 2027

  • Published Date: January 20, 2022

GPU as a Service (GPUaaS) Market size is set to surpass USD 15 billion by 2027, according to a new research report by Global Market Insights Inc.
 

Rising crypto mining across various regions is likely to fuel the GPUaaS industry growth. The growing real estate sector creates the need for 3D rendering & architectural design services. 3D animated designs of the infrastructure to attract investors and customers are one of the major factors supporting market revenue. Furthermore, the increasing need for environmental modeling, molecular, and biotechnological analysis using data analysis & predictive analysis is also boosting the industry statistics.
 

Increasing demand for imaging software

Imaging software segment is expected to grow at over 40% CAGR through 2027 due to growing demand for image processing algorithms across various industry verticals. The healthcare sector is highly adopting high-performance graphic processors used in medical imaging to drive high-resolution displays in graphic systems. GPUaaS plays an important role to enable high performance and computation capabilities to facilitate the tasks related to image processing.
 

GPU as a Service (GPUaaS) Market

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The IaaS service model to dominate the market

The IaaS service model held around 20% of the GPUaaS market share in 2020 owing to its additional benefits, such as delivering fundamental compute, network & storage resources, to consumers on-demand, over the internet, and on a pay-as-you-go basis. The advent of emerging technologies, such as containers and serverless and the rise of microservice application patterns have created more opportunities for the IaaS service model.  
 

Browse key industry insights spread across 320 pages with 388 market data tables and 33 figures & charts from the report, “GPU as a Service Market Size, By Product (Software [Computer-aided Design (CAD)/ Computer-aided Manufacturing (CAM), Simulation, Imaging, Digital Video, Modeling and Animation], Services [Managed Services, Updates & Maintenance, Compliance & Security]), By Application (Gaming, Design and Manufacturing, Automotive, Real-estate, Healthcare), By Service Model (SaaS, IaaS, PaaS), By Delivery Model (Public, Private, Hybrid), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/gpu-as-a-service-market
 

Growing adoption of the hybrid GPUaaS delivery model to improve the productivity of graphic-intensive applications

The hybrid GPUaaS delivery model is poised to register growth rate of around 40% through 2027. The hybrid model provides simplicity, flexibility & cost optimization and workloads are particularly well-suited to hybrid cloud computing. The hybrid model strikes the right balance between cost and features to support successful enterprise adoption of GPUaaS.
 

Increasing usage of GPUaaS across automotive applications

The automotive application segment captured more than 15% of the revenue share in 2020 on account of growing demand to deliver new vehicle innovations as per the market need. GPUaaS helps automakers to build & collaborate with teams across the globe and scale their computing resources as required.
 

Rising consumer electronics industry in Asia Pacific

Asia Pacific GPUaaS market revenue is anticipated to account USD 7 billion revenue by 2027. Presence of consumer electronic markets such as India and China are augmenting the regional demand. The increasing tech-savvy population and a shift toward a healthy & fit lifestyle among the population are set to create more opportunities in the development of innovative consumer electronics products.
 

Focus on product development and strategic partnership by key players

Companies are focusing on collaborative development initiatives to address the market demand. For instance, in June 2021, NVIDIA signed a partnership agreement with Global Partners LP to launch new HGX a100 systems to accelerate industrial AI and HPC. This launch helped the company to offer high-performance computing, offer GPUaaS solutions and make supercomputing more useful to a growing number of industries.
 

Some of the key players operating in the GPUaaS market are Advanced Micro Devices (AMD), Autodesk, AWS, Cogeco Communications Inc., Dassault Systems, Inc., Google LLC, IBM Corporation, Intel Corporation, Microsoft Corp., Nimbix, Inc., NVIDIA Corporation, Penguin Computing Inc., Qualcomm Technologies, Inc., ScaleMatrix Holdings, Inc., Siemens AG, and S3 Graphics.
 

Authors: Ankita Bhutani, Preeti Wadhwani