Global GPUaaS Market Size worth over $7bn by 2025
Published Date: July 3, 2019 Authors: Ankita Bhutani, Preeti Wadhwani
GPU as a Service (GPUaaS) Market size is set to exceed USD 7 billion by 2025; according to a new research report by Global Market Insights, Inc.
The GPUaaS market growth is attributed to the increasing focus on product designing and development across various sectors such as manufacturing, consumer goods, and automotive. Engineers, architects, and designers require fast & seamless GPU cores to run the rendering and animation designs to build 3D models and attract investors and customers. The use of 3D modeling and animation is increasing rapidly due to advancements in high-performance computing capabilities of GPU solutions. Animation is being widely used in movies and the demand for higher graphical output is consistently growing, prompting the companies to introduce advanced GPU solutions. Animation studios are partnering with companies providing GPU solutions for enhancing the quality of their animated feature films.
The continuously rising adoption of the IIoT across various sectors, such as manufacturing, automotive, and consumer goods, for product design, development, and data analysis is empowered & backed by deep learning, Artificial Intelligence (AI), and big data analytics that require high-performing GPUs for scaling and speeding up the process. The GPU as a Service (GPUaaS) market players are developing GPU specifically for deep learning and AI. For instance, in November 2017, NVIDIA launched NVIDIA Deep Learning SDK, which delivers high-performance multi-GPU acceleration for deep learning algorithms and is designed for easy drop-in acceleration for deep learning frameworks. Its deep learning will create a dense GPU environment, which is expected to be powered by integrated solutions and offer automated & real-time intelligence and insights.
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Supportive government initiatives related to the construction of smart cities and energy-efficient smart buildings will require high-performing GPUs to run the real-time process seamlessly along with the deployment of deep learning for predictive analytics, which is anticipated to drive the GPUaaS market over the forecast timeline. For instance, in January 2018, the Singapore government invested approximately USD 73 million in the data-rich, live digital twin of the Singapore city. This will help the officials to make the best urban planning decisions and communicate with citizens by sharing information visually. This 3D digital twin and modeling will require high-performing GPUs for real-time analysis as well as deep learning for predictive analytics.
Browse key industry insights spread across 272 pages with 373 market data tables & 28 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), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Spain, France, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
The SaaS service model held the largest market share in the service models segment in 2018 and is anticipated to dominate the market share over the forecast timeline due to the large-scale adoption of cloud-based GPU computing solutions by end users. The companies operating in the GPU as a Service market are increasingly focusing on delivering SaaS-based solutions to their customers to offer them flexible and scalable computing solutions. For instance, Dassault Systèmes, a leading developer of advanced 3D modeling and simulation applications, provides its industry-leading multi-platform software suite for Computer-Aided Design (CAD), CATIA in the form of a cloud-based version. Its customers can easily create and view 3D designs from a host of different devices using cloud-based solutions.
The Asia Pacific GPUaaS market is projected to register significant growth with a CAGR of over 40% between 2019 and 2025. The growing adoption of the IoT and IIoT across sectors, such as manufacturing, automotive, and healthcare, due to the rising internet penetration coupled with the proliferation of smart devices is fueling the GPUaaS market. The region is a key contributor to the gaming market and is rapidly adopting cloud gaming resulting in the market growth. For instance, Asia Pacific generated a revenue of more than USD 70 billion in 2018 with a year-on-year growth of over 7%.
The companies operating in the GPUaaS market are focusing on technological innovations, strategic acquisitions, and mergers to strengthen their market position and acquire new customers. For instance, in March 2019, Google launched Stadia cloud gaming services at the Game Developers Conference (GDC) in San Francisco. Stadia will stream games from the cloud to the Chromecast, Chrome browser, and Pixel devices, in the U.S., Canada, the UK, and Europe.
Some of the key players operating in the GPUaaS market are Advanced Micro Devices, Inc., Autodesk, Inc., Amazon Web Services (AWS), Cogeco Communications Inc., Dassault Systems, Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Nimbix Inc., Nvidia Corporation, Penguin Computing Inc., PTC Inc., Qualcomm Technologies, Siemens AG, and HTC Corporation.
GPU as a Service (GPUaaS) Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:
GPUaaS Market, By Product
- Digital Video
- Modeling & Automation
- Managed Services
- Updates & Maintenance
- Compliance & Security
GPUaaS Market, By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
GPUaaS Market, By Service Model
GPUaaS Market, By Application
- Cryptocurrency Mining
- Design & Manufacturing
- Real estate
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- South Africa