Global GPU Market Size to surpass $80bn by 2024

GPU Market is set to exceed USD 80 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

The GPU market is expected to witness a sharp growth from 2018 to 2024 due to the heavy demand for advanced graphics computing systems, which play an important role in applications, such as gaming, image processing, and 3D visualization, where massive calculations are needed. For instance, with the introduction of Artificial Intelligence (AI) and Virtual Reality (VR) in gaming, the demand for graphics cards has increased to a greater extent. To meet the intense graphical and computational demands of VR applications, developers need high-computing processors to minimize latency issues and provide better overall image quality.

 

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Another factor augmenting the GPU market growth is the growing usage of deep learning algorithms in the healthcare sector, which enables healthcare experts and scientists to train neural networks to analyze vast amounts of medical data including images to identify traits in different diseases. To enable quick & efficient real-time diagnosis of diseases, GPUs are required that possess enormous computing power to support image rendering and data processing.
 

In the GPU hardware segment, the tablet market is expected to witness the fastest growth rate of 30% over the forecast timeline. The rising trend of online gaming has also fueled the penetration of these devices. According to the CNNIC Report 2018, in 2017, the number of mobile internet users in China reached 753 million, an increase of 57.34 million from the end of 2016. As smartphones and tablets are equipped with processors to deliver immersive multimedia with high definition 2D and 3D graphics, the demand for advanced graphics computing systems will increase.
 

In the services segment, the managed services GPU market will exhibit a growth rate of over 35% from 2018 to 2024 due to large-scale adoption of these services for managing various states of GPU devices. With the growing adoption of GPU cloud computing platforms, the demand for managed services, such as remote monitoring and management of computing infrastructure, is expected to increase over the forecast period.
 

Browse key industry insights spread across 315 pages with 543 market data tables & 28 figures & charts from the report, “Graphics Processing Unit (GPU) Market Size By Component (Software [CAD/CAM, Simulation, Imaging, Digital Video, Modelling and Animation], Hardware [GPU Type {Integrated, Dedicated, Hybrid}, Device Type {Computer, Tablet/smartphone, Gaming Console, Television and others}], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud), By Application (Gaming, Design & Manufacturing, Automotive, Real Estate, Healthcare), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia, South Korea, India, Brazil, Mexico, South Africa, Gulf), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/gpu-market
 

The on-premise deployment model segment is expected to grow at a CAGR of 30% over the forecast timeline. The demand for this deployment model is increasing as it enables organizations to run the GPU software in-house and gain more control over the infrastructure. By deploying in-house graphic processing software, enterprises can customize it according to their needs, thereby increasing data privacy. Companies present in the market are offering solutions, which can be deployed in cloud as well as on-premise as per user’s requirements. For instance, in May 2017, Fujitsu introduced Fujitsu AI Solution Zinrai Deep Learning System, which includes a deep learning server leveraging NVIDIA’s GPU. It enables customers to build a deep learning system in the on-premises environment quickly.
 

The real estate application segment will grow at a CAGR of above 35% over the forecast timeline due to the rising adoption of computing-intensive graphics cards to support image recognition applications. Real estate firms use software and applications to deliver photorealistic 3D rendering and visualization. This generates the demand for graphics processors to accelerate the computing performance of the software. Companies in the real estate sector are emphasizing on delivering life-size interactive scenes of interconnected spaces to their customers, which will enhance their experience and give a better perspective of the property. By using advanced capabilities of GPUs, a highly innovative & virtual real estate exploration and buying experience can be offered to customers.
 

North America is expected to hold a significant GPU market share by 2025 due to a rise in the sales of smartphones & tablets and increasing investments in developing high-power processors by regional market players for various applications. As smartphones and tablets are equipped with GPU systems to deliver immersive multimedia with high definition 2D and 3D graphics, the demand for advanced graphic computing systems will increase. A profound growth of the gaming industry in the country will offer lucrative opportunities for chip manufacturers to develop high-power graphics-processing systems. Rapid adoption of VR technology has enabled designers to reach new levels of creativity and build impressive content, thus surging the demand for graphic processors.
 

The companies operating in the GPU market are entering into partnerships to expand their market presence and gain a competitive share in the market. In December 2017, a Toronto-based company, DeepLearning, joined NVIDIA’s partner network, which includes companies that use NVIDIA’s GPU platform to develop services for catering to business customers. Some companies are raising funds to support their business objectives. In March 2017, MapD Technologies secured USD 25 million funding from NEA and NVIDIA to advance in GPU analytics. MapD software platform helps analysts and scientists to explore multi-billion data sets.
 

Some of the prominent players operating in the market are Autodesk, Penguin Computing, Google, IBM, Cogeco Communications, Qualcomm, Advanced Micro Devices (AMD), Dassault Systems, Intel, Amazon Web Services, Microsoft, PTC, ScaleMatrix, Siemens AG, NVIDIA, Nimbix, and S3 Graphics. 
 

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The GPU market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024 for the following segments:
 

By Component

  • By Software
    • CAD/CAM
    • Simulation
    • Imaging
    • Digital video
    • Modeling and animation
  • By Hardware 
  • GPU Type
    • Dedicated
    • Integrated
    • Hybrid
  • Device Type
    • Computer
    • Tablet/smartphone
    • Gaming console
    • Television
  • By Service
    • Training & consulting
    • Integration & maintenance
    • Managed service

By Deployment Model

  • On-premise
  • Cloud

By Application

  • Gaming
  • Design and manufacturing
  • Automotive
  • Real estate
  • Healthcare

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • Australia
    • South Korea
    • India
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Gulf
    • South Africa

 

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