Global GPU-as-a-Service Market is anticipated to grow at a CAGR of XX% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Global GPU-as-a-Service Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global GPU-as-a-Service Market accounted for over US$ XXX million in 2019. It is anticipated to grow at a CAGR of XX% from 2020 to 2030.
GPU (Graphics Processor Unit) is a component that enables video & graphics on a PC. It has become a vital component in high-performance computing, self-driven cars, and AI, and is referred to as the future of computing. In high-end applications, GPU is utilized with a CPU to accelerate deep learning, analytics, machine learning, and applications for platforms ranging from drones, search engines, and cars to interactive speech, video games, and more.
The increased focus of players on gaming devices and the design of products is improving the market potential of GPU as a service. With changing technology, more games are being launched that require the best GPU to maximize their performance. Thus, companies are releasing games that are quite GPU-intensive and require no choice but to buy new discrete video cards. They are further investing to deliver better capabilities. For instance, MapD Technologies secured US$ 25 million funding from NEA and NVIDIA to advance its GPU analytics. MapD software platform helps analysts and scientists to explore multi-billion data sets. With increasing data volumes, the extraction of the full value of the data has become a challenge for several organizations. Thus, through this funding, the company will harness the parallel processing power of GPUs and provide insights.
Rapid technological change in GPUs will impact the market growth. Different companies are developing graphics cards for different hardware products. With the growing advent of 3D imaging and video games, companies need to upgrade their GPUs to deliver more power and efficiency by improving the technology every year and coming up with new products. For instance, in August 2018, Stardock Entertainment announced the launch of the DirectX 12-leveraging software that allows gamers to combine the power of AMD and NVIDIA in one machine. The company also announced the extension of its gaming & technology partnership with AMD.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Global GPU-as-a-Service Market By Product (Software and Services), By Delivery Model (Public Cloud, Private Cloud, and Hybrid Cloud), By Service Model (SaaS, PaaS, and IaaS), By Application (Gaming, Cryptocurrency Mining, Design & Manufacture, Automotive, Real-estate, and Healthcare) – Global Analysis & Forecast 2020-2030. in detail along with the table of contents:https://www.marketindustryreports.com/global-gpu-as-a-service-market/404
Autonomous vehicles are attracting huge R&D; funding and major automotive companies are investing heavily in modern technologies to facilitate the development of autonomous automobile vehicles. To ensure optimum output from deep learning applications, a massive amount of computing power is required. Accelerated computing made possible by developments in the GPU technology has largely helped to overcome the restraint of limited processing power. GPU-accelerated computing capabilities will allow vehicles to perform complex functions by perceiving their environment and process huge amounts of data in real-time to make critical decisions.
Due to large-scale investment in the technology by companies operating in the U.S. market, North America will dominate the GPUaaS market throughout the forecast period. Also, with an extensive cloud network present in the region and increasing awareness regarding cloud computing benefits, the uptake of the technology in North America will increase steadily. The increasing disposable income is significantly supporting the GPU-as-a-Service market and is expected to exhibit lucrative growth over the forecast timeline.
Some of the prominent players in the GPU-as-a-Service market include Advanced Micro Devices (AMD), Inc., Autodesk, Amazon Web Services, Inc., PTC, Dassault Systems, Inc., Google Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, and NVIDIA Corporation.
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