Global GPU as a Service Market Trends and Growth Evolution By Major Players: NVIDIA, AMD, Google, Microsoft, Samsung, Amazon, IBM, Intel, Penguin Computing, Autodesk, Dassault Systems, PTC, Qualcomm, Siemens PLM

According to a new research report by Global Market Insights, Inc., GPU as a Service Market is estimated to be surpass USD 5.7 billion by 2024. The GPU has become vital component in high performance computing, self-driven cars, AI and, is called as future of computing.

In high-end applications, GPU is being used with CPU to accelerate deep learning, analytics, machine learning, and applications for platforms ranging from drones, search engines, cars to interactive speech, video games and much more.

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Software holds majority of the GPU as a service market share and is projected to grow at around 40% CAGR from 2017 to 2024. The imaging technology will be driven by the modernization of the technology in various industry sectors. Other drivers include the commercialization of 3D imaging in products such as smartphones, cameras, camcorders, TV, and gaming consoles. With the change in the technology landscape, organizations are demanding advanced imaging solutions for market expansion and better understanding of the innovative products and services.

The GPU on cloud is gaining importance due to growing use of applications on GPU hardware such as deep learning, AI, speech and voice recognition or NLP, data-mining, and real-time rendering. These applications benefit from scaling to multi servers and clusters that has high speed network interconnects. It is expected that the gaming market will continue to have double-digit growth in next 4-5 years, increasing the popularity of GPU customer base.

The VR gaming and AAA games are forcing customers to upgrade to latest GPU to experience better performance. The GPU has become one of the significant resource in every data center and now with the integration of cloud, the market will expand and see new additions in the market place.

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North America will dominate the market in 2016, approx. accounting for 35% and is expected to maintain its majority by 2024, due to increase in the use of cloud computing and use of graphics technologies in various industries. Moreover, the region has established providers who are collaborating with software providers to offer their products on cloud.

Asia Pacific (APAC) has huge opportunities owing to the increase in the number of gamers, internet reach, action movies, and improving real-estate industry. The region is the fastest growing market due to investment in infrastructure and initiatives taken by government.

Some of the key participants in the GPU as a Service market include NVIDIA, AMD, Google, Microsoft, Samsung, Amazon, IBM, Intel, Penguin Computing, Autodesk, Dassault Systems, PTC, Qualcomm, Siemens PLM. The industry is characterized by presence of graphics providers, integrators provider, cloud providers, security providers, and software providers.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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