GPU as a Service Market By 2024 Top Companies: NVIDIA, AMD, Microsoft, Google, Amazon Web Services, IBM, Intel Corporation, Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, Qualcomm, Penguin computing
The GPU as a service market demand is forecast to witness double digit growth owing to constant changes in graphic games, AR, VR, and AI. Changing megatrends in the electronics and IoT space will create new opportunities in the industry owing to huge investment and the need to develop new software graphics design. However, the inability to integrate GPU hardware with cloud and managed services will restrain growth.
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GPU as a Service Market size was estimated at over USD 200 million in 2016, and is set to exceed USD 5 billion by 2024. The GPU as a service industry helps in delivering enhanced images, including optical effects, seamless motion, and intricate shapes at a faster pace. The market is booming due to increase in demand for visual effects in gaming and entertainment applications. Also, the improved performance and functionality of the GPU have made them coprocessors for the computation, fostering the market growth.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
5. Amazon Web Services
7. Intel Corporation
9. Dassault Systèmes
11. Siemens PLM Software
13. Penguin computing
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GPU as a Service Market, By Product
o Digital Video
o Modeling and Animation
o Managed Service
o Updates and Maintenance
o Compliance and Security
GPU as a Service Market, By Delivery Model
There has been a steady rise in the gaming audience and support for AR and VR in the gaming sector. Thus, GPU providers and AR and VR players are collaborating and integrating their solutions to come up with relevant products for their customers. The design and manufacturing plants and automotive sector will have highest growth due to the increase in sales of four wheelers and huge investment from analytics firms such as MapD Technologies.
The Asia Pacific industry has witnessed an increase in gaming audience and manufacturing plants. Furthermore, the increase in the use of 3D, modeling, and simulation, in countries such as Japan, South Korea, and China for their infrastructure projects foster the market growth.
Companies operating in the industry include NVIDIA, AMD, Microsoft, Google, Amazon Web Services, IBM, Penguin computing, Nimbix, ScaleMatrix, Intel Corporation, Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, and Qualcomm.
Browse key industry insights spread across 195 pages with 230 market data tables & 13 figures & charts from the report, GPU as a Service Market in detail along with the table of contents:
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