Emerging Growth on Global GPU Market with Major Predominant Players: AMD, Autodesk, Amazon Web Services, Dassault Systèmes, Google, IBM, Intel Corporation, Microsoft, NVIDIA, PTC, Qualcomm

The GPU market growth is attributed to a surge in the adoption of the IoT in industrial and automotive sectors. As the IoT devices gather huge amounts of data that needs to be tracked and analyzed, the demand for high-end computing system increases. This further propels the need for GPUs that provide the requisite support for analyzing complex datasets in a quick manner. Other factors fueling the graphic processing unit (GPU) Market growth include various government-led investments in the semi-conductor industry and a rise in the uptake of the AI technology to drive innovations in sectors such as healthcare, automotive, and manufacturing.

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It is expected that clinical health AI applications will create around USD 150 billion in annual savings for the U.S. healthcare industry by 2026. The increasing popularity of AI-based applications will compel GPU manufactures to develop new GPUs that run intensive machine learning algorithms efficiently. However, a declining market for cryptocurrency will affect the graphic processing unit (GPU) Market growth. Miners need high-end computing processors to build machines that mine bitcoin. As the value of value of cryptocurrency is declining, the demand for GPUs has also decreased to a greater extent.

The key players covered in this study: -
• AMD
• Autodesk
• Amazon Web Services
• Cogeco Communications inc.
• Dassault Systèmes
• Google
• IBM
• Intel Corporation
• Microsoft
• Nimbix
• NVIDIA
• Penguin Computing
• PTC
• Qualcomm
• ScaleMatrix
• Siemens
• S3 Graphics

The GPU software market is projected to hold a market share of around 20% in 2024. CAM/CAD software is projected to hold a market share of over 40% in 2024 owing to the extensive use of these software in designing and manufacturing prototypes. Organizations first need to create visual effects for developing their products and then turn the designs into realistic products. As these software programs are extremely graphics-intensive, the demand for GPU-powered supercomputers will increase to support advanced computing capabilities required for the generation of models.

The integration & maintenance service segment is expected to hold a market share of over 35% in 2024. Organizations are rapidly using GPUs to accelerate the performance of their computing systems. The use of graphics-intensive applications utilizing AI compels them to ensure that GPU-accelerated containers match the requirements for deep learning software and are embedded properly. Thus, to ensure that their systems are up-to-date and delivering a high performance, the demand for integration & maintenance services increases.

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On-premise GPU deployment held a major market share of over 90% in 2017. On-premise GPU server deployment give organizations the capability to manage their own infrastructure and customize it accordingly. The model is also cost-effective as it eliminates the need to outsource the management of infrastructure to third-parties. Such factors are likely to drive the on-premise (graphic processing unit) GPU market growth.

The gaming application segment is expected to hold a major share of the GPU market accounting for over 34% by 2024. This market growth is attributed to the growing demand for high-resolution games. Tablet and smartphone penetration are fueling the growth of the gaming industry. For instance, according to the ESAC Report 2018, 80% of Canadians view video games as mainstream entertainment. Around 30% of Canadian gamers have purchased a digital download of the full game in the past 6 months.

The Latin America GPU market is expected to exhibit the fastest growth rate with a CAGR over 35% from 2018 to 2024. The (graphic processing unit) GPU market growth is attributed to the profound growth of the gaming industry in countries including Brazil and Mexico. A rise in the sales of smartphones, PCs, and tablets is also fueling the gaming industry growth. For instance, in September 2018, AsusTek expanded its manufacturing facility in Brazil to cater to growing consumer demands for dedicated gaming computers. As the region’s gaming industry is booming, the demand for smartphones and other gaming devices that use high-speed graphic processors to maintain peak performance during playing sessions will increase.

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

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