GPU Database Market is Projected to Grow at A CAGR of 18.3% During, 2020-2026 | BlazingDB Inc., Brytlyt Limited, Fastdata.io, Inc., Fuzzy Logix LLC, Graphistry, Inc

Bizlytik analysts forecast the global GPU Database market to grow at a CAGR of 18.3% during the forecast period, according to their latest market research report.

GPU databases can handle a high volume of individual data points through integration with Graphics Processing Units (GPUs). The GPUs can quickly solve complex analytical problems well before the stipulated time through the effective use of high-performance computing memory. The modern high-volume databases are being formatted in a columnar store for easy incorporation with GPU-accelerated computational units.

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The increasing introduction of GPU-accelerated tools for computation, ease in accessibility to open-sourced platforms and solutions, and growing need to compute large datasets generated across entire end-user verticals are the influential primary factors that would bolster the prospects of market growth during the forecast period. The gradual increase in the volume of datasets and inclination towards advanced technologies such as machine learning would enable heightened adoption of GPU databases for a smooth transition to such high-end technologies. The continued need for businesses to derive meaningful insights from the high volume of collected customer information would also boost the demand for GPU databases, especially in a time-intensive environment. The gradual integration of AI-driven, high-performance computing technologies into industries would thereby provide the key market players with new opportunities for the product application and business expansion.

On-Premise and Cloud are covered in the Type segment of the market scope. At the same time, the Application is categorized into Governance, Risk and Compliance, Threat Intelligence, Customer Experience Management, Fraud Detection & Prevention, and Others. In contrast, the End-User segment is bifurcated into BFSI, Government, Healthcare, IT & Telecom, Retail, and Others. The report covers the overall value of the market in terms of Type, Application, and End-User.

The Retail segment by End-User is poised to register substantial growth over the forecast period owing to the need to upgrade computational capabilities to cater to the ever-increasing consumer base. Additionally, the requirement to identify repetitive consumer purchase patterns in the form of actionable intel would ensure consistent integration of GPU databases in the sector.

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North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America is a lucrative region and holds a significant share in terms of overall market value owing to the increased interest among businesses to adopt predictive analytics solutions with high-volume data. The considerable spending into the establishment of necessary infrastructure for GPU databases would also propel the regional market growth.

The GPU Database market is moderately consolidated, with several key players operating with expansive business reach and looking to extend database capabilities in new, emerging regions of the globe. The continued efforts of technological development and extension in business capabilities and product incorporation through strategic partnerships are primary business strategies of top players.

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GPU Database Market Key Segments:

By Type
• On-Premise
• Cloud

By Application
• Governance, Risk, and Compliance
• Threat Intelligence
• Customer Experience Management
• Fraud Detection & Prevention
• Others

By End-User
• BFSI
• Government
• Healthcare
• IT & Telecom
• Retail
• Others

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This release was published on openPR.