Graphic Processing Unit (GPU) Market Trends 2023, Leading Companies Share, Size and Forecast Report By 2028

IMARC Group's latest research report, titled "Graphic Processing Unit (GPU) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global graphic processing unit (GPU) market size reached US$ 42.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 189.6 Billion by 2028, exhibiting a growth rate (CAGR) of 28.1% during 2023-2028.

Graphic Processing Unit Trends:

A Graphic Processing Unit, commonly abbreviated as GPU, is a specialized electronic circuit engineered to accelerate the processing of images and videos for output to a display. The architecture of a GPU is inherently designed to handle multiple tasks simultaneously, which makes it well-suited for parallel processing. Essentially, it consists of thousands of smaller, more efficient cores specifically tailored for handling a multitude of tasks at high speeds. These cores work in conjunction with powerful memory hierarchies to facilitate rapid data throughput. The primary mechanism of a GPU is to interpret and alter memory to accelerate the generation of images intended for the display. This is achieved through a series of mathematical operations in rendering images and textures.

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Competitive Landscape with Key Players:

• Advanced Micro Devices Inc
• Arm Limted (Soft Bank Group)
• Imagination Technologies Ltd
• Intel Corporation
• Nvidia Corporation
• Qualcomm Technologies Inc
• Sapphire Technology Limited

Graphic Processing Unit (GPU) Market Growth and Demand:

The global market is primarily driven by the expanding need for high-definition graphics in the video gaming sector. In line with this, technological advancements in artificial intelligence are also providing an impetus to the market. Moreover, the escalation in data center workloads is acting as a significant growth-inducing factor for the market. In addition to this, the increase in computer vision applications across multiple industries is resulting in a higher demand for robust graphical capabilities. Besides this, real-time analytics, essential for business decision-making, is creating lucrative opportunities in the market. Also, the widespread adoption of mobile-based applications is impacting the market positively. The market is further influenced by the heightened focus on digital transformation across various sectors. Apart from this, the role of GPUs in accelerating cloud-based data processing is propelling the market.

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Key Market Segmentation:

Type Insights:

• Discreet GPUs
• Integrated GPUs

Devices Insights:

• Computer
• Tablet
• Smartphone
• Gaming Consoles
• Television
• Others

Industry Insights:

• Electronics
• IT and Telecommunication
• Defense and Intelligence
• Media and Entertainment
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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