Graphics Processing Unit (GPU) Global Market Trends - 2024

"The Business Research Company a report, titled, 'Graphics Processing Unit Global Market Report 2024 - By Component (Hardware, Software, Service), By Deployment Type (On-Premises, Cloud), By Industry Vertical (Electronics, Information Technology And Telecommunication, Defense And Intelligence, Media And Entertainment, Automotive, Other Industry Verticals) - Market Size, Trends, And Global Forecast 2024-2033Graphics Processing Unit Global Market Report 2024 - By Component (Hardware, Software, Service), By Deployment Type (On-Premises, Cloud), By Industry Vertical (Electronics, Information Technology And Telecommunication, Defense And Intelligence, Media And Entertainment, Automotive, Other Industry Verticals) - Market Size, Trends, And Global Forecast 2024-2033'. According to the report, The graphics processing unit market size is expected to see exponential growth in the next few years. It will grow to $155.54 billion in 2028 at a compound annual growth rate (CAGR) of 29.9%.

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Report Coverage & Details:

• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $54.57 billion
• Revenue Forecast In 2033: $155.54 billion
• CAGR: 29.9%

Global Graphics Processing Unit Market: Segmentation

The graphics processing unit market covered in this report is segmented -

1) By Component: Hardware, Software, Service
2) By Deployment Type: On-Premises, Cloud
3) By Industry Vertical: Electronics, Information Technology And Telecommunication, Defense And Intelligence, Media And Entertainment, Automotive, Other Industry Verticals

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Graphics Processing Unit Market Report: Growth Drivers
The rising adoption of portable computing devices is anticipated to accelerate the growth of the graphics processing unit (GPU) market in the coming years. Portable computing devices are compact, lightweight, and mobile electronic devices designed for on-the-go computing tasks. GPUs enhance the graphics performance and overall capabilities of these portable devices. For instance, in February 2023, Uswitch Limited reported that there were 71.8 million mobile connections in the UK, reflecting a 3.8% (around 2.6 million) increase since 2021. Additionally, it is expected that 95% of the UK population, approximately 65 million individuals out of 68.3 million, will own a smartphone by 2025. Therefore, the increasing adoption of portable computing devices is set to drive the graphics processing unit market.

Key Developments:

Intel's Strategic Move Enhancing Graphics Capabilities Through The Acquisition Of Siru Innovations
In May 2022, Intel Corporation, a US-based company that manufactures graphic processing units and semiconductors, acquired Siru Innovations for an undisclosed amount. Through the acquisition, Intel tried to compete with Nvidia and AMD by becoming a key player in discrete graphics and accelerated computing. These initiatives include Intel's new Arc GPUs for PCs, the forthcoming Ponte Vecchio GPU for high-end computing, and the Blockscale ASIC for Bitcoin mining. Siru Innovations is a Finland-based GPU and graphics development company.

Top Market Leader Included:

Google LLC, Samsung Electronics Co.Ltd, Sony Corporation, Siemens AG, Intel Corporation, IBM Corporation, Qualcomm Incorporated, Broadcom Inc., Fujitsu Limited, Toshiba Corporation, NVIDIA Corporation, NEC Corporation, Advanced Micro Devices, Dassault Systèmes SE, Marvell Technology Inc., Realtek Semiconductor Corp., Arm Limited, Cirrus logic Inc, Verisilicon Inc, VIA Technologies Inc., ASPEED Technology Inc., Matrox Electronic Systems Ltd., Imagination Technologies Group, EVGA Corporation, Trident Microsystems Inc., 3DLabs Inc. Ltd., SAPPHIRE Technology Limited, 3dfx Interactive Inc., Rendition Inc., Oak Technology Inc.

Graphics Processing Unit Industry: Regional Landscape

Asia-Pacific was the largest region in the graphics processing unit market in 2023. LAMEA is expected to be the fastest-growing region in the forecast period. The regions covered in the graphics processing unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the graphics processing unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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What Does The Global Graphics Processing Unit Market Report Include?

1.Introduction
• Overview of the Graphics Processing Unit Market
• Comprehensive Analysis of Graphics Processing Unit Market

2. Graphics Processing Unit Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period

3. Graphics Processing Unit Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel

4. Competitive Landscape And Company Profiles In The Graphics Processing Unit Market
• Overview
• Products and Services
• Strategy

5. Graphics Processing Unit Market Regional And Country Analysis
• By Region
• By Country

6. Market Trends And Opportunities In Graphics Processing Unit Market
• Technological Advancements
• Emerging Trends

7. Graphics Processing Unit Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities

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