Global Graphics Processing Unit Market Projected to Surpass $198.57 Billion by 2029 with 28.6% Annual Growth

Which drivers are expected to have the greatest impact on the over the graphics processing unit market's growth?
The anticipated rise in the use of portable computing devices is projected to fuel the expansion of the graphics processing unit market in the future. These devices, which are small, lightweight, and mobile, are designed for on-the-go computing tasks. They employ Graphics Processing Units (GPUs) to boost their graphic capabilities and overall computational power. As an example, Uswitch Limited, a UK price comparison and switching service company, reported in February 2023 that mobile connections in the UK had climbed to 71.8 million, a 3.8% (or roughly 2.6 million) increase from 2021. Furthermore, it is predicted that by 2025, 95% of the UK population, or approximately 65 million people, will own a smartphone. Therefore, the increasing popularity of portable computing devices is set to propel the growth of the graphics processing unit market.

Get Your Graphics Processing Unit Market Report Here:
https://www.thebusinessresearchcompany.com/report/graphics-processing-unit-global-market-report

What is the future CAGR of the graphics processing unit market, and how will it impact industry expansion?
In recent times, the market size of the graphics processing unit has seen a substantial expansion. It is estimated to surge from $54.57 billion in 2024 to $72.51 billion in 2025, reflecting a formidable compound annual growth rate (CAGR) of 32.9%. This notable growth in the previous period is due to factors like the expansion of data centers, emergence of cloud gaming services, development of autonomous vehicles and advanced driver-assistance systems (ADAS), the increase in edge computing and Internet of Things (IoT), as well as the growing influence of blockchain and cryptocurrency.

In the coming years, the market size of the graphics processing unit is anticipated to witness significant expansion, ultimately reaching a value of $198.57 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 28.6%. Factors contributing to this uptick during the forecast period include the burgeoning gaming industry, the creation of multimedia content, the emergence of graphical user interfaces, progress in display technologies, and the increasing prevalence of cryptocurrency mining. The forecast period will also see key developments such as the integration of AI and machine learning, edge computing and IoT, the use of autonomous vehicles, support for quantum computing, and the deployment of 5G networks.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13666&type=smp

How are the latest trends influencing the growth of the graphics processing unit market?
Leading firms in the graphics processing unit market are concentrating on advanced technologies like gaming graphics cards to fulfill their current customer requirements better. Gaming graphics cards are a type of customized hardware devised to provide high-end graphics for gaming apps. For instance, Advanced Micro Devices Inc., a company in the U.S. known for manufacturing graphic cards and computer processing units, introduced the AMD Radeon RX 7900 XTX and Radeon RX 7900 XT graphic cards in November 2022. These were developed based on the AMD RDNA 3 architecture, making them the first gaming graphics cards incorporating a sophisticated AMD chiplet design. This design ensures excellent performance and energy efficiency, offering high-framerate 4K and superior resolution gaming even in demanding titles. These cards boost frequencies by 15% and improve power efficiency by 54% owing to the inclusion of a gaming GPU with chiplet architecture. These cards feature a new 5nm 306mm2 Graphics Compute Die (GCD) containing up to 96 compute units paving the way for primary GPU functionality. They also incorporate six resilient 6nm Memory Cache Die (MCD) of 37.5 mm2 each bearing up to 16 MB of 2nd generation AMD Infinity Cache technology.

Which key market segments comprise the graphics processing unit market and drive its revenue growth?
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

Subsegments:
1) By Hardware: Dedicated GPUs, Integrated GPUs, GPU Chipsets
2) By Software: Driver Software, GPU Management Software, Rendering Software
3) By Service: GPU Cloud Services, Support And Maintenance Services, Consulting Services For GPU Deployment

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13666

What regions are at the forefront of graphics processing unit market expansion?
Asia-Pacific was the largest region in the graphics processing unit market in 2024. 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.

Who are the leading players fueling growth in the graphics processing unit market?
Major companies operating in the graphics processing unit market report are 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.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=13666&type=smp

What Is Covered In The Graphics Processing Unit Global Market Report?

• Market Size Forecast: Examine the graphics processing unit market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the graphics processing unit market for a structured understanding.
• Key Players Overview: Analyze major players in the graphics processing unit market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the graphics processing unit market.
• Segment Contributions: Evaluate how different segments drive overall growth in the graphics processing unit market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the graphics processing unit market.
• Industry Challenges: Identify potential risks and obstacles affecting the graphics processing unit market.
• Competitive Landscape: Review strategic developments in the graphics processing unit market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.