Graphics Processing Unit Market Anticipated To Witness Robust Growth, Surpassing $198.57 Billion By 2029

The Graphics Processing Unit Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Graphics Processing Unit Market Size and Its Estimated Growth Rate?
In recent times, there has been a significant increase in the size of the graphics processing unit market. It is anticipated that the market will expand from a value of $54.57 billion in 2024 to $72.51 billion in 2025, yielding a compound annual growth rate (CAGR) of 32.9%. The unprecedented growth observed during the historic period can be linked to factors such as the expansion of data centers, a surge in cloud gaming services, the emergence of autonomous vehicles and Advanced Driver-Assistance Systems (ADAS), the development of edge computing and the Internet of Things (IoT), and the rise of blockchain and cryptocurrency.

Anticipated expansion in the market for graphics processing units is expected to be significant in the upcoming years. The market is projected to escalate to $198.57 billion in 2029, reflecting a compound annual growth rate (CAGR) of 28.6%. Factors contributing to this expected growth include the expansion of the gaming industry, enhanced multimedia content creation, introduction of graphical user interfaces, advancements in display technologies, and the booming of cryptocurrency mining. In terms of noteworthy trends going into the forecast period, they encompass AI and machine learning integration, advancements in edge computing and IoT, development of autonomous vehicles, as well as the support for quantum computing and the deployment of 5G networks.

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How Are Emerging Segments Shaping the Graphics Processing Unit Market Landscape?
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

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Which Growth Factors Are Influencing Graphics Processing Unit Market Expansion?
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 portable computing devices are compact, lightweight mobile electronic mechanisms crafted for computing work whilst mobile. Graphics Processing Units (GPUs) are employed in these portable devices to elevate their graphic performance and augment their overall computing functionalities. For instance, Uswitch Limited, a UK-based firm offering price comparison and switching services, registered 71.8 million mobile connections in the UK in February 2023. This tally marked a 3.8% (roughly 2.6 million) rise from numbers recorded in 2021. Furthermore, it is projected that by 2025, 65 million individuals, equivalent to 95% of the UK's population of 68.3 million, will possess a smartphone. Hence, the escalating adoption rates of portable computing devices are set to stimulate growth in the graphics processing unit market.

Who Are the Dominant Players Across Different Graphics Processing Unit Market Segments?
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.

What Graphics Processing Unit Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the graphics processing unit market are concentrating on groundbreaking technologies, such as gaming graphics cards, to better serve their current customers. Gaming graphics cards are unique hardware engineered to provide high-level graphics for gaming applications. One notable instance occurred in November 2022 when Advanced Micro Devices Inc, an American manufacturer of graphic cards and computer processors, released AMD Radeon RX 7900 XTX and Radeon RX 7900 XT graphics cards built on the AMD RDNA 3 architecture. These graphics cards are the first of their kind in the gaming world, utilizing a sophisticated AMD chiplet architecture. They are notable for their excellent performance and energy efficiency, facilitating high-framerate 4K and superior resolution gaming even in the most demanding games. These graphics cards feature the first gaming GPU with chiplet architecture, boasting up to 15% higher frequencies and up to 54% increased power efficiency. They incorporate a new 5nm 306mm2 Graphics Compute Die (GCD) with up to 96 compute units and main GPU functionality. Additionally, they have six new 6 nm Memory Cache Die (MCD) each measuring 37.5 mm2 and supporting up to 16 MB of the 2nd generation AMD Infinity Cache technology.

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Which Geographic Regions Are Expected to Dominate the Graphics Processing Unit Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Graphics Processing Unit Market?
2. What is the CAGR expected in the Graphics Processing Unit Market?
3. What Are the Key Innovations Transforming the Graphics Processing Unit Industry?
4. Which Region Is Leading the Graphics Processing Unit Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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