Graphics Processing Unit Market on Track for Strong Growth, Estimated to Grow at 28.5% CAGR Through 2029

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Graphics Processing Unit Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for graphics processing units has skyrocketed in the past few years. The market is projected to expand from a worth of $54.57 billion in 2024 to $72.03 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 32.0%. This significant increase in the historic period is primarily due to factors such as expansion of data centers, the advent of cloud gaming services, emergence of autonomous vehicles and advanced driver-assistance systems, the rise of edge computing and the growth of the Internet of Things (IoT), and the boom in blockchain and cryptocurrency.

Graphics Processing Unit Market Size Forecast: What's the Projected Valuation by 2029?
The market size for graphics processing units is predicted to witness significant growth in the approaching years, with a projected value of $196.15 billion by 2029 and a Compound Annual Growth Rate (CAGR) of 28.5%. The growth over the forecast period is anticipated due to factors such as the expansion of the gaming industry, the proliferation of multimedia content creation, the onset of graphical user interfaces, enhancements in display technologies, and the increase in cryptocurrency mining. Key trends expected during the forecast period entail the integration of AI and machine learning, edge computing and IoT, autonomous vehicles, the incorporation of quantum computing support, and the implementation of the 5G network.

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What Are the Drivers Transforming the Graphics Processing Unit Market?
The escalating preference for portable computing gadgets is anticipated to boost the graphics processing unit market's growth in the forthcoming years. These devices, characterized by their compactness, lightness, and mobility, are engineered for computing functions while traveling. Graphics Processing Units (GPUs) are integrated into these devices to amplify their graphics prowess and overall computing efficiency. For example, as per February 2023 data from Uswitch Limited, a UK-centric price comparison and switching service enterprise, the UK recorded 71.8 million mobile connections, marking a 3.8% growth (approximately 2.6 million) from 2021. In addition, projections indicate that 95% of the UK population (about 65 million individuals out of 68.3 million) are likely to possess a smartphone by 2025. As a result, the expanding usage of portable computing gadgets will accelerate the graphics processing unit market's momentum.

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What Long-Term Trends Will Define the Future of the Graphics Processing Unit Market?
Key players in the graphics processing unit market are concentrating on state-of-the-art technologies, such as gaming graphics cards, to better serve the needs of their current customers. Gaming graphics cards are tailor-made hardware aimed at delivering superior graphics for gaming purposes. In November 2022, for example, Advanced Micro Devices Inc., an American firm that manufactures graphic cards and computer processors, introduced the AMD Radeon RX 7900 XTX and Radeon RX 7900 XT graphics cards. These are the first of their kind, being gaming graphics cards utilizing a complex AMD chiplet design. They deliver outstanding performance and energy efficiency, supporting high framerate 4K and higher resolution gaming even in hardest games. They feature the first gaming GPU with a chiplet design, offering frequencies up to 15% higher and up to 54% more power efficiency. They also include the new 5nm 306mm2 Graphics Compute Die (GCD), which contains up to 96 compute units and provides the primary GPU functionality. Additional key features include six new 6 nm Memory Cache Die (MCD) at 37.5 mm2, each housing up to 16 MB of the 2nd generation AMD Infinity Cache technology.

Which Segments in the Graphics Processing Unit Market Offer the Most Profit Potential?
The graphics processing unitmarket 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 Firms Dominate the Graphics Processing Unit Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Graphics Processing Unit Market?
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.

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