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GPU Market to Register 31% CAGR From Dedicated Hardware Segment Over 2018-2024

Author : Ronak Bora | Published Date : 2019-03-27 

The Latin America GPU Market is expected to exhibit the fastest growth rate with a CAGR over 35% from 2018 to 2024. The GPU market growth is attributed to the profound growth of the gaming industry in countries including Brazil and Mexico. A rise in the sales of smartphones, PCs, and tablets is also fueling the gaming industry growth. For instance, in September 2018, AsusTek expanded its manufacturing facility in Brazil to cater to growing consumer demands for dedicated gaming computers. As the region’s gaming industry is booming, the demand for smartphones and other gaming devices that use high-speed graphic processors to maintain peak performance during playing sessions will increase.

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The key factors driving the GPU market growth include the rising adoption of GPUs in the healthcare sector, rapidly evolving PC gaming landscape with the advent of interactive Virtual Reality (VR) games, and the growing popularity of GPUs for machine learning and neural network training applications. In applications involving machine learning and Big Data analytics, GPUs are highly efficient when compared with CPUs as they enable excellent multiple parallel processing. With 10-100x application throughput and thousands of computational cores compared to CPUs, GPUs are preferred by scientists and data analysts who require massive Big Data processing capabilities.

From interactive model-based image registration and MRI connectivity mapping to medical imaging and image reconstruction, the healthcare industry is increasingly leveraging the extensive computational power of GPUs. Technological advancements are giving rise to a persistent expectation from healthcare providers to deliver advanced visualization capabilities. Also, the increasing emphasis on affordable care is exerting an increasing pressure to effectively manage costs across the entire medical imaging lifecycle.

The dedicated GPU market is expected to grow at a CAGR of over 31% from 2018 to 2024 due to the growing demand for these processors as they are more powerful and designed to serve complex graphic processing calculations for applications such as 3D modelling, simulation, and gaming. Proliferation of tablets and gaming PCs will drive the demand for these processors. The built-in graphics technology in these devices helps to deliver unmatched performance and stunning visuals for HDR mobile gaming. The unit shipments of dedicated GPUs are expected to exceed 150,000 thousand units by 2024.

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On-premise GPU deployment held a major market share of over 90% in 2017. On-premise GPU server deployment give organizations the capability to manage their own infrastructure and customize it accordingly. The model is also cost-effective as it eliminates the need to outsource the management of infrastructure to third-parties. Such factors are likely to drive the on-premise (graphic processing unit) GPU market growth.

Players operating in the GPU market are collaborating with technology service providers to integrate advanced technologies into their products. IBM, Intel, Advanced Micro Devices, and other chipmakers are investing significantly in R&D to offer better performing chips that can crunch huge data sets used in AI and machine learning applications such as image & voice recognition. As the demand for high power computing to represent complex graphical objects and animations increases, the uptake of advanced GPUs is likely to accelerate swiftly over the forecast timeline. Also, there has been an increasing trend among processor manufacturers to join forces with cloud service providers for offering GPUaaS services to their customers.

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Some of the prominent players operating in the GPU Market include Advanced Micro Devices (AMD), Autodesk, Amazon Web Services, Cogeco Communications, Dassault Systems, Google, IBM, Intel, Microsoft, NVIDIA, Nimbix, Penguin Computing, PTC, Qualcomm, ScaleMatrix, Siemens AG, and S3 Graphics.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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