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GPU Market for Dedicated Segment is Expected to Grow At A CAGR of 31% from 2018 to 2024

Author : Ronak Bora | Published Date : 2019-04-11 

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.

2017 Market Size – USD 12 Billion

Compound annual Growth Rate (CAGR)- 30%

2024 Forecast Value – USD 80 Billion +

To access a sample copy of the GPU market report in detail along with the table of contents, please click the link below:  www.gminsights.com/request-sample/detail/3088

It is expected that clinical health AI applications will create around USD 150 billion in annual savings for the U.S. healthcare industry by 2026. The increasing popularity of AI-based applications will compel GPU manufactures to develop new GPUs that run intensive machine learning algorithms efficiently. However, a declining market for cryptocurrency will affect the GPU market growth. Miners need high-end computing processors to build machines that mine bitcoin. As the value of value of cryptocurrency is declining, the demand for GPUs has also decreased to a greater extent.

Highlights of this report: 

Base Year: 2017

Growth Projections – 2018 to 2024

Historical data coverage:  2013 to 2017

Number of Pages – 315

Data Tables – 543

The integration & maintenance service segment is expected to hold a market share of over 35% in 2024. Organizations are rapidly using GPUs to accelerate the performance of their computing systems. The use of graphics-intensive applications utilizing AI compels them to ensure that GPU-accelerated containers match the requirements for deep learning software and are embedded properly. Thus, to ensure that their systems are up-to-date and delivering a high performance, the demand for integration & maintenance services increases. 

Growth Drivers of GPU Market:

  • Growing popularity of VR in gaming applications
  • Extensive use of integrated GPUs into portable electronic devices
  • Growing trend of smartphone-based games
  • Growing adoption for GPUs to support cloud-based analytics applications
  • Increasing utility of GPUs in healthcare applications

Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:

  1. AMD
  2. Autodesk
  3. Amazon Web Services
  4. Dassault Systèmes
  5. Google
  6. IBM
  7. Intel Corporation
  8. Microsoft
  9. NVIDIA
  10. PTC
  11. Qualcomm
  12. Siemens

The gaming application segment is expected to hold a major share of the GPU market accounting for over 34% by 2024. This market growth is attributed to the growing demand for high-resolution games. Tablet and smartphone penetration are fueling the growth of the gaming industry. For instance, according to the ESAC Report 2018, 80% of Canadians view video games as mainstream entertainment. Around 30% of Canadian gamers have purchased a digital download of the full game in the past 6 months.

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The Latin America GPU market is expected to exhibit the fastest growth rate with a CAGR over 35% from 2018 to 2024. The (graphic processing unit) 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.

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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