The GPU as a service market is forecast to expand at 40.8% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 3,911.4 million in 2023 and USD 119,643.4 million by 2033.
Execution of research and development activities in the gaming sector is projected to augment market growth. In the present era, designers, engineers, and architects need animation and rendering software to efficiently construct complex 3D models, designs, and simulations. Businesses significantly rely on visual material to rope in new clients and generate revenue.
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Upgradations in GPU solutions’ super-performance processing capacity and design vertical generation are assessed to positively affect the market growth. In addition to this, the flourishing gaming sector is projected to increase the usage of GPUaaS solutions. A survey conducted in 2022 suggested that 16% of Europeans expended more time on gaming to maintain their mental health during lockdowns.
Cloud technology is rapidly getting hold of technical or non-technical industries. The trend is projected to offer a multitude of opportunities for GPUaaS providers. As many organizations are shifting their workloads to the cloud for better performance output and functionality, the adoption of GPUaaS is projected to rise.
In addition, increasing collaborations between GPUaaS providers, cloud providers, software vendors, and hardware vendors are projected to favor the GPU as a Service industry.
Top Highlights from the FMI’s Analysis of the GPU as a Service Market:
- The North America GPU as a Service industry is projected to have a market share of more than 32.4% in 2023.
- The United States GPU as a Service industry captured a value share of 21.4% in 2022.
- The Europe market is estimated to grab more than 25.1% of the overall market in 2023.
- The German market attained a market share of 10.4% in 2022.
- The United Kingdom GPU as a Service industry proceeded at a CAGR of 29.1% over the forecast period.
- The Japan GPU as a Service industry captured a 3.4% CAGR over the forecast period.
- The Australian market acquired a value share of 2.9% in 2022.
- The Indian GPU as a Service industry is projected to expand at a robust pace of 42.3% from 2023 to 2033.
- The Chinese GPU as a Service industry is projected to expand at a CAGR of 38.2% over the forecast period.
- Under the category of GPU as a Service software, the segment obtained a value share of 20.5% in 2022.
- Based on the service model, SaaS GPU as a Service model gained a 43.3% market share in 2022.
Market News: Updates about Market Progress
- Nvidia revealed that it is partnering with technical biggies like Google Cloud, Oracle Cloud, and Microsoft Azure, among others, in March 2023. With this collaboration, AI supercomputer is projected to be available as a cloud service. The company’s new offering is known as Nvidia DGX Cloud, and its subscribers or users can directly approach its AI supercomputers.
- Intel revealed in October 2022 the debut of data center GPUs that are particularly designed to perform as a power source for cloud computing on the basis of Android systems. The company introduced Intel Arc 770, sold at US$ 329, and a data center for gaming computers coming in the mid-range.
- Nvidia introduced the release of Omniverse cloud services across 100 nations in September 2022.
GPU as a Service Market: Key Players
- IBM Corporation
- Microsoft Corporation
- NVIDIA Corporation
- Intel Corporation
- Qualcomm Incorporated
- Fujitsu Ltd.
- ARM Holdings PLC
- Samsung Electronics Co., Ltd.
- Taiwan Semiconductor Manufacturing Company Ltd.
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GPU as a Service Industry Segmentation:
By Product:
- GPU as a Service Software
- CAD/CAM
- Simulation
- Imaging
- Digital Video
- Modeling & Automation
- Others
- GPU as a Service
- Managed Service
- Updates & Maintenance
- Compliance & Security
- Others
By Service Model:
- SaaS
- PaaS
- IaaS
By Delivery Model:
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Application:
- Gaming
- Design & Manufacturing
- Automotive
- Real Estate
- Healthcare
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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