GPU as a Service Market Analysis

  • Report ID: 4721
  • Published Date: Jun 14, 2024
  • Report Format: PDF, PPT

GPU as a Service Market Analysis

Delivery Model (Public Cloud, Private Cloud, Hybrid Cloud)

The global GPU as a Service (GPUaaS) market is segmented and analyzed for demand and supply by delivery mode into public cloud, private cloud, and hybrid cloud. Out of these segments, the hybrid cloud segment is anticipated to garner the highest revenue by the end of 2036. The use of just one strategy is insufficient for many businesses. Using both public cloud resources from a service provider and on-premises systems, hybrid cloud computing combines both in order to benefit from the security and management of each. Compared to the other industrial segments, more than 79% of IT companies and GCCs are estimated to adopt a hybrid work model. However, a large number of organizations are also planning to implement hybrid clouds over the forecast period. Hence, owing to this, the demand for GUPaaS is estimated to increase. Using the service, hybrid cloud users would be able to smoothly organize and live-migrate AI workloads across virtual servers with GPU acceleration.

Application (Gaming, Automotive, Real Estate, Healthcare)

The global GPU as a Service (GPUaaS) market is also segmented and analyzed for demand and supply by application into gaming, automotive, real estate, and healthcare. Amongst which, the gaming segment is anticipated to have the fastest growth over the forecast period, backed by growing launch of games and a surge in the number of streamers all around the globe. Every setup used by a streamer must have a good graphics card. It guarantees a smooth HD streaming experience that can handle even the most demanding games. Although streaming is largely a CPU-intensive activity, the GPU indirectly affects the overall experience. Although the CPU is the brain of the computer, the GPU increases the CPU's efficiency by doing repetitive work and freeing up memory. The CPU organizes the information and sends it to the streaming services, while the GPU creates a better-quality game image and boosts streaming quality. Hence, the demand for GPUaaS by streamers is increasing. Moreover, owing to growing people preference, a large number of key players are advancing their technology in GPU in order to satisfy the user in gaming sector, is expected to boost the segment’s growth in the market.

Our in-depth analysis of the global market includes the following segments:

          By Component

  • Software
  • Hardware
  • Service

 

          By Delivery Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

           By Application

  • Gaming
  • Automotive
  • Real Estate
  • Healthcare
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 4721
  • Published Date: Jun 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing demand for games, rising government initiatives for smart city development, surge in adoption of cloud-based services, and others.

The market is anticipated to attain a CAGR of 30% over the forecast period, i.e., 2023-2035.

High incurrence cost, lack of awareness regarding technology among people, and lack in performing general purpose computing tasks estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are IBM Corporation, Microsoft Corporation, Nvidia Corporation, Intel Corporation, and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by component, delivery model, application, and by region.

The hybrid cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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