GPU as a Service Market Share

North American Market Forecast   

The North American GPU as a Service (GPUaaS) market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, backed by growing adoption of technologies including AI, and IoT, along with a growing gaming industry. It is anticipated to be a total of about 4 billion Internet of Things (IoT) connections overall in North America by 2025. In North America, there were approximately 1 billion Internet of Things connections in 2019. Moreover, the key players in this region are manufacturing various advanced technology products, including IoT devices, AI chipsets, and more, which is also estimated to boost the growth of the market in this region. Also, a large number of organizations in this region are estimated to adopt a public cloud model, which is also driving the demand for GPUaaS. Moreover, North America would rule the GPUaaS market throughout the projection period owing to significant investments made in the technology by businesses that operate in the U.S. market.

Europe Market Forecast

The European GPU as a Service (GPUaaS) market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market in this region can be attributed to the high need for hardware performance among professional users, including engineers and CAD designers. Additionally, Europe is a global leader in intelligent robotics and technology that would create brand-new, intricate manufacturing supply and production networks. Also, the adoption of cloud-based GPU computing is higher in this region, which is also estimated to boost the market growth in this region. Further, an increase in the demand for Customer Relationship Management (CRM) software is another factor driving the adoption of the SaaS model in the cloud computing market. Given the inexpensive subscription costs and hardware, SaaS has become an affordable option for small and medium-sized organizations with limited financial resources. Moreover, companies in this region are focusing on more on launching cloud-based games, which are also estimated to boost the growth of the market in this region.