GPU as a Service Market Size

GPU As A Service (GPUaaS) Market size was valued at USD 3.41 Billion in 2023 and is expected to exceed USD 76.02 Billion by the end of 2036, expanding at over 27% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of gpu as a service is evaluated at USD 4.3 Billion.The growth of the segment can be attributed to growing adoption of autonomous cars by a large number of people. It is expected that between 2019 and 2024, there will be an increase in the number of autonomous vehicles with at least Level 1 autonomy (driver assistance). Globally, there were reportedly about 30 million autonomous vehicles in 2019, and this figure is expected to rise to approximately 50 million by 2024.

The processing demands of ADAS and autonomous vehicle technologies are entirely within the capabilities of the GPU, particularly in the areas of parallel signal processing and image analysis. The GPU is tipped to become the workhorse of the autonomous vehicle, since it could provide the computing skills that would allow future automobiles to grow increasingly aware of and reactive to their surroundings so they're able to operate dependably, efficiently, and safely. Hence, owing to the growing number of road accidents, it is estimated that the demand for autonomous vehicles would increase, further boosting the market growth. However, as ADAS platforms demand higher levels of performance, larger and more potent GPUs would be needed. Therefore, manufacturers are focusing more on advancing their GPU in order to satisfy a growing need, which would also boost the market growth.