GPU Database Market size was valued at USD 461.74 million in 2023 and is likely to reach USD 5.81 billion by the end of 2036, registering around 21.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of GPU database is assessed at USD 541.16 million.
Extensive research associated with graphics processing units database in western countries, along with the availability of open-source solutions and their growing applications areas are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the creastion of regulations on a global level that are expected to create demand for solutions providing superior performance.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
21.5% |
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Base Year Market Size (2023) |
USD 461.74 million |
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Forecast Year Market Size (2036) |
USD 5.81 billion |
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Regional Scope |
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The GPU database market is segmented based on component into tools, applications and services out of which, the tools segment is anticipated to grab the largest share by the end of 2029 on account of availability of open-source solutions and their growing applications areas.
Moreover, the GPU database tools segment is further bifurcated into GPU-accelerated databases and GPU-accelerated analytics. Vendors in the market are offering various GPU-accelerated databases and analytics tools to cater to the various data and analytics requirements of organizations across business lines and applications, which is also projected to contribute to the growth of the segment during the forecast period.
On the basis of application, the customer experience management segment is estimated to hold the largest market share. GPU-accelerated databases with their brute force computing power can ingest vast amount of data related to customers from a variety of sources. The high-performance computing capability is crucial to customer-focused verticals. This is considered to drive growth to the segment in the future.
Based on industry vertical, supply chain management segment is estimated to grow at the highest CAGR during the forecast period. The GPU databases can provide a significant advantage to enterprises by facilitating their supply chain operations and enabling them to optimize it by providing real-time, location-based insights in the entire supply chain.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Deployment |
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Application |
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Industrial Vertical |
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Geographically, the GPU database market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in North America industry is estimated to account for largest revenue share by 2036, owing to early adoption of GPU-accelerated solutions as well as initiatives taken by industry players in the form of partnerships with technology players to offer rapid analytics and data processing solutions.The U.S. and Canada are 2 prominent markets in North America, which are witnessing healthy adoption of such GPU- accelerated tools across industry verticals. Moreover, presence of leading market players is boosting the growth of market in this region. Moreover, Asia Pacific, followed by North America, is expected to grow at the highest CAGR during the forecast period owing to the adoption of emerging technologies including big data in the region.
Author Credits: Abhishek Verma
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