Graphics Processing Units Database Market Analysis

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:

Component	Tools GPU accelerated databases Applications GPU accelerated analytics Services Consulting Support and maintenance
Deployment	On premises Cloud
Application	Governance, Risk, And Compliance Threat Intelligence Customer Experience Management Fraud Detection and Prevention Predictive Maintenance Supply Chain Management Others
Industrial Vertical	Banking Financial Services and Insurance Retail and Ecommerce Healthcare IT and Telecommunications Transportation and logistics Government Aerospace and Defence Others

Frequently Asked Questions (FAQ)

Availability of open-source solutions and their growing applications areas and the regulations creating demand for solutions that provide performance-at-scale are the key factors driving market growth.

The market is anticipated to attain a high CAGR over the forecast period, i.e., 2021-2029.

Lack of adequate data security measures and limited capabilities of available GPU databases to perform crucial operations in analytics use cases are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the early adoption of GPU-accelerated solutions as well as initiatives taken by industry players in the form of partnerships.

The major players dominating the market are Nvidia Corporation, Kinetica DB, Inc. OmniSci, Inc. BlazingSQL, Inc. Jedox SQream DB Fuzzy Logix among others.

Graphics Processing Units Database Market Analysis