Graphics Processing Units Database Market Trends

Growth Drivers

Massive data generation across BFSI, retail, and media and entertainment industries to drive the adoption of GPU-accelerated tools
Availability of open-source solutions and their growing applications areas

Challenges

Lack of adequate data security measures
Limited capabilities of available GPU databases to perform crucial operations in analytics use cases

GPU Database Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	21.5%
Base Year Market Size (2023)	USD 461.74 million
Forecast Year Market Size (2036)	USD 5.81 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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 Trends