Global Data Center GPU Market Size to Exceed USD 199.84 Billion By 2033 | CAGR of 30.00%
Category: Information & TechnologyGlobal Data Center GPU Market Size To Exceed USD 199.84 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Data Center GPU Market Size is Expected to Grow from USD 14.50 Billion in 2023 to USD 199.84 Billion by 2033, at a CAGR of 30.00% during the forecast period 2023-2033.
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Browse key industry insights spread across 225 pages with 100 Market data tables and figures & charts from the report on the “Global Data Center GPU Market Size, Share, and COVID-19 Impact Analysis, By Deployment (On-premises and Cloud), By Function (Training and Inference), By End-use (Cloud Service Providers, Enterprises, and Government), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/data-center-gpu-market
The data center GPU market refers to the market for graphics processing units (GPUs), which are used in data centers to speed up various computer activities. These duties include overseeing workloads associated with cloud computing, high-performance computing (HPC), artificial intelligence (AI), machine learning (ML), and large-scale data processing. GPUs are preferred over traditional CPUs in many of these applications because of their greater parallel processing capabilities, which suit them for jobs involving massive datasets and requiring a lot of processing power. The market growth is driven by the growing need for high-performance computing in sectors like gaming, healthcare, and finance, the data center GPU industry is expanding quickly. This expansion is facilitated by the emergence of cloud computing, hybrid cloud, and edge computing, particularly in the fields of virtual reality and cloud gaming. However, the expansion of the market is hampered by the high cost more expensive, and high maintenance.
The on-premises segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
On the basis of deployment, the data center GPU market is categorized into on-premises and cloud. Among these, the on-premises segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the increasing need for high-performance computing (HPC) across industries like defense, healthcare, and finance. Many businesses in these industries prefer on-premise implementation, especially when handling sensitive or proprietary data, to minimize security issues and maintain direct control over their data.
The inference segment held the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of function, the data center GPU market is segmented into training and inference. Among these, the inference segment held the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the growing business requirement for real-time decision-making for live applications. GPUs are ideal for these types of tasks due to their parallel processing capabilities, particularly in edge computing and Internet of Things environments. GPU manufacturers now have the opportunity to create compact, potent chips for real-time data processing.
The cloud service providers segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of end-use, the data center GPU market is divided into cloud service providers, enterprises, and government. Among these, the cloud service providers segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be propagated to the growing need for AI and machine learning-related tasks. Major CSPs like AWS, Microsoft Azure, and Google Cloud are deploying GPU-accelerated services to meet computational demands. Data centers with GPU capability are becoming more and more necessary as more companies move to cloud-based solutions.
North America is projected to hold the largest share of the global data center GPU market over the forecast period.
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North America is projected to hold the largest share of the global data center GPU market over the forecast period. The region's growth is attributed to the key development in these areas, as well as the quick uptake of AI and learning technologies in industries like finance, healthcare, and driverless cars. The area is home to top cloud service providers and IT companies that are at the forefront of GPU development, such as NVIDIA, Amazon, and Google. The necessity for high-performance computing (HPC) in both the public and corporate sectors is driving significant investments in GPU infrastructure.
Asia Pacific is expected to grow at the fastest CAGR of the global data center GPU market during the forecast period. In these regions the emergence of smart cities and 5G technologies in nations like China, Japan, and South Korea. This rise is also being fueled by a greater adoption of AI in industries like manufacturing, retail, and public infrastructure. For the industry in these areas, investments in cutting-edge computational infrastructure and digital transformation present substantial prospects.
Major vendors in the global data center GPU market are IBM, Advanced Micro Devices, Inc., Intel Corporation, NVIDIA Corporation, Google Cloud, Huawei Cloud Computing Technologies Co., Ltd., Qualcomm Technologies, Inc., Micron Technology, Inc., Imagination Technologies, Samsung SDS, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In February 2024, Iris Energy, a leading provider of renewable energy-powered data centers, announced intentions to offer GPU cloud services to AI business Poolside. This collaboration follows the successful conclusion of extensive testing and will include the integration of 248 NVIDIA H100 GPUs to support Poolside's operations.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global data center GPU market based on the below-mentioned segments:
Global Data Center GPU Market, By Deployment
- On-premises
- Cloud
Global Data Center GPU Market, By Function
- Training
- Inference
Global Data Center GPU Market, By End-use
- Cloud Service Providers
- Enterprises
- Government
Global Data Center GPU Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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