Global Graphic Processing Unit Market Size To Worth USD 594.19 Billion by 2032 | CAGR of 31.5%
Category: Semiconductors & ElectronicsGlobal Graphic Processing Unit Market worth $594.19 billion by 2032
According to a research report published by Spherical Insights & Consulting, the Global Graphic Processing Unit Market size is to grow from USD 38.43 billion in 2022 to USD 594.19 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 31.5% during the forecast period.
Get more details on this report -
Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on "Global Graphic Processing Unit Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, and Service), By Deployment Type (On-premises and Cloud), By Application (Gaming, Design and manufacturing, Automotive, Real estate, Healthcare, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032" Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/graphic-processing-unit-market
A Graphics Processing Unit (GPU) is a specialized electronic circuit designed to rapidly manipulate and alter memory to accelerate the creation of images and graphics. GPUs are commonly used in gaming, computer-aided design (CAD), video editing, and scientific applications that require complex calculations. They excel at parallel processing tasks, making them highly efficient for rendering and displaying graphics-intensive content. With their ability to handle large datasets simultaneously, GPUs have also found applications in machine learning and artificial intelligence. Overall, GPUs have revolutionized the computing landscape by providing significant performance boosts in graphics processing and accelerating various computationally intensive tasks.
The hardware segment is expected to grow at a CAGR of around 32.5% during the forecast period
Based on the type of component, the global graphic processing unit market is segmented into hardware, software, and service. The hardware segment is projected to experience substantial growth during the forecast period. This growth is driven by the continuous demand for computing devices, servers, and networking equipment across various industries. Hardware advancements, such as faster processors, increased memory capacity, and enhanced storage solutions, contribute to improved performance and efficiency. The expansion of emerging technologies, including artificial intelligence, Internet of Things (IoT), and edge computing, further fuels the demand for robust hardware infrastructure. Additionally, the need for reliable hardware components in data centers and the growing adoption of cloud services also contribute to the expected growth of the hardware segment.
The automotive segment is expected to grow at a significant CAGR during the forecast period
Based on application, the global graphic processing unit market is segmented into gaming, design and manufacturing, automotive, real estate, healthcare, and others. The automotive application segment is anticipated to witness significant growth during the forecast period. This growth is propelled by the increasing integration of advanced technologies in automobiles, such as infotainment systems, driver assistance features, and autonomous driving capabilities. These technologies rely on powerful GPUs for processing and rendering graphics, analyzing sensor data, and enabling intelligent decision-making. The automotive industry's focus on enhancing user experiences, improving safety, and developing autonomous vehicles creates a strong demand for GPUs. As a result, the automotive application segment is expected to experience substantial growth in the coming years.
Asia-Pacific is predicted to grow at a higher CAGR of 33.4% over the projected period
Get more details on this report -
Based on region, Asia-Pacific is expected to experience significant growth in the forecast period for several reasons. Firstly, the region has a large and growing population, resulting in increased consumer demand for technology products, including graphics processing units. Additionally, rapid industrialization and infrastructure development in countries like China and India create opportunities for expansion in various sectors, including gaming, entertainment, and artificial intelligence. Moreover, the region has a strong manufacturing base and is home to many leading technology companies, fostering innovation and driving the development of advanced GPU technologies. Overall, the combination of a large consumer base, economic growth, and technological advancements positions Asia-Pacific for substantial growth in the GPU market.
Some of the major players in the global graphic processing unit market include Intel Corporation, Advanced Micro Devices Inc., Nvidia Corporation, Imagination Technologies Group, Samsung Electronics Co. Ltd., Arm Limited, EVGA Corporation, SAPPHIRE Technology Limited, Qualcomm Technologies Inc., Dassault Systems, Google LLC, International Business Machines Corporation, Siemens, and Sony Corporation.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global graphic processing unit market based on the below-mentioned segments:
Graphic Processing Unit Market, By Component
- Hardware
- Software
- Service
Graphic Processing Unit Market, By Deployment Type
- On-premises
- Cloud
Graphic Processing Unit Market, By Application
- Gaming
- Design and manufacturing
- Automotive
- Real estate
- Healthcare
- Others
Graphic Processing Unit Market, Regional Analysis
- 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 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.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?