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The GPU as a Service Market is anticipated to grow at a significant rate through 2030 owing to rising adoption of advanced AI technology. Additionally, the advent of novel technologies is set to further bolster industry growth over the forecast period.
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GPU as a Service (GPUaaS) Market Latest Trends, Future Development and Forecast by 2030
Industry Insights • The GPU as a Service (GPUaaS) Market is anticipated to grow at a significant rate through 2030 owing to rising adoption of advanced AI technology. Additionally, the advent of novel technologies is set to further bolster industry growth over the forecast period. • Recently, industry players have been investing in product development and innovation, which has been favorable for the product scenario of the market. For instance, in April 2022, Fungible Inc., a Silicon Valley company, introduced Fungible GPU-Connect (FGC), a novel solution designed to revolutionize the assessment of data processing capacity and address challenges arising as a result of prevalent application of AI/ML technology, mainly in Edge data centers with under-utilized and stranded GPUs. • Based on product, the industry has been divided into software and service. Under software, the market has been segmented into CAD/CAM, simulation, imaging, digital video, and modeling and animation. The simulation segment is slated to record a CAGR of around 41.3% through 2030 due to growing use of cutting-edge technologies like virtual reality (VR), augmented reality (AR), and 3D printing.
Based on product, the industry has been divided into software and service. Under software, the market has been segmented into CAD/CAM, simulation, imaging, digital video, and modeling and animation. The simulation segment is slated to record a CAGR of around 41.3% through 2030 due to growing use of cutting-edge technologies like virtual reality (VR), augmented reality (AR), and 3D printing. • Under service, the GPU as a Service market has been segregated into updates and maintenance, managed services, and compliance and security. The updates and maintenance segment garnered roughly 22.43% market share in 2021 as companies operating in the GPUaaS market are focusing on regularly updating their product portfolios with the latest improvements. • On the basis of application, the GPU as a Service market has been divided into automotive, gaming, design and manufacturing, healthcare, and real estate. Real estate is slated to grow at above 38.1% CAGR from 2022 to 2030 backed by the advent of new technologies in the real estate sector, such as drones and AR. • In 2021, the healthcare segment accounted for a market share of roughly 12.89% on account of extensive use of GPUs for visualizing data for real-time analysis across healthcare applications.
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Regional Analysis • The Latin America GPU as a Service industry is estimated to showcase a CAGR of around 43.3% through the forecast period owing to soaring investment in cloud technology, along with increasing awareness related to the benefits of cloud computing in the LATAM region. • On the other hand, the Middle East & Africa GPU as a Service market exceeded a valuation of $56.01 million in 2021 supported by growing number of real estate and construction projects in MEA, particularly in the UAE, Qatar, and Saudi Arabia. • Competitive Analysis • Some of the notable compressed GPU as a Service market players include Advanced Micro Devices, Inc., Alibaba Cloud, Amazon Web Services, Inc. (AWS), Autodesk, Inc., Dassault Systems, Inc., dinCloud, FluidStack, Ltd., Google LLC, IBM Corporation, Intel Corporation Request for Customization @ https://www.gminsights.com/roc/2143
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