Graphics Processing Unit (GPU) As A Service Market
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How Large Will the Graphics Processing Unit (GPU) As A Service Market Size By 2025?
The market size of Graphics Processing Unit (GPU) as a service has witnessed a substantial surge in the last few years. It is expected to rise from $4.55 billion in 2024 to $5.80 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 27.6%. Several factors contribute to the growth in this historical period, including an increased usage of cloud computing, a surge in demand for applications requiring large data, a rise in the deployment of virtualization technologies, and a growing preference towards cost-effective computing resources, along with an increased usage of online gaming platforms.
How Big Is the Graphics Processing Unit (GPU) As A Service Market Size Expected to Grow by 2029?
The market for Graphics Processing Unit (GPU) as a service is projected to experience a significant surge in the upcoming years, reaching $15.22 billion by 2029 with a CAGR of 27.3%. Factors contributing to this growth during the predicted period include heightened demand for edge computing solutions, larger needs for real-time data processing, an increasing utilization of self-governing systems, a wider acceptance of smart city infrastructures, and an increased focus on sustainable and energy-efficient computing. The key trends expected during the forecast period involves the escalated use of hardware-software co-optimization, rising implementation of cutting-edge memory technologies, quickening integration of multi-GPU frameworks, growing acceptance of containerized GPU workloads and a rising emphasis on low-latency GPU scheduling.
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Which Key Market Drivers Powering Graphics Processing Unit (GPU) As A Service Market Expansion and Growth?
The boost in security violations is propelling the market owing to improved cybersecurity features.
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Which Fast-Growing Trends Are Poised to Disrupt the Graphics Processing Unit (GPU) As A Service Market?
Major corporations involved in the GPU as a service market are striving to broaden their enterprise-level infrastructure offerings, for example, subscription-based GPU resource provisioning, in a bid to outperform competitors. This strategy enables organizations to take advantage of high-end graphics processing functionalities without the obligation to own or maintain physical hardware. This, in return, caters to expandable AI and high-capacity computer workloads. For example, in September 2024, Lenovo, a tech firm based in China, unveiled its TruScale GPU-as-a-Service product. This service provides access to NVIDIA H100 and L40S GPUs on a fully serviced, pay-per-use basis. It integrates Lenovo Intelligent Computing Orchestration (LiCO) to manage workload scheduling and tracking and furnishes optional power and cooling services to augment on-premises deployments. This introduction caters to the growing need for versatile GPU access in private settings, while also minimizing capital outlay. Nevertheless, the reliance on exclusive orchestration tools could limit compatibility with third-party platforms.
What Are the Emerging Segments in the Graphics Processing Unit (GPU) As A Service Market?
The graphics processing unit (GPU) as a service market covered in this report is segmented
1) By Component: Solution, Services
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Or Multi-cloud
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Artificial Intelligence, High-Performance Computing, Cloud Gaming And Media Rendering, Other Applications
5) By End-User Industry: Banking Financial Services And Insurance (BFSI), Automotive And Mobility, Healthcare And Life Sciences, IT And Communications, Media And Entertainment, Other Industries
Subsegments:
1) By Solution: Software, Platform
2) By Services: Consulting, Deployment And Integration, Support And Maintenance
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Who Are the Global Leaders in the Graphics Processing Unit (GPU) As A Service Market?
Major companies operating in the graphics processing unit (GPU) as a service market are Alphabet Inc., Microsoft Corporation, Alibaba Cloud, Amazon Web Services Inc., International Business Machines Corporation (IBM), Intel Corporation, Oracle Corporation, Hewlett Packard Enterprise Development, NVIDIA Corporation, OVH SAS, Lambda Labs, Coreweave, The Constant Company LLC (Vultr), Linode Llc, Latitude.Sh, Scaleway, Paperspace, Neysa.ai, Seeweb, and Genesis Cloud GmbH.
Which are the Top Profitable Regional Markets for the Graphics Processing Unit (GPU) As A Service Industry?
North America was the largest region in the graphics processing unit (GPU) as a service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in graphics processing unit (GPU) as a service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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