January 29, 2020
According to the research report titled ‘GPU as a Service Market Size By Product (Software [Computer-aided Design (CAD)/ Computer-aided Manufacturing (CAM), Simulation, Imaging, Digital Video, Modeling and Animation], Services [Managed Services, Updates & Maintenance, Compliance & Security]), By Application (Gaming, Design and Manufacturing, Automotive, Real-estate, Healthcare), By Service Model (SaaS, IaaS, PaaS), By Delivery Model (Public, Private, Hybrid), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Spain, France, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global GPU as a service market is expected surpass USD 7 billion by the year 2025.
Rapid expansion of cloud gaming and crypto mining industries are major factors driving the GPU as a service market growth. There has been an upsurge in number of data centers for providing data storage and predictive analytics solutions to various enterprises. This factor along with growing demand for image processing, graphic designing, and video editing applications are further aiding the market expansion. Several GPU and cloud service providers are offering pay-per-subscription pricing models in order to run high-end graphic applications via web browsers, thereby stimulating the industry outlook.
Based on the delivery model, the public cloud segment held the largest share in GPU as a service market in the year 2018 and is expected to register substantial growth during the forecast period. Public cloud services offer high level of efficiency as compared to its counterpart. Moreover, this type of deployment model offers scalability, reliability, low maintenance and low cost properties, which in turn is contributing towards popularity of the delivery model across the globe.
Considering the geographical landscape, the GPU as a service industry in Asia-Pacific is presumed to grow with a CAGR of 40% during 2019-2025. Favorable government initiatives supporting the development of manufacturing and designing industries are facilitating the business scenario in Asia-Pacific region. Additionally, growing gaming and smartphone industries, rising per capita income, and increasing internet penetration are fueling the regional demand for GPU as a service.
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The prominent companies operating in the GPU as a service market are s3 Graphics (HTC Corp.), Siemens AG, Scale Matrix Holdings Inc., Qualcomm Technologies Inc., PTC, Penguin Computing Inc., NVIDIA Corp., Nimbix Inc., Microsoft Corp., Intel Corp., IMB Corp., Google Inc., Dassault Systems Inc., Cogeco Communications Inc. (Cogeco Peer 1), Amazon Web Services Inc., Autodesk, and Advanced Micro Devices (AMD) Inc.
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