The Graphical Processing Unit (GPU) market is anticipated to grow at a significant CAGR of 35.4% during the forecast period. The market growth is attributed to factors such as the increasing availability of data, the increasing regulatory support, growing investments in R&D activities, growing demand for IoT-based products and services, and competitive advantage among others. For instance,
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• In August 2023, NVIDIA today announced NVIDIA OVX servers featuring the new NVIDIA® L40S GPU, a universal data center processor designed to accelerate compute-intensive, complex applications, including AI training and inference, 3D designs and visualization, video processing, and industrial digitalization with the NVIDIA Omniverse platform. The new GPU powers accelerated computing workloads for generative AI, which is transforming workflows and services across industries, including text, image, and video generation, chatbots, game development, product design, and healthcare.
• In August 2023, NVIDIA and global manufacturers announced NVIDIA RTX workstations designed for development and content creation in the age of generative AI and digitalization. The systems, including those from BOXX, Dell Technologies, HP, and Lenovo, are based on NVIDIA RTX 6000 Ada Generation GPUs and incorporate NVIDIA AI Enterprise and NVIDIA Omniverse Enterprise software. Separately, NVIDIA also released three new desktop workstation Ada Generation GPUs — the NVIDIA RTX 5000, RTX 4500, and RTX 4000 — to deliver AI, graphics, and real-time rendering technology to professionals globally.
• In August 2023, Saudi Arabia and the UAE purchased thousands of Nvidia GPUs to support their development of artificial intelligence (AI) industries. The two countries are investing heavily in AI as part of their economic diversification plans, which aim to reduce their reliance on oil. GPUs are essential for AI development, as they can process large amounts of data quickly and efficiently. The Saudi government has purchased 3,000 of the latest Nvidia H100 GPUs, which are each worth around $40,000. This development will help Nvidia to expand into the Middle East market.
• In August 2023, AMD acquired Mipsology, an AI software company that develops computer vision software. Mipsology's software is used to interpret and respond to visual input, such as photos and videos. It can be deployed in a variety of applications, including autonomous vehicles, robotic manufacturing, and smart retail. The acquisition of Mipsology is a strategic move by AMD to strengthen its position in the AI market. AMD is a leading provider of semiconductor products, including CPUs, GPUs, and FPGAs. The addition of Mipsology's software capabilities will help AMD to offer a more comprehensive AI solution to its customers.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Devices
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Apple Inc., NVIDIA Corporation, Samsung Electronics Co. Ltd., Intel Corporation, and Advanced Micro Devices among others.
Key questions addressed by the report.
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Graphics Processing Unit (GPU) Market Report Segment
By Type
By devices
Global Graphics Processing Unit (GPU) Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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