DUBLIN--(BUSINESS WIRE)--The "GPU Database Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component, Deployment, by Application, Industrial Vertical" report has been added to ResearchAndMarkets.com's offering.
The GPU database market size was valued at US$ 1,112.11 million by 2028 from US$ US$ 388.81 million in 2022. It is expected to grow at a CAGR of 19.1% during 2021-2028.
Strong ecosystem support, increased customer adoption, and a faster journey from research to production are prominent trends accelerating the demand for the GPU database market across various enterprises. The adoption of GPU is increasing faster, exceeding the data growth rate; hence, it promises to deliver next-generation platforms for accelerating analytics. It provides accelerated databases with significant benefits compared to mainstream databases, generally regarding repetitive queries on massive amounts of data.
The increased adoption of machine learning further accelerates the demand for GPUs, enhancing mathematical computation capability and speeding up computational processes. Thus, increasing adoption is expected to bolster the market over the forecast period.
The demand for GPU databases is increasing in North America due to the faster adoption of advanced technologies in the US, Canada, and Mexico. North America holds the largest market share due to the increasing uptake of GPU-accelerated systems and growing initiatives by industry players to achieve partnerships with leading players by offering analytical processing and data processing solutions.
North American countries hold a potential demand for high-performance computing in various data-intensive industries, which are witnessing healthy uptake of GPU-accelerated tools across industry verticals. For instance, in August 2022, Intel has been hyping up its media delivery and cloud gaming with Flex Series GPUs, which are placed in the cloud data centers for AI inferencing and graphics, such as gaming and video to remote devices. Therefore, the increasing adoption of AI and ML in industries is anticipated to drive the market over the forecast period in North America.
In Asia Pacific, countries are developing at a faster pace due to growth in industrialization and integration of advanced technologies such as AI, ML, and data analytics, which is subsequently augmenting the need for GPU-accelerated solutions. In addition, prominent players in Asia Pacific and emerging economies, such as India and China, have accelerated the demand for GPU database solutions. Furthermore, small and medium enterprises in Asia Pacific have expanded their investments in integrating GPU databases owing to the rise in high-performance computing applications in various data-intensive industries. Hence, such factors are increasing the regional GPU database market share.
Market Segmentation
- Based on the GPU database market report, the GPU database market is segmented based on component, deployment, application, industry vertical, and geography.
- Based on components, the GPU database market GPU is bifurcated into tools and Services. In terms of deployment, the GPU database market is segmented into on-premises and cloud-based.
- Based on application, the GPU database market is segmented into fraud detection & prevention, governance risk & compliance (GRC), customer experience management, predictive maintenance, supply chain management, threat intelligence, and others.
- Based on industry vertical, the GPU database market is segmented into BFSI, IT & telecom, retail & e-commerce, healthcare, transportation & logistics, government & defense, and others.
- Based on geography, the GPU database market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and the Rest of Europe), and Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of APAC), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of MEA), and South America and Central America (Brazil, Argentina, and the Rest of SAM).
Market Dynamics
Market Drivers
- Significant Rise in Data Generation in BFSI, Media, and Entertainment Sectors
- Availability of Open Source Solutions and Growing Applications Areas
- Regulations Creating Demand for Solutions Providing Performance-at-Scale
Key Market Restraints
- High dominance of CPU's over the GPU
- Limited Capabilities of Available GPU Databases to Perform Crucial Operations in Analytics Use Cases
Key Market Opportunities
- The increasing preference of enterprises toward AI and machine learning facilitated workloads
- Growing Demand for High-Performance Computing in Various Data-Intensive Industries
Trends
- Strong Ecosystem support and increase in customer adoption
- GPU-Accelerated Computing Would Continue to Enhance Machine Learning and Deep Learning Use-Cases
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. GPU Database Market Landscape
5. GPU Database Market - Key Market Dynamics
6. GPU Database - Global Market Analysis
7. GPU Database Market Analysis - By Component
8. Global GPU Database Market Analysis - By Deployment
9. Global GPU Database Market Analysis - By Application
10. GPU Database Market Analysis - By Industry Vertical
11. GPU Database Market - Geographic Analysis
12. Impact of COVID-19 Pandemic on GPU Database Market
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned
- BRYTLYT
- GRAPHISTRY
- H2O.ai
- Jedox
- Kinetica DB Inc.
- Neo4J, INC.
- SQREAM DB
- ZILLIZ
- NVIDIA CORPORATION
- HEAVY.AI
For more information about this report visit https://www.researchandmarkets.com/r/xmflcx
