The GPU as a service market is forecast to expand at 40.8% CAGR over the estimated time period, as per FMI’s analysis.
Execution of research and development activities in the gaming sector is projected to augment market growth. In the present era, designers, engineers, and architects need animation and rendering software to efficiently construct complex 3D models, designs, and simulations. Businesses significantly rely on visual material to rope in new clients and generate revenue.
Upgradations in the super-performance processing capacity of GPU solutions and the generation of design vertical are assessed to positively affect the market growth. In addition to this, the flourishing gaming sector is projected to increase the usage of GPUaaS solutions. A survey conducted in 2022 suggested that 16% of Europeans expended more time on gaming to maintain their mental health during lockdowns.
The surge in demand for GPU high-performance computing, as well as the adoption of self-driving cars and other advanced AI applications, is anticipated to drive significant growth in the GPU as a Service (GPUaaS) industry. This growth is fueled by the increasing use of GPUs alongside server CPUs in cloud computing environments to enhance application speed and overall performance. Furthermore, the unique customization options and operational features offered by GPUaaS providers present promising opportunities for further expansion within the market.
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Cloud technology is rapidly getting hold of technical or non-technical industries. The trend is projected to offer a multitude of opportunities for GPUaaS providers. As many organizations are shifting their workloads to the cloud for better performance output and functionality, the adoption of GPUaaS is projected to rise.
In addition, increasing collaborations between GPUaaS providers, cloud providers, software vendors, and hardware vendors are projected to favor the GPU as a Service industry.
Market News: Updates about Market Progress
Nvidia revealed that it is partnering with technical biggies like Google Cloud, Oracle Cloud, and Microsoft Azure, among others, in March 2023. With this collaboration, AI supercomputer is projected to be available as a cloud service. The company’s new offering is known as Nvidia DGX Cloud, and its subscribers or users can directly approach its AI supercomputers.
Intel revealed in October 2022 the debut of data center GPUs that are particularly designed to perform as a power source for cloud computing on the basis of Android systems. The company introduced Intel Arc 770, sold at US$ 329, and a data center for gaming computers coming in the mid-range.
Nvidia introduced the release of Omniverse cloud services across 100 nations in September 2022.
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