GPU as a Service (GPUaaS) Market Latest Trends, Future Development and Forecast by 2030

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GPU as a Service (GPUaaS) Market Latest Trends,
Future Development and Forecast by 2030
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• Industry Insights

• The GPU as a Service (GPUaaS) Market is
  anticipated to grow at a significant rate through
  2030 owing to rising adoption of advanced AI
  technology. Additionally, the advent of novel
  technologies is set to further bolster industry
  growth over the forecast period.
• Recently, industry players have been investing in
  product development and innovation, which has
  been favorable for the product scenario of the
  market. For instance, in April 2022, Fungible
  Inc., a Silicon Valley company, introduced
  Fungible GPU-Connect (FGC), a novel solution
  designed to revolutionize the assessment of data
  processing capacity and address challenges
  arising as a result of prevalent application of
  AI/ML technology, mainly in Edge data centers
  with under-utilized and stranded GPUs.
• Based on product, the industry has been divided
  into software and service. Under software, the
  market has been segmented into CAD/CAM,
  simulation, imaging, digital video, and modeling
  and animation. The simulation segment is slated
  to record a CAGR of around 41.3 through 2030 due
  to growing use of cutting-edge technologies like
  virtual reality (VR), augmented reality (AR), and
  3D printing.

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• Based on product, the industry has been divided
  into software and service. Under software, the
  market has been segmented into CAD/CAM,
  simulation, imaging, digital video, and modeling
  and animation. The simulation segment is slated
  to record a CAGR of around 41.3 through 2030 due
  to growing use of cutting-edge technologies like
  virtual reality (VR), augmented reality (AR), and
  3D printing.
• Under service, the GPU as a Service market has
  been segregated into updates and maintenance,
  managed services, and compliance and security.
  The updates and maintenance segment garnered
  roughly 22.43 market share in 2021 as companies
  operating in the GPUaaS market are focusing on
  regularly updating their product portfolios with
  the latest improvements.
• On the basis of application, the GPU as a Service
  market has been divided into automotive, gaming,
  design and manufacturing, healthcare, and real
  estate. Real estate is slated to grow at above
  38.1 CAGR from 2022 to 2030 backed by the advent
  of new technologies in the real estate sector,
  such as drones and AR.
• In 2021, the healthcare segment accounted for a
  market share of roughly 12.89 on account of
  extensive use of GPUs for visualizing data for
  real-time analysis across healthcare
  applications.

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• Regional Analysis

• The Latin America GPU as a Service industry is
  estimated to showcase a CAGR of around 43.3
  through the forecast period owing to soaring
  investment in cloud technology, along with
  increasing awareness related to the benefits of
  cloud computing in the LATAM region.
• On the other hand, the Middle East Africa GPU
  as a Service market exceeded a valuation of
  56.01 million in 2021 supported by growing
  number of real estate and construction projects
  in MEA, particularly in the UAE, Qatar, and Saudi
  Arabia.

• Competitive Analysis

• Some of the notable compressed GPU as a Service
  market players include Advanced Micro Devices,
  Inc., Alibaba Cloud, Amazon Web Services, Inc.
  (AWS), Autodesk, Inc., Dassault Systems, Inc.,
  dinCloud, FluidStack, Ltd., Google LLC, IBM
  Corporation, Intel Corporation

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