GPU Market Growth During Forecast Period

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GPU Market Size to hit 80bn by 2024
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GPU Market

• The GPU market growth is attributed to a surge in
  the adoption of the IoT in industrial and
  automotive sectors. As the IoT devices gather
  huge amounts of data that needs to be tracked and
  analyzed, the demand for high-end computing
  system increases. This further propels the need
  for GPUs that provide the requisite support for
  analyzing complex datasets in a quick manner.
• For instance, in April 2018, Google announced its
  plans to reinvent the U.S. healthcare industry
  with a focus on AI and data. The company is using
  its expertise in AI to create a new paradigm for
  the detection, diagnosis, and treatment of
  diseases. Bringing AI to healthcare will generate
  the need for graphic systems in image processing
  and rendering.

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Continued

• It is expected that clinical health AI
  applications will create around USD 150 billion
  in annual savings for the U.S. healthcare
  industry by 2026. The increasing popularity of
  AI-based applications will compel GPU
  manufactures to develop new GPUs that run
  intensive machine learning algorithms
  efficiently.
• However, a declining market for cryptocurrency
  will affect the graphic processing unit (GPU)
  Market growth. Miners need high-end computing
  processors to build machines that mine bitcoin.
  As the value of value of cryptocurrency is
  declining, the demand for GPUs has also decreased
  to a greater extent.

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Asia Pacific GPU Market Revenue, By Region, 2017
2024 (USD Million)

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Major Companies GPU Market

• Dassault Systems
• Google
• IBM
• Microsoft
• NVIDIA

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Industry Coverage

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Regional Insights in GPU Market

The Latin America GPU market is expected to
exhibit the fastest growth rate with a CAGR over
35 from 2018 to 2024. The (graphic processing
unit) GPU market growth is attributed to the
profound growth of the gaming industry in
countries including Brazil and Mexico. A rise in
the sales of smartphones, PCs, and tablets is
also fueling the gaming industry growth For
instance, in September 2018, AsusTek expanded its
manufacturing facility in Brazil to cater to
growing consumer demands for dedicated gaming
computers. As the regions gaming industry is
booming, the demand for smartphones and other
gaming devices that use high-speed graphic
processors to maintain peak performance during
playing sessions will increase
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