The Asia Pacific GPU as a Service Market would witness market growth of 36.2% CAGR during the forecast period (2023-2030).
A GPU is an electronic circuit created to quickly access, modify, and create memory to accelerate the creation of images in a frame buffer intended for output to a display device. As a service sector, it contributes to the quicker delivery of improved visuals with optical effects, smooth motion, and intricate shapes. It is gaining traction due to the rise in hardware-based deep learning, speech recognition, data mining, and real-time information use cases. These applications benefit from scaling to GPU server clusters with network interconnects and then to multi-GPU systems. Furthermore, the market is expanding due to the rising demand for multi-GPU servers.
Almost all computing devices sold worldwide include a graphics processing unit, a programmable logic processor for producing images, animations, and movies, and for normal computing needs. The demand for improvement in GPU technology is also driven by deployment in personal computers, laptops, and upcoming applications like AR/VR, high-performance computing, AI, ML, blockchain, cryptocurrency mining, autonomous driving, and navigation (vehicles, robotics).
India’s banking sector has historically been one of the most stable in the world. With many efforts designed to bring the nation’s unbanked population into the banking spectrum, the government has continually worked to promote financial inclusion. The constant growth due to the government’s high involvement, combined with the increasingly mobile and remote service provided by the banking sector, is anticipated to surge the adoption of the GPU-accelerated techniques for machine learning that can be used to accelerate speed data processing and fraud detection. Thus, this market is estimated to grow in the region.
The China market dominated the Asia Pacific GPU as a Service Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.6 billion by 2030. The Japan market is poised to grow at a CAGR of 35.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 37% during (2023 - 2030).
Based on Enterprise Type, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into Private, Public, and Hybrid. Based on Application, the market is segmented into Telecom & IT, Manufacturing, BFSI, Healthcare, Automotive and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide GPU as a Service Market is Projected to reach USD 22.4 Billion by 2030, at a CAGR of 34.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet Inc.), IBM Corporation, Alibaba Cloud (Alibaba Group Holding Limited), Lambda Inc., Hewlett Packard Enterprise Company (HP Development Company L.P.), Linode LLC (Akamai Technologies, Inc.), CoreWeave, Inc., Vultr (The Constant Company, LLC), and OVH Groupe S.A
By Enterprise Type
By Deployment Type
By Application
By Country
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