The Europe Graphic Processor Market would witness market growth of 26.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 13,375.2 thousand units, showcasing a growth of 18.5% (2019-2022).
GPUs were initially designed to enhance the gaming experience. Still, they have since evolved into indispensable tools for consumer electronics, industrial, automotive, medical, communication, and aerospace & defense, all of which seek to leverage the power of high-performance computing. The medical industry uses GPUs to speed up drug discovery, analyze medical pictures quickly, improve diagnostic accuracy, and advance medical therapies. Moreover, industries such as manufacturing and design reap from GPU-powered simulations, which streamline the development lifecycle of products by reducing prototyping costs and fostering inventiveness.
The gaming industry is a significant driver of the market. Companies like NVIDIA and AMD have been competing to release more powerful GPUs for gaming enthusiasts. High-performance GPUs are essential for delivering realistic graphics and smooth gameplay in modern video games. Data centers use GPUs for various tasks, including deep learning, data analytics, and scientific simulations. Companies are investing heavily in GPU-based solutions to accelerate their data center workloads.
The UK has a robust gaming culture with a passionate community of gamers and game developers. The popularity of gaming has driven the demand for high-performance GPUs to achieve better graphics and smoother gameplay experiences. The indie game development scene in the UK is thriving, with many small studios and independent developers creating innovative and unique games. The UK hosts gaming events and conventions, such as EGX and Insomnia Gaming Festival, which showcase the latest gaming technologies. The graphic processor demand is predicted to increase due to the expanding gaming and IT & telecommunication sectors across the European region.
The Germany market dominated the Europe Graphic Processor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19,443.9 million by 2030. The UK market is exhibiting a CAGR of 25.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 27.3% during (2023 - 2030).
Based on Deployment, the market is segmented into Cloud, and On-premise. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Consumer Electronics, IT & Telecommunication, Healthcare, Media & Entertainment, and Others. Based on Type, the market is segmented into Integrated, Dedicated, and Hybrid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Graphic Processor Market will Hit $327.5 Billion by 2030, at a CAGR of 26.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NVIDIA Corporation, Advanced Micro Devices, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Intel Corporation, Qualcomm Incorporated (Qualcomm Technologies, Inc.), Imagination Technologies Limited, Matrox Electronic Systems Ltd, IBM Corporation, Sony Corporation and VIA Technologies, Inc.
By Deployment
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By Application (Volume, Thousand Units, USD Million, 2019-2030)
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