The Latin America, Middle East and Africa GPU as a Service Market would witness market growth of 41.8% CAGR during the forecast period (2023-2030).
Over the course of the last few years, there has been a rise in the demand for high-end PCs as well as gaming console accessories. As a result, micro-processing companies can benefit from investing in a graphics add-in board, as GPU is an essential part of the finished product.
The widespread use of computing devices, including laptops and personal computers (PCs), and rising investment in the video game sector have been significant growth drivers for the market. The rapid development of technologies like AI, the trend of real-time analysis, and the rising need for high graphics and computing applications are the primary factors driving GPU technology over the projection period. Additionally, manufacturing GPUs, especially the standalone GPU chip, is more expensive and demands advanced technology. Despite the cost-effectiveness of the raw materials, building the manufacturing and testing labs requires significant initial capital from companies.
Many automakers have begun integrating cutting-edge automotive safety technologies like advanced driving aid systems into their vehicles to meet regulatory standards for occupant and vehicle safety. When buying a vehicle, consumers have also been seen to prioritize safety features more.
Saudi Arabia is responsible for 60% of the Gulf Cooperation Council (GCC) nations’ healthcare spending, and the Saudi Arabian government continues to prioritize this industry, according to the International Trade Administration. Its healthcare budget for 2022 was $36.8 billion. In the healthcare industry, the usage of GPUaaS is in fields like medical imaging, disease diagnostics, drug development, and personalized medicine is highly advantageous. Therefore, it is estimated that this market is projected to grow due to rising healthcare expenses.
The Brazil market dominated the LAMEA 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 $383.7 million by 2030. The Argentina market is anticipated to grow at a CAGR of 42.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 41.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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