The North America Graphic Processor Market would witness market growth of 26.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 16,610.9 thousand units, showcasing a growth of 18.1% (2019-2022).
Graphic processing units (GPUs) have emerged as crucial assets due to the quickly changing technological landscape, driving innovation, and transforming economic prospects across various industries. GPUs are specialized hardware devices that accelerate and optimize graphical and visual data processing. The market is growing rapidly because of the extensive usage of machine learning (ML) and artificial intelligence (AI) applications, as well as the high demand for virtual reality (VR), augmented reality (AR), and data visualization experiences. These processors feature multiple cores, each capable of executing tasks simultaneously. This parallel processing capability enables GPUs to efficiently manage large datasets by segmenting them into smaller components that are simultaneously processed.
These elements are integrated seamlessly to generate the final images or videos. As a result, this methodology accelerates the production of complex graphics and true-to-life animations, assuring seamless real-time experiences. This streamlined method enables users to immerse themselves in sophisticated visuals and convincing animations without perceptible delays.
The adoption of GPUs is closely tied to technological advancements, the need for faster and more efficient computation, and the emergence of new applications in various industries. As GPUs evolve and become more capable, their adoption is expected to grow across multiple sectors. GPUs are essential for processing the data from sensors in autonomous vehicles, enabling real-time decision-making.
The U.S. technology industry leads in AI and machine learning research and development. GPUs accelerate AI algorithms, train deep neural networks, and power AI applications in sectors like healthcare, finance, and autonomous vehicles. Prominent cloud service providers, including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud, have extensive U.S. data centers that rely on GPUs to deliver high-performance computing, AI, and graphics-intensive services to clients globally. The U.S. is a global hub for the gaming industry. As a result, the regional market will grow due to the mentioned factors.
The US market dominated the North America Graphic Processor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $66,040.7 million by 2030. The Canada market is experiencing a CAGR of 28.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 27.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Graphic Processor Market is Predict to reach $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
By Component
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Type
By Country
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