About GPU as a Service (GPUaaS)
GPU as a Service (GPUaaS) is a type of cloud computing service that offers users access to a remote graphics processing unit (GPU). This type of service is typically used by businesses and organizations that require high-performance graphics processing for tasks such as 3D rendering, video encoding, and gaming. The growing need for machine learning and artificial intelligence (AI) solutions technologically advanced world is predicted to fuel growth in the global GPU as a service market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 32.4% |
Competition among existing players is due to the GPU as a service market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for GPU as a service market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global GPU as a Service (GPUaaS) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Microsoft Corporation (United States), Amazon Web Services (United States), Arm Holding Plc. (United Kingdom), Fujitsu Ltd. (Japan), HCL Technologies (India), Intel Corporation (United States), NVIDIA Corporation (United States), Oracle Cloud (United States), DigitalOcean (United States), Qualcomm Technologies (United States) and Cogeco Communication Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Advanced Micro Devices (United States), Dassault Systems, Inc. (France) and Others.
Segmentation Overview
AMA Research has segmented the market of Global GPU as a Service (GPUaaS) market by and Region.
On the basis of geography, the market of GPU as a Service (GPUaaS) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the GPU as a Service (GPUaaS) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increasing demand for the advance high performing computing capabilities of GPU solutions. and Increasing adoption of the PaaS model.
Market Growth Drivers:
Rising demand from cryptocurrency miners. and The rapid adoption of the IoT and industrial internet of things.
Challenges:
Limited availability of GPUaaS.
Restraints:
Data privacy and security and Compatibility and integration associated with GPUaaS.
Opportunities:
Expansion of AI and ML application in industries like healthcare, finance and autonomous vehicle. and Technological advancement in GPUaaS.
Market Leaders and their expansionary development strategies
In January 2024, WekaIO, the AI-native data platform company, announced that it is partnering with NexGen Cloud, a sustainable infrastructure-as-a-service provider based in the UK, to provide the high-performance infrastructure foundation underpinning its forthcoming AI Supercloud, as well as the on-demand services offered by Hyperstack, NexGen Cloud’s GPUaaS platform, with a commitment to providing sustainable high performance computing solutions, NexGen cloud has built one of the largest fleets of GPUs in the world, powered entirely by renewable energy sources.
In April 2023, Catalyst Cloud has launched GPU as a service, offering slices of NVIDIA A100 GPU cards to the New Zealand market. The service is targeted at customers wanting to run intensive computational applications in fields such as AI, genomics, large language models, image and video analysis, big data analytics, weather forecasting, speech to speech and text to speech translation.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.