GPUaaS market revenue will reach $ 15 billion by 2027; Global market
Selbyville, Delaware, December 13, 2021 (GLOBE NEWSWIRE) –
The revenue of the GPUaaS market is expected to register a valuation of USD 15 billion by 2027, according to the most recent study from Global Market Insights Inc. The increasing adoption of IIoT in various sectors such as manufacturing, automotive, consumer goods and others is causing the growth of the industry to proliferate.
Growing demand for cloud-based applications such as graphic design, image processing, and 3D visualization among others is driving the growth of the GPUaaS market. Various GPU vendor companies offer a subscription pricing model for running graphics applications through web browsers. Major players provide services using SaaS, PaaS and IaaS models for the design and development of advanced and innovative products. In addition, government support initiatives for the development of smart cities and the acceleration of digitization in all countries offer significant growth opportunities to the market.
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The managed services segment is expected to hold a market share of over 45% in 2027 due to the increasing adoption of cloud computing and AI technology in various enterprises. Various companies are adopting cloud-based managed services for remote monitoring, IT infrastructure management, etc. Organizations rely heavily on managed services for the efficient maintenance of their business infrastructure. Cloud-based managed services have several advantages, such as transparent management, improved security, scalability and reliability, etc.
The segment of the PaaS model is expected to grow exponentially through 2027 due to the increasing adoption of PaaS solutions by SMBs and large enterprises due to its advanced functionality. Currently, commercial enterprises are increasingly focusing on reducing capital expenditure and improving the operational efficiency of their business, which can be easily achieved by adopting the PaaS model. The PaaS model includes several key features such as pay-as-you-go, high efficiency, scalability, and others.
The private delivery models segment is expected to register gains at a 40% CAGR between 2021 and 2027 due to the growing adoption of the PaaS model and the growing attention to streamline application management. Various companies are widely adopting private delivery models to reduce business and technical risk, thereby efficiently running their business operations and minimizing infrastructure complexities. A private delivery model has several advantages, such as faster time to market, increased agility, lower costs, etc.
The design and manufacturing application should be consistent GPUaaS market share during the forecast period due to the increasing development of advanced and integrated products. Manufacturing companies are increasingly using high-performance GPUaaS solutions to develop and design advanced and integrated 3D models to attract customers. In addition, the changing consumer preferences towards animated and HD films creates many opportunities for market growth.
Europe is expected to experience substantial increase in market revenue during the forecast period due to the increasing adoption of cloud computing technology in the gaming industry. Major GPUaaS players are expanding their product offering in the region, fueling the growth of the market. For example, in September 2021, ZYBRE expanded its regional presence in the UK with the launch of SOGEA and Openreach. The company is also launching a cloud gaming platform, which will be free to subscribers on their broadband services.
Companies operating in the market are focused on developing advanced cloud-based gaming platforms. For example, in September 2020, Microsoft released Xbox Game Pass Ultimate, a cloud-based gaming platform. It offers many options to over 100 million Xbox Pass members. It is a new generation gaming platform specifically based on cloud computing technology and accessible through multiple terminals.
Here are some of the key findings of the GPUaaS Market report:
- The growing demand for crypto mining and cloud gaming has positively reshaped the market.
- Increased investment in AI and deep learning applications is expected to support the market growth.
- The European GPUaaS market is driven by the increasing adoption of advanced technologies for product design and development.
- The major players operating in the industry are Advanced Micro Devices Inc., Autodesk Inc., Amazon Web Services (AWS), Cogeco Communications Inc., Dassault Systems Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Nimbix Inc. and Nvidia Corporation.
- Companies operating in the market are focused on developing custom products for crypto miners.
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Partial chapters of the report table of contents (TOC):
Chapter 3 GPUaaS Industry Overview
3.2 Industry segmentation
3.3 Impact of the COVID-19 epidemic
3.3.1 Global Outlook
3.3.2 By region
188.8.131.52 North America
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
3.3.3 Industry value chain
18.104.22.168 Raw material suppliers
22.214.171.124 Component suppliers
126.96.36.199 Technology providers
188.8.131.52 System integrators
184.108.40.206 Service providers
220.127.116.11 Marketing and distribution channels
3.3.4 Competitive landscape
18.104.22.168 Distribution network
22.214.171.124 Business growth
3.4 Industry Ecosystem Analysis
3.4.1 Raw material suppliers
3.4.2 Original Equipment Manufacturer (OEM
3.4.3 On-board system
3.4.4 Technology providers
3.4.5 System integrators
3.4.6 Service providers
3.4.7 Profit Margin Analysis
3.4.8 Matrix of suppliers
3.5 Impact of cryptocurrency on the GPU market
3.6 Impact of cloud gaming on the GPUaaS market
3.7 Industry Architecture Analysis
3.8 Technology and innovation landscape
3.8.1 Impact of IoT
3.8.2 Non-photorealistic rendering
3.8.3 AI, deep learning and machine learning
3.9 Regulatory landscape
126.96.36.199 PCI DSS
188.8.131.52 CSA Security, Trust and Assurance (STAR) Registry
184.108.40.206 ISO 14001
3.9.2 North America
220.127.116.11 Declaration on auditing standards 70 (SAS)
18.104.22.168 CLOUD Act
22.214.171.124 California Consumer Privacy Act
126.96.36.199 Personal Information Protection and Electronic Documents Act (PIPEDA)
188.8.131.52 Restriction of hazardous substances (RoHS)
184.108.40.206 European General Data Protection Regulation (GDPR)
220.127.116.11 Network and Information Systems Security Directive (the NIS Directive)
18.104.22.168 European Law on Artificial Intelligence
22.214.171.124 Multilevel Cloud Security Standard (MTCS)
126.96.36.199 Personal Information Protection Act (Law No. 14839) (âPIPAâ)
188.8.131.52 Cyber ââSecurity Law of the People’s Republic of China
3.9.5 Latin America
184.108.40.206 The Argentine law on the protection of personal data
220.127.116.11 Brazilian General Data Protection Law
18.104.22.168 Chile Law No.
22.214.171.124 National data and cloud policy
126.96.36.199 Cloud Computing Regulatory Framework (CCRF)
188.8.131.52 Data Protection Law
3.10 Industry impact forces
3.10.1 Growth drivers
184.108.40.206 Increased emphasis on R&D in the game and design industries
220.127.116.11 Demand from cryptocurrency miners
18.104.22.168 Rising demand for smart TVs and smartwatches in Asia-Pacific
22.214.171.124 Migrating data from the on-premises delivery model to the cloud
3.10.2 Pitfalls and challenges of the industry
126.96.36.199 Growing Complexities and Dynamic Nature of IT Architecture
188.8.131.52 Rapid change in technology
184.108.40.206 Lack of knowledge
220.127.116.11 Growing preference for portable devices over computing devices
3.11 Analysis of growth potential
3.12 Porter’s analysis
3.13 PESTEL analysis
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services; offering syndicated and personalized research reports as well as growth consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed through a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.