As per the latest report published by Market Research Future (MRFR), the global GPU Database Market Forecast will surpass a valuation of USD 562.3 Mn by the year 2023. The market is expected to exhibit a CAGR of 19.28% during the forecast period (2018-2023). Applications that are coming up require high performance computing capacity, this is having a notable influence on the GPU Database Market Forecast.
GPU is programmable processor that helps in rendering large sized file (images, videos, multi-media content, etc.) Demand for GPU is on the rise owing to its superior functional characteristics. GPU can process large volumes of data at high speeds. Systems that run machine learning, artificial intelligence and big data require GPU assistance. GPU is also being used in resolving issue of parallel processing as they are cost-efficient and more viable as compared other alternative technologies that are available. GPU databases reduces the complexities of processing large volumes of the data that is sourced from business transactions and IoT. The latest versions of GPU database can tackle highly complex queries, which is difficult to achieve with conventional database systems.
Some of the other factors that are expected to influence the global GPU market in the forthcoming years include increased demand for real-time data insights and growing need for cyber security. These two factors will play an important role in propelling the market. With increased potency of cyberattacks, the urgency to make system more robust grows per se.
Key players operation in the GPU Database Market Forecast Kinetica DB Inc. (US), Neo4j, Inc. (US), BlazingDB, Inc. (US), SQream (US), HeteroDB, Inc. (Japan), Nvidia Corporation (US), Zilliz (China), OmniSci, Inc. (US), Jedox AG (Germany), H2O.ai (US), Fuzzy Logix Inc. (US), Blazegraph (US), Graphistry (US), FASTDATA.io (US) and Brytlyt (UK).
MRFR’s report offer a detailed segmental analysis of the market based on component, deployment, vertical and application.
On the basis of component, the market has been segmented into services and tools. The services segment is further segmented into support and maintenance services and consulting services. The tools segment is further bifurcated into GPU-accelerated analytics and GPU-accelerated databases. On the basis of deployment, the market has been segmented into cloud and on-premise.
On the basis of vertical, the market has been segmented into IT and telecommunications, government, retail and ecommerce, aerospace and defense, BFSI, healthcare, transportation and logistics and others.
On the basis of application, the market has been segmented into risk and compliance, governance, threat intelligence, fraud detection and prevention, supply chain management, customer experience management, predictive maintenance and others
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The regions covered in the report include North America, the Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and Latin America. Among these, North America makes the largest contribution to GPU Database Market Forecast in terms of revenue. GPU database in becoming increasingly common among businesses that offer date analysis services. Countries such as the U.S. and Canada represent massive pool of internet savvy consumers, which characterises the increasing volume of unstructured data. In the U.S., Enterprises both medium and large are inclining towards technologies such as machine learning and artificial intelligence, which is creating application opportunities for GPU database. At the same time, North America is home of some of prominent market players such as Kinetica, Omnisci and Nvidia is benefiting the market in the region. In terms of revenue, Europe holds the second position. The market in Europe is expected to witness a reasonable growth over the several years. Meanwhile, in APAC, the market is expected to witness a relatively higher CAGR during the forecast period.
LIST OF TABLES
Table 1 GPU Database Market Forecast, By Region, 2018–2023
Table 2 North America: GPU Database Market Forecast, By Country, 2018–2023
Table 3 Europe: GPU Database Market Forecast, By Country, 2018–2023
Table 4 Asia-Pacific: GPU Database Market Forecast, By Country, 2018–2023
Table 5 Middle East & Africa: GPU Database Market Forecast, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global GPU Database Market Forecast Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global GPU Database Market Forecast
FIGURE 4 Value Chain Of Global GPU Database Market Forecast
FIGURE 5 Share Of Global GPU Database Market Forecast In 2017, By Country (In %)
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