According to a new report, published by KBV research, The Global Graphic Processor Market size is expected to reach $327.5 billion by 2030, rising at a market growth of 26.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 95,110.6 thousand units, experiencing a growth of 18.8% (2019-2022).
The Cloud segment is leading the Global Graphic Processor Market by Deployment in 2022; thereby, achieving a market value of $203.4 billion by 2030. On-demand cloud-based GPUs have emerged as a notable trend due to the widespread adoption of cloud computing, which has substantially impacted the industry's use of GPUs. The inventive cloud GPU technology introduces a paradigm shift by providing the experience of a high-performance graphics card in the cloud instead of conventional local hardware configurations.
The Services segment is experiencing a CAGR of 28.9% during (2023 - 2030). The services segment includes various products and services that support and improve the use of graphic processors, enabling smooth integration into several applications and sectors. The demand for specialist services that efficiently utilize the capabilities of these processors has increased due to the increasingly complicated and diversified applications of graphics processors across industries, such as gaming, AI, and data analytics.
The Consumer Electronics segment is generating the maximum revenue in the Global Graphic Processor Market by Application in 2022; thereby, achieving a market value of $95.7 billion by 2030. GPUs are indispensable in the consumer electronics industry, providing the foundation for enhanced visual experiences and computational capabilities. Integrated graphic cards are a crucial component of consumer electronics, comprising GPUs that are intricately embedded within devices such as smartphones, tablets, laptops, and smart televisions to provide seamless and optimized graphical performance.
The Hybrid segment is registering a CAGR of 28% during (2023 - 2030). Multiple GPUs can be adequately managed by hybrid graphics technology. This technology is a strategic solution for efficiently administering GPU resources, catering to power-saving and performance-enhancing goals. Depending on the computational requirements for a specific application, these graphic cards dynamically assign resources to integrated or discrete graphics.
The Asia Pacific region dominated the Global Graphic Processor Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $127.9 billion by 2030. The Europe region is poised to grow at a CAGR of 26.3% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 26% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/graphic-processor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
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