ReleaseWire

GPU Market in Integration & Maintenance Service Segment Is Estimated to Hold a Industry Share of over 35% in 2024

The GPU market growth is attributed to the profound growth of the gaming industry in countries including Brazil and Mexico

Posted: Tuesday, May 28, 2019 at 9:42 AM CDT

Sellbyville, DE -- (SBWire) -- 05/28/2019 --The integration & maintenance service segment in GPU market is expected to hold a market share of over 35% in 2024. Organizations are rapidly using GPUs to accelerate the performance of their computing systems. The use of graphics-intensive applications utilizing AI compels them to ensure that GPU-accelerated containers match the requirements for deep learning software and are embedded properly. Thus, to ensure that their systems are up-to-date and delivering a high performance, the demand for integration & maintenance services increases.

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The gaming application segment is expected to hold a major share of the GPU market accounting for over 34% by 2024. This market growth is attributed to the growing demand for high-resolution games. Tablet and smartphone penetration are fueling the growth of the gaming industry. For instance, according to the ESAC Report 2018, 80% of Canadians view video games as mainstream entertainment. Around 30% of Canadian gamers have purchased a digital download of the full game in the past 6 months. According to the Germany Trade & Invest Report, Issue 2016/2017, in Germany, PCs remained the biggest gaming platforms with 18.4 million active gamers, followed by smartphones (17.2million), consoles (15.6 million), tablets (11.5 million), and handheld devices (8.3 million).

The dedicated GPU market is expected to grow at a CAGR of over 31% from 2018 to 2024 due to the growing demand for these processors as they are more powerful and designed to serve complex graphic processing calculations for applications such as 3D modelling, simulation, and gaming. Proliferation of tablets and gaming PCs will drive the demand for these processors. The built-in graphics technology in these devices helps to deliver unmatched performance and stunning visuals for HDR mobile gaming. The unit shipments of dedicated GPUs are expected to exceed 150,000 thousand units by 2024.

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The rapidly growing adoption for high-precision, graphics-oriented applications in the automobile and healthcare sectors is certain to fuel GPU market growth in the forthcoming years. GPUs have become an essential part of today's mainstream computers and mobile devices and have been characterized by remarkable advancements with respect to performance and capabilities. The product successfully offers added support for analyzing complex datasets in a quick manner and is increasingly gaining traction in almost all consumer electronics straight from laptops, PCs and smartphones to car infotainment systems and latest digital systems.

The Latin America GPU market is expected to exhibit the fastest growth rate with a CAGR over 35% from 2018 to 2024. The GPU market growth is attributed to the profound growth of the gaming industry in countries including Brazil and Mexico. A rise in the sales of smartphones, PCs, and tablets is also fueling the gaming industry growth. For instance, in September 2018, AsusTek expanded its manufacturing facility in Brazil to cater to growing consumer demands for dedicated gaming computers.

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Some of the prominent players operating in the GPU market include Advanced Micro Devices (AMD), Autodesk, Amazon Web Services, Cogeco Communications, Dassault Systems, Google, IBM, Intel, Microsoft, NVIDIA, Nimbix, Penguin Computing, PTC, Qualcomm, ScaleMatrix, Siemens AG, and S3 Graphics.

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