GPU as a Service (GPUaaS) Market is anticipated to grow further up to USD 28.9 billion by 2031

The global GPU as a Service (GPUaaS) Market was valued at USD 2.3 billion in 2021 and it is anticipated to grow up to USD 28.9 billion by 2031, at a CAGR of 28.8% during the forecast period.

New York, According to a new market research report published by Global Insight Services “GPU as a Service (GPUaaS) Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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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. GPUaaS providers typically offer two types of services: on-demand and subscription. On-demand services allow users to pay for GPU time on an hourly basis, while subscription services offer access to a GPU for a set period of time, usually on a monthly or yearly basis.

Market Trends and Drivers

Rising demand from cryptocurrency miners

Growing crypto mining across various regions will enhance the business expansion. The expanding real estate sector creates the need for 3D rendering & architectural design services. 3D animated designs of the infrastructure to attract investors and customers are one of the major factors boosting GPUaaS market growth. Furthermore, the increasing need for environmental modeling, molecular, and biotechnological analysis using data analysis & predictive analysis is also supporting the industry expansion.

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Market Restraints and Challenges

GPU as a Service (GPUaaS) is a cloud-based service that provides access to GPUs for computation and rendering purposes. It is a relatively new service and as such, there are a few key restraints and challenges that need to be considered. The first challenge is the cost ofGPUs. GPUs are still relatively expensive compared to other types of computing hardware and this can make GPUaaS quite costly. Additionally, the cost of electricity to run the GPUs also needs to be considered. Another challenge is the availability of GPUs. Due to their high cost, GPUs are still quite rare and this can limit the availability of GPUaaS. Finally, the biggest challenge is the lack of standardization. There is no one standard way to provide GPUaaS and this can make it difficult to find a provider that offers the service in the way that consumer need it.

Major Players in the Global GPU as a Service (GPUaaS) Market

The key players in the GPU as a Service (GPUaaS) Market  IBM Corporation, Microsoft Corporation, NVIDIA Corporation, Intel Corporation, Qualcomm Incorporated, Fujitsu Ltd., ARM Holdings PLC, Samsung Electronics Co., Ltd., Taiwan Semiconductor Manufacturing Company Ltd., and Imagination Technologies Ltd.. among others.

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Reasons to buy GPU as a Service (GPUaaS) Market Report:

• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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