IMARC Group’s latest research report, titled “Graphic Processing Unit (GPU) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the global graphic processing unit (GPU) market size reached US$ 53.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 370.7 Billion by 2032, exhibiting a growth rate (CAGR) of 23.17% during 2024-2032.
Graphic Processing Unit (GPU) Market Trends:
The global market is primarily driven by the increasing demand for high-performance gaming and immersive experiences. Similarly, the rapid growth of the artificial intelligence (AI) and machine learning (ML) sectors necessitates powerful GPUs for efficient data processing and algorithm training, thereby impelling the market. In accordance with this, the expansion of the virtual reality (VR) and augmented reality (AR) markets drives the need for GPUs that can support complex graphical computations, is resulting in a higher product uptake.
Furthermore, continual advancements in technology, including increased processing power and energy efficiency, attract a broad range of consumers and industries, providing an impetus to the market. Besides this, the proliferation of 4K and higher resolution displays in both consumer and professional settings is enhancing the market demand.
Sample Copy of Report at – https://www.imarcgroup.com/graphic-processing-unit-market/requestsample
Leading Key Players Operating in the Graphic Processing Unit (GPU) Industry:
- Advanced Micro Devices Inc
- Arm Limted (Soft Bank Group)
- Imagination Technologies Ltd
- Intel Corporation
- Nvidia Corporation
- Qualcomm Technologies Inc
- Sapphire Technology Limited
Graphic Processing Unit (GPU) Market Growth Analysis:
The scope of the market is expanding as technological advancements and diverse applications drive its growth. The market scope is experiencing substantial growth, characterized by the continuous innovation and introduction of GPUs with enhanced capabilities and efficiency. Moreover, the growing popularity of cryptocurrency mining, which requires powerful GPUs for efficient processing, contributing to expansion in the market. Market analysis indicates robust performance, driven by strategic investments in research and development by leading GPU manufacturers.
Additionally, the market scope benefits from the increasing penetration in emerging sectors such as healthcare, where they are used for medical imaging and diagnostics. According to market analysis, the rising adoption of cloud computing and data centers, which rely on GPUs for optimized performance, is fueling growth in the market. Furthermore, the expansion of gaming and entertainment industries, coupled with the rising trend of e-sports, continues to drive demand for high-quality GPUs.
Do you know more information, Contact to our analyst at- https://www.imarcgroup.com/graphic-processing-unit-market
Key Market Segmentation:
Type Insights:
- Discreet GPUs
- Integrated GPUs
Devices Insights:
- Computer
- Tablet
- Smartphone
- Gaming Consoles
- Television
- Others
Industry Insights:
- Electronics
- IT and Telecommunication
- Defense and Intelligence
- Media and Entertainment
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145