Latest Research on GPU Database Market Size, By Component, Region and New Business Opportunities and Investment Research Report 2028
Apr 15, 2021
The global GPU database market size is projected to reach nearly USD 1,484.1 Million by 2028. Besides, it is projected to gather a CAGR of above 21% over the forecast years 2021-2028.
Dallas, United States - April 15, 2021 /MarketersMedia/ —
GPU database unlike CPU performs several database operations by utilizing graphical processing unit. As compared to their competitive half these processing units are much faster and offer flexibility in performing larger processing volumes and quantity of data. The GPU database market is expected to grow considerably due the increasing demand for high-performance computing system. With the competitive advantage of open source solutions, the landscape of the GPU database market is expected to strengthen. Owing to the factors such as extensive data generation key to diverse range of industry segments comprising of BFSI, entertainment and retail industries along with significant need for GPU database solutions expressed by IT and Telecom, Government and defense and Healthcare sector.
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The major players of the global GPU database market are Kinetica, OmniSci, SQream, Neo4j, NVIDIA, Brytlyt, Blazegraph, BlazingDB, Zilliz, and Jedox. Moreover, the other prospective players in the GPU database market are HeteroDB, H2O.ai, FASTDATA.io, Fuzzy Logix, and Anaconda.
Based on the components, the GPU database can be segmented into tools and services wherein the tools segment finds further categorization as GPU accelerated database and GPU accelerated activities. The services offered by the GPU database market includes both on-premise and cloud mode of deployment. The popularity gained by the global GPU database market is attributed to the wide range of applications it provides such as fraud detection and prevention, risk, governance and compliance (GRC), predictive maintenance, customer experience management, threat intelligence, supply chain management and others.
Transportation and logistics coupled with e-commerce are also two significant end-user industries significantly requiring GPU database services and tools. Five major regions with prominent contribution to the global GPU database market include Europe, Asia Pacific, North America, Latin America and Middle East and Africa. The highest global GPU database market share is allocated to the regions of North America with extensive software market and growing adoption of the GPU accelerated tools along with eminent contributions of the leading players of the GPU database market in the form of mergers and collaborations, initiatives in the form of partnerships.
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In addition, the extensive incorporation of technological advancements offered by the leading companies invested in technology offering rapid analytics and data processing solutions is expected to escalate the GPU database market exponentially during the forecast period. the U.S. portrays maximum prevalence of GPU database vendors with rising consumer awareness of these solutions will be responsible for the region accomplishing large market share. Along with this, the GPU database market in regions of Asia Pacific expresses lucrative growth in a span of few years due to excessive use of supercomputers made in weather forecasting and implementation and adoption of technologies in banking sectors in emerging economies like China and India.
Segment Overview of Global GPU Database Market
Component Overview, 2018-2028 (USD Million)
• Tools
o GPU-Accelerated Databases
o GPU-Accelerated Analytics
• Services
Deployment Overview, 2018-2028 (USD Million)
• On-Premise
• Cloud
Application Overview, 2018-2028 (USD Million)
• Governance, Risk, And Compliance
• Customer Experience Management
• Threat Intelligence
• Fraud Detection And Prevention
• Predictive Maintenance
• Supply Chain Management
• Others
Industry Vertical Overview, 2018-2028 (USD Million)
• BFSI
• Retail and Ecommerce
• Healthcare and Pharmaceuticals
• Telecommunications and IT
• Transportation and Logistics
• Government and Defense
• Others
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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