GPU Database Market Price Analysis, Size, Share and Business Opportunities to 2027
Market Synopsis
Market Research Future (MRFR) reveals different
parameters that can contribute to the rise of the Global GPU
Database Market Analysis 2021,
across the analysis period. As per MRFR evaluation, the GPU database market can
19.28% CAGR across the year to come. From 2021 to 2027, the GPU database market
can value from USD 195.3 million to USD 562.3 million. A complete assessment on
the GPU market dynamics under the pandemic is also supplemented with the
report.
The increase in volume of data generation is
creating high need for better performing computing applications, which is
boosting the adoption for GPU (graphics processing unit) database. The
increased application of GPU database can impel its marker in the years to come.
The growing need for highly effective programmable processor that can offer
high resolution videos and images, features that are offered by GPU, can also
boost the expansion of the GPU database market in the near future. The ability
of GPUs to processes enormous data in limited span is highly beneficial in IT
sectors. The surge in the adoption of GPU database by cash-rich IT sector can
promote the expansion of the GPU databases market in the analysis period. The
rise in the awareness about high performance database operations can impel the
expansion of the market in the near future. The rise in the adoption of
technically advanced GPU, mostly backed by big data, machine learning, and
artificial intelligence (AI) can impel the expansion of the market in the years
to come.
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Market Segmentation
The segment assessment of the GPU database market
is done by deployment and component.
The component based segment of the GPU database
market are tools and services. The tools segments are GPU-accelerated analytics
and GPU-accelerated databases. The services segments are support and
maintenance services, and consulting services.
The deployment based segments of the GPU database
market are cloud and on-premise. The application based segments of the GPU
database market are risk, governance, compliance, customer experience
management, threat intelligence, predictive maintenance, fraud detection and
prevention, and supply chain management among others.
The vertical based segments of the GPU database
market are healthcare, BFSI, retail and ecommerce, government, aerospace and
defense, transportation and logistics, and IT and telecommunications among
others.
Regional Analysis
Trends of the global market for GPU database is
studied across EU, APAC, MEA, and North America for the forecast period from
2018 to 2023. North America GPU database market is expected to thrive in the
coming years. The regional market is expected to earn high revenue over other
regions across the study period. The rising demand for data and the
availability of machine learning and artificial intelligence solutions can
impel the expansion of the regional market in the years to come. Omnisci,
Nvidia, and Kinetica are some regional players that are likely to contribute
significantly to the expansion of the market. EU GPU database market can rise
at a high CAGR in the forecast period due to the increased demand for customer
experience management in the years to come. In Asia Pacific, the GPU database
market value is expected to rise.
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Key Players
Fuzzy Logix Inc. (US), Kinetica DB Inc. (US),
Nvidia Corporation (US), OmniSci, Inc. (US), Brytlyt (UK), Neo4j, Inc. (US),
BlazingDB, Inc. (US), Jedox AG (Germany), Zilliz (China), SQream (US),
HeteroDB, Inc. (Japan), Blazegraph (US), FASTDATA.io (US), H2O.ai (US), and
Graphistry (US), among others are some prominent companies that are operating
in the GPU database market as listed by MRFR. These players are shortlisted by
regional presence, recent key developments, industry expertise, and product
diversification.
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