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Data Center GPU Market Size

Report ID: GMI7616
Published Date: Dec 2023
Report Format: PDF

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Data Center GPU Market Size

Data Center GPU Market size was valued at USD 13.1 billion in 2023 and is anticipated to register a CAGR of over 28.5% between 2024 and 2032. The escalating need for processing large datasets and complex algorithms in artificial intelligence (AI) and machine learning (ML) applications has driven the demand for high-performance computing solutions. GPUs are well-suited for parallel processing tasks, making them essential for accelerating AI and ML workloads in data centers.

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In a recent turn of events, Yotta Data Services unveiled its plan to deploy over 20,400 NVIDIA GPU-based supercomputers by June 2024. In partnership with NVIDIA, the company is set to deliver cutting-edge GPU computing infrastructure for its Shakti Cloud platform, making it the nation's fastest supercomputer with 16 Exaflops of AI computing power. Having already ordered a substantial quantity of NVIDIA H100 Tensor Core GPUs, Yotta plans to initiate operations with 4,096 GPUs by January 2024, scaling up to 16,384 GPUs by June 2024.

Data Center GPU Market Report Attributes
Report Attribute	Details
Base Year:	2023
Data Center GPU Market Size in 2023:	USD 13.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	28.5%
2032 Value Projection:	USD 120.5 Billion
Historical Data for:	2018 - 2023
No. of Pages:	220
Tables, Charts & Figures:	266
Segments covered:	Deployment Model, Function, and End User
Growth Drivers:	Rising demand for AI and machine learning Emergence of edge computing Advancements in data visualization and rendering Parallel processing for scientific research
Pitfalls & Challenges:	High initial costs Power consumption and cooling requirements

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GPUs, especially high-performance ones, tend to have high power consumption, resulting in increased electricity costs for data centers. Additionally, the heat generated by GPUs needs to be efficiently dissipated to prevent overheating and ensure optimal performance. Addressing power consumption and heat dissipation challenges can be a complex and costly task, potentially limiting the scalability of GPU deployments in data centers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of data center GPU reached USD 13.1 billion in revenue in 2023 and is set to witness 28.5% CAGR from 2024 to 2032, attributed to the escalating need for processing large datasets and complex AI and ML algorithms applications.

The on-premises segment held 58% of the market share in 2023, driven by the rising need for high-performance computing solutions, particularly in fields such as AI, ML, and data-intensive workloads.

North America market accounted for 35% of the market share in 2023, due to the presence of a robust technology ecosystem with major players in AI, high-performance computing, and data-intensive industries.

Some of the prominent market players include Advanced Micro Devices, Inc., Advantech Co., Ltd., Google Inc., Huawei Technologies Co., Ltd., IBM Corporation, Imagination Technologies, Intel Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd.