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Data Center GPU Market Trends

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

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Data Center GPU Market Trends

The rise of edge computing, where data processing occurs closer to the source of data generation, is expected to influence the market. GPUs can play a crucial role in accelerating processing at the edge, enabling faster insights and reducing latency. This trend aligns with the growing demand for real-time data analysis in applications such as IoT (Internet of Things) and autonomous systems.

In October 2023, StackPath, a leading edge-computing platform, unveiled the inclusion of NVIDIA GPU-Accelerated Instances in its array of Virtual Machine (VM) and Container product offerings. These newly introduced instances leverage the power of NVIDIA A2 Tensor Core and NVIDIA A16 GPUs, providing the necessary computational strength for tasks like deep learning algorithms and high-performance graphical processing. Such capabilities are essential for cutting-edge technologies, spanning artificial intelligence (AI), machine learning (ML), augmented reality (AR), and virtual reality (VR).

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.