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GPU as a Service (GPUaaS) Market Trends

  • Report ID: GMI2143
  • Published Date: Sep 2024
  • Report Format: PDF

GPU as a Service Market Trends

The GPUaaS industry is witnessing a growing trend in its use for high-performance computing (HPC) tasks, such as scientific simulations, weather forecasting, and financial modeling. HPC applications need substantial computational power for simulations and modeling. GPUs speed up the processing of large datasets and complex calculations, enabling faster and more detailed simulations, like particle collisions. Climate scientists are increasingly using GPUaaS for weather forecasting and climate modeling.
 

By leveraging GPUs' parallel processing capabilities, researchers can analyze vast amounts of meteorological data to predict weather patterns and model climate changes with greater accuracy. This helps in understanding and mitigating the impacts of climate change.
 

Companies are forming strategic partnership to launch GPUaaS. For instance, in August 2024, Singtel, a telecom company from Singapore, partnered with Bridge Alliance to launch GPU-as-a-Service (GPUaaS) in Southeast Asia. This service will use Nvidia's H100 Tensor Core GPU clusters. Singtel will also be the first to introduce Nvidia's new GB200 AI servers. The service will expand to new AI-ready datacentres by Nxera, Singtel's regional datacentre business, in Singapore, Thailand, Indonesia, and Malaysia from the first half of 2025.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of GPU as a Service (GPUaaS) reached USD 6.4 billion in 2023 and is set to grow at over 30% CAGR from 2024 to 2032, led by the increasing adoption of cloud computing services.

The gaming segment held over 31% share in 2023, owing to high-quality graphics, real-time rendering, and immersive environments.

North America market held 37% share in 2023, attributed to the presence of leading cloud service providers.

Advanced Micro Devices, Inc., Alibaba Cloud, Amazon Web Services Inc., Autodesk Inc., Google LLC, Intel Corporation, Microsoft Corporation, Nvidia Corporation, OVH Cloud, and Qualcomm Technologies.

GPU as a Service Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 250
  • Countries covered: 25
  • Pages: 200
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