The global GPU as a service market size was worth around USD 2.31 billion in 2022 and is predicted to grow to around USD 28.7 billion by 2030 with a compound annual growth rate (CAGR) of roughly 28.78% between 2023 and 2030.
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➤ The market is experiencing growth due to the growing demand for ML and AI.
The increasing demand for machine learning and AI solutions in the technologically driven world is anticipated to fuel the global GPU as a service industry. These advanced technical features are gaining popularity as a means of revolutionizing the world by addressing intricate mathematical and scientific issues. It is anticipated that AI and ML systems will soon become essential to the economic development of numerous nations as humankind endeavors to transcend all technical and research boundaries across sectors.
➤ Current apprehensions regarding vendor lock-in may serve to limit market expansion.
Vendor lock-in is a condition in which a client becomes overly dependent on a specific service provider, vendor, or technology, making it difficult for them to transition to other options. Consequently, they may be required to endure substantial losses or service disruptions. A growing number of companies in the global industry are currently experiencing concerns regarding vendor lock-in, which may impede industrial development in the years ahead. Additionally, the implementation of GPUaaS requires the employment of professionals who are proficient in deep learning, GPU programming, and machine learning. The global GPU as a service market may be restricted by a scarcity of professionals.
➤ The adoption of cloud technology is increasing, which presents numerous opportunities for growth.
The global industry participants are anticipated to be presented with numerous growth opportunities, which will present significant opportunities for GPUaaS providers, as cloud technology is rapidly replacing technical or non-technical industries and is anticipated to continue expanding in the years ahead. As an increasing number of organizations migrate their workloads to the cloud in pursuit of enhanced functionality and performance, the demand for GPUaaS is set to rise. In addition, the GPU as a service industry may benefit from the increasing collaborations among cloud providers, GPUaaS providers, hardware vendors, and software providers.
➤ The market faces a challenge in reducing the cost of the services.
The global GPU as a service industry provides services that are exceedingly costly due to the intricate nature of the devices and the services themselves. Certain segments of the prospective client group may be discouraged from adopting these computer resources necessary for the operation of GPUaaS due to their high cost. Furthermore, the service’s efficacy scale is restricted due to its poor performance in on-premises environments.
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The Global GPU as a Service Market is segmented based on product, application and region
Global GPU as a Service Market: Product Segment Analysis
● Services
● Software
Global GPU as a Service Market: Application Segment Analysis
● Real Estate
● Gaming
● Automotive
● Healthcare
● Others
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The global GPU as a Service market profiles key players such as:
● DigitalOcean
● Amazon Web Services (AWS)
● Oracle Cloud
● Microsoft Azure
● OVHcloud
● Google Cloud
● Qarnot Computing
● IBM Cloud
● Packet
● INVIDIA Cloud
● Vultr
● Scaleway
● Igneous
● HPE GreenLake
● Paperspace
● NetApp
● Alibaba Cloud
● Hetzner
● Rescale
● Linode
???? Recent Developments:
• In March 2023, Nvidia disclosed its collaboration with Oracle Cloud, Google Cloud, and Microsoft Azure, among others, to enable its AI supercomputer to be utilized as a cloud service. Nvidia DGX Cloud is the name of the new service, which allows consumers to directly access its AI supercomputers.
• Intel announced the introduction of data center GPUs in October 2022, which are specifically engineered to serve as a power source for cloud computing on Android systems. The company introduced the Intel Arc 770, which is priced at $329, and a data center for gaming computers that falls within the mid-range.
➤ North America is expected to generate the most revenue in the approaching years.
The global GPU as a service market is anticipated to be dominated by North America. The growth may be attributed to the increasing number of key actors in the region and the increasing rate of cloud technology adoption among small, medium, and large-sized companies. The incorporation of AI technologies and the increasing investments in some of the fastest-growing industries, such as finance, healthcare, and technology, could result in increased regional revenue.
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