GPU Database Market – Overview
The huge volumes of data generated globally are incentivizing the GPU database market. Reports that investigate the information and communication technology industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is aiming to reach USD 562.3 million in revenue while utilizing a CAGR of 19.28 % in the forecast period.
The want for parallel processing which is also cost-efficient is leading to various development in the GPU database market. The GPU database prerequisite for fraud detection, cybersecurity, and real-time data is expected to raise the demand for the market further. The elevated data volumes generated from sources such as business transactions and IoT is expected to leave a positive impact on the GPU database market in the coming years.
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Segmental Analysis
The segmental analysis of the GPU database market is carried out on the basis of component, application, vertical, and deployment. On the basis of component, the GPU database market is segmented into services and tools. The tools segment is additionally divided into GPU-accelerated analytics and GPU-accelerated databases. The services segment is additionally segmented into support and maintenance services and consulting services. Based on the deployment, the GPU database market is segmented into cloud and on-premise. On the basis of application, the GPU database market is segmented into risk, compliance, governance, threat intelligence, customer experience management, predictive maintenance, fraud detection and prevention, supply chain management, and others. On the basis of vertical, the GPU database market is segmented into retail and e-commerce, BFSI, healthcare, transportation and logistics, IT and telecommunications, aerospace and defense, government, and others.
Detailed Regional Analysis
The regional evaluation for GPU Database Market covers regions such as North America, Asia Pacific, Europe, and the rest of the world, which includes Africa, the Middle East, and Latin America. The market is evaluated to develop at a momentous rate during the forecast period. Among the regions, the North American region is anticipated to govern the GPU database market. The growing need for analysis of big volumes of data along with speedy growth of machine learning and artificial intelligence in this region adds to its major share. Furthermore, the occurrence of important market players such as Kinetica, Nvidia, and Omnisci is increasing the development of GPU database market in this region. The North American region is shadowed by the European region in the GPU database market. The Asia Pacific region is projected to advance at the maximum CAGR through the forecast period.
Competitive Analysis
The revivals carried out in the logistic chain are projected to produce favorable possibilities for progress in the coming period. The instabilities in global currency are predicted to become stable and consequently place a beneficial impact on the market. The upturn of investment into physical capital is estimated to underpin the market’s growth in the forecast period. The market is being distinguished by the instrumental forces that are applying an imposing influence. The upgrades in the mining of natural resources are further supporting market expansion advancement. The improvement of substitute raw material resources is likely to further concentrate on the supply demands in the market. The progress in the efficacy of production facilities is buttressing the market’s growth pace in the coming years. Also, inventions in technology are anticipated to exercise a constructive inspiration on the enhancement of the market. The influence of governmental plans is stirring additional evolution of the market.
The main competitors in the GPU database market are Kinetica DB Inc. (US), Neo4j, Inc. (US), Brytlyt (UK), BlazingDB, Inc. (US), Zilliz (China), OmniSci, Inc. (US), SQream (US), Nvidia Corporation (US), Jedox AG (Germany), and HeteroDB, Inc. (Japan) to name a few.
LIST OF TABLES
Table 1 GPU Database Market, By Region, 2019–2023
Table 2 North America: GPU Database Market, By Country, 2019–2023
Table 3 Europe: GPU Database Market, By Country, 2019–2023
Table 4 Asia-Pacific: GPU Database Market, By Country, 2019–2023
Table 5 Middle East & Africa: GPU Database Market, By Country, 2019–2023
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LIST OF FIGURES
FIGURE 1 Global GPU Database Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global GPU Database Market
FIGURE 4 Value Chain Of Global GPU Database Market
FIGURE 5 Share Of Global GPU Database Market In 2019, By Country (In %)
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