Graphic Processing Unit Market, By Type (Dedicated, Integrated, and Hybrid), By Device (Computer, Tablet, Smartphone, Gaming Console, Television, and Others), By Industry Vertical (Electronics, IT & Telecommunication, Defense & Intelligence, Media & Entertainment, Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jun 2023

Code : CMI5875

Pages :160

Formats :

Excel and PDF

Industry : Information and Communication Technology

Graphic Processing Unit MarketSize and Trends

The global graphic processing unit market size was valued at US$ 37.02 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 12% from 2023 to 2030. The major factors driving the growth of this market include constant advancements in intense graphic games, growing popularity of VR and AR, thriving portable electronics and wearable’s market, adoption of artificial intelligence and growing number of gaming laptops & computers. Furthermore, rising emphasis on big data technology to derive actionable business intelligence is anticipated to fuel the growth of this market.

Figure 1: Global Graphic Processing Unit Market Share (%), in terms of Value, By Region, 2022

Global Graphic Processing Unit Market Trends:

Growing demand for servers is a major trend in the market

With the proliferation of cloud technology in different end user industries, demand for servers is increasing rapidly. Market players are thus involved in offering various solutions through partnerships and collaborations. For instance, KDDI, a leading telecom company in Japan and NVIDIA partnered for offering GeForce Now game-streaming services to consumers. The company partnered with NVIDIA for delivering PC games over a 5G network and low-latency broadband for gamers in the country. This trend in thus expected to support growth of the global graphic processing unit market over the forecast period.

Increasing adoption of computing products is also trending in the market

Computing products such as laptops or personal computers are increasingly being adopted all over the world. The demand for these products is increasing due to various factors such as growing gaming industry, and digitization of education systems among others. The demand for graphics and computing applications is increasing along with expansion of advanced technologies such as artificial intelligence. As a result, the demand for GPU systems on the rise. This trend is expected to continue in the global graphic processing unit market over the forecast future.