GPU as a Service (GPUaaS) Market Size By Product (Software [Computer-aided Design (CAD)/Computer-aided Manufacturing (CAM), Simulation, Imaging, Digital Video, Modeling and Animation], Services [Managed Services, Updates & Maintenance, Compliance & Securi

GPU as a Service (GPUaaS) Market Size By Product (Software [Computer-aided Design (CAD)/Computer-aided Manufacturing (CAM), Simulation, Imaging, Digital Video, Modeling and Animation], Services [Managed Services, Updates & Maintenance, Compliance & Security]), By Application (Gaming, Design and Manufacturing, Automotive, Real Estate, Healthcare), By Service Model (SaaS, IaaS, PaaS), By Delivery Model (Public, Private, Hybrid), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The GPU as a Service (GPUaaS) market is anticipated to grow at a significant rate through 2030 owing to rising adoption of advanced AI technology. Additionally, the advent of novel technologies is set to further bolster industry growth over the forecast period.

Recently, industry players have been investing in product development and innovation, which has been favorable for the product scenario of the market. For instance, in April 2022, Fungible Inc., a Silicon Valley company, introduced Fungible GPU-Connect (FGC), a novel solution designed to revolutionize the assessment of data processing capacity and address challenges arising as a result of prevalent application of AI/ML technology, mainly in Edge data centers with under-utilized and stranded GPUs.

The GPU as a Service (GPUaaS) market has been classified in terms of product, service model, delivery model, application, and region.

Based on product, the industry has been divided into software and service. Under software, the market has been segmented into CAD/CAM, simulation, imaging, digital video, and modeling and animation. The simulation segment is slated to record a CAGR of around 41.3% through 2030 due to growing use of cutting-edge technologies like virtual reality (VR), augmented reality (AR), and 3D printing.

In 2021, the digital video segment registered a market share of over 7.98% and is expected to develop at a sturdy rate over the review timeline as digital video allows for real-time acquisition, processing, and distribution of high-resolution videos in various video broadcast situations. Furthermore, the modeling and animation segment is set to depict a CAGR of more than 35.7% through the study time period since the use of advanced modeling software has increased because of rapid development in 3D technology.

Under service, the GPU as a Service (GPUaaS) market has been segregated into updates and maintenance, managed services, and compliance and security. The updates and maintenance segment garnered roughly 22.43% market share in 2021 as companies operating in the GPUaaS market are focusing on regularly updating their product portfolios with the latest improvements.

In 2021, the compliance and security segment contributed to a sizable market share and is primed to expand at a CAGR of nearly 54.2% over 2022-2030 given that the banking industry is poised to see an increase in the uptake of GPU-accelerated cloud-native technologies.

On the basis of application, the GPU as a Service (GPUaaS) market has been divided into automotive, gaming, design and manufacturing, healthcare, and real estate. Real estate is slated to grow at above 38.1% CAGR from 2022 to 2030 backed by the advent of new technologies in the real estate sector, such as drones and AR. In 2021, the healthcare segment accounted for a market share of roughly 12.89% on account of extensive use of GPUs for visualizing data for real-time analysis across healthcare applications.

On the regional spectrum, the Latin America GPU as a Service (GPUaaS) industry is estimated to showcase a CAGR of around 43.3% through the forecast period owing to soaring investment in cloud technology, along with increasing awareness related to the benefits of cloud computing in the LATAM region. On the other hand, the Middle East & Africa GPU as a Service (GPUaaS) market exceeded a valuation of $56.01 million in 2021 supported by growing number of real estate and construction projects in MEA, particularly in the UAE, Qatar, and Saudi Arabia.