GPGPU (General Purpose GPU) Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Type (Discrete, and Integrated), By Deployment Mode (On-premises, and Cloud-based), By Application (Gaming, Healthcare, Finance, Entertainment, IT & Telecom, Others), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

The Global GPGPU (General Purpose GPU) Market was valued at USD 515.7 Million in 2023 and is anticipated to reach a value of USD 872.8 Million by 2031 expanding at a CAGR of 6.9% between 2024 and 2031.

General purpose computing on graphics processing units, or general-purpose graphics processing units, is referred to as GPGPU (general purpose GPU). GPGPU is the use of a graphics processing unit (GPU) to create computer graphics in order to do activities that are typically performed by central processing units (CPU). Because of their many cores, which can do multiple tasks at once and run at lower rates than CPUs, they are a sort of parallel computing. For embedded systems and internet of things (IoT) applications, the advantages of GPGPU are even more significant. To put it briefly, GPGPU has revolutionized computational capabilities by combining CPU and GPU processing capability to create speedier, high-performance applications. Several industries, such as scientific computing, banking, machine learning, and video and image processing, use GPU computing. A few of the variables that impact the market are the increasing need for high-performance computing, the expansion of artificial intelligence and machine learning, the gaming and entertainment industry, and the expanding use of computing products.

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GPGPU (General Purpose GPU) Market Major Driving Forces

Rising Demand for High-Performance Computing: The market growth is being driven by an increasing demand for high-performance computing(HPC) for various applications. HPC helps engineers, data scientists, and researchers solve large datasets, complex problems in less time and at less cost than traditional computing.

Growing Adoption of Computing Products: The increasing adoption of computing products including laptops, or personal computers(PC) globally is the major factor driving the market growth. The rising demand for high graphics and computing applications across various sectors drives need for efficient and cost-effective solutions.

Gaming and Entertainment Industry: The expansion of gaming and entertainment industry is one of the significant driving factor of the market growth. The increasing investments in the global gaming and entertainment industry and advancements in game development fuels the market growth.   

Growth of AI and Machine Learning: The growing demand for advanced technologies such as artificial intelligence(AI) and machine learning is influencing the demand for GPGPU (general purpose GPU). As these technologies requires high-speed analysis, and lot of computational power, for which GPGPU (general purpose GPU) is a perfect option.

GPGPU (General Purpose GPU) Market Key Opportunities

Increasing Demand in Healthcare Applications: The increasing demand for GPGPU (general purpose GPU) in healthcare applications is expected to present an opportunity for market growth. Exploring the use of GPGPU in healthcare applications including drug discovery, medical imaging and diagnosis, and medical research offers a tremendous potential for innovations in healthcare.

Rising Use of Cloud Computing Services: The increasing use of cloud computing services leads to rise in demand for data processing power in data centers. Growing demand for GPGPU in data centers for AI, cloud computing, and high-performance computing tasks creates an opportunity for market growth.

Integration of Big Data Technology: The integration of big data technology is anticipated to offer notable opportunities for market expansion. The integration of big data technology enables extracting actionable business insights, as business models evolve and data volumes are continues to grow.  Numerous industries and enterprises are leveraging big data analytics and decision intelligence to organize textual analysis, opinion mining, and data retrieval.  

GPGPU (General Purpose GPU) Market Key Trends

·         The rising demand for high-performance GPGPU in gaming industry is a significant factor boosting market growth

·         The extensive use of integrated GPUs into portable electronic devices are gaining popularity

·         Growing adoption of GPGPU (general purpose GPU) to support cloud-based services and applications

·         The increasing demand for advanced technologies such as artificial intelligence, and machine learning is driving demand for GPGPU

·         The increasing expansion of edge computing and IoT devices require efficient processing GPGPU solution

·         Increasing demand from the entertainment industry for computer graphics is another major factor boosting demand for GPGPU

·         The growing demand for GPGPU (general purpose GPUs) in healthcare applications such as medical imaging, drug discovery, and development

Region-wise Market Insights

Asia Pacific accounted for the largest market share at 37.8% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 7.3% between 2024 and 2031.

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The general purpose GPU (GPGPU) market is dominated by the Asia Pacific region, and this trend is expected to continue during the projected period. The government's large investments in developing new graphic computing systems and the rising need for cutting-edge technologies like machine learning and artificial intelligence are what are propelling this region's growth. In addition, the market is growing due to rising cloud computing investments, rising demand from the gaming and healthcare industries, and rising IoT device integration. The need is primarily driven in North America by the large number of research institutions and technological enterprises, as well as by the growing needs of the gambling, healthcare, and finance sectors. The growing use of GPGPU solutions across industries and government funding for HPC research and development are the reasons for the expansion in Europe. The continuous digital transformation in the Middle East and Africa has resulted in a notable demand for GPGPU, while growing expenditures in cloud-based solutions are driving the market in Latin America.

Market Competition Landscape

The general purpose GPU (GPGPU) market is very competitive, with many players operating in it globally. To propel advancements in the industry, major companies in the market are allocating resources towards research and development. In order to obtain a competitive advantage, major participants in the GPGPU (general purpose GPU) industry employ certain tactics. In order to adapt to changing consumer tastes, these methods include partnerships, mergers, acquisitions, and product innovation through design distinctiveness. Established companies rely on their quality and dependability reputation to hold onto market share, while more recent competitors concentrate on disruptive technologies and USPs.

Key players in the global GPGPU (general purpose GPU) market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         Nvidia Corporation

·         Advanced Micro Devices, Inc. (AMD)

·         Intel Corporation

·         VeriSilicon

·         IBM Corporation

·         Iluvatar CoreX

·         Hygon Information Technology

·         Dell Technologies

·         Qualcomm Incorporated

·         Dassault Systems, Inc.

·         Google, Inc

·         Siemens AG

·         AMETEK, Inc.

·         Denglin Technology