The Global GPU Database market is forecast to reach USD 1,357.4 Million by 2028, according to a new report by Reports and Data. A GPU database uses graphics processing units to perform database operations. A GPU is a programmable processor designed to render high-resolution images and video quickly. Because GPUs can perform parallel operations on multiple sets of data, they are now commonly used for non-graphical uses. A GPU database uses GPU computation power to analyze massive amounts of data and return results in milliseconds.
One of the main factors limiting the growth of the GPU database market is the lack of understanding of the advantages of GPU databases. Many organizations are not aware of the benefits that GPU databases can provide, which has resulted in a slow adoption rate. Additionally, high deployment costs have posed a challenge to the market's growth.
The above-mentioned factors collectively create opportunities for market growth, while factors such as lack of understanding of the advantages of GPU database pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the GPU market owing to innovative efforts have enhanced the efficiency of the GPU database market.
North America is forecasted to hold the largest market share during the forecast period. This is because the region has adopted the GPU-accelerated solutions earlier than any other regions. Furthermore, initiatives taken by key market players in the form of partnerships with technology players to provide rapid analytics and data processing solutions are affecting the market for GPU database in the region positively.
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The information and communication technology sector is rapidly gaining traction owing to rapid technological advancements, high demand for smartphones, laptops, computers and other modern electronic devices, and increasing adoption of latest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud services. The ICT sector consists of several sections, software, hardware, telecommunications and other services. Factors such as increasing demand for advanced ICT services in BFSI, agriculture, retail, hospital and healthcare, rapid adoption of digitalization, rising number of internet users and high demand of advanced services and devices are expected to drive global market revenue growth during the forecast period. Other factors such as increasing need for managing large data base, rising concerns about data security and increasing investments in R&D activities are expected to boost market growth during the forecast period.
Overview of GPU Database:
A GPU database is a type of database that uses graphics processing units to perform database operations. A GPU is a programmable processor designed to render high-resolution images and video quickly. The ability of GPUs to perform parallel operations on multiple sets of data has made them a popular choice for non-graphical uses. A GPU database uses GPU computation power to analyze massive amounts of data and return results in milliseconds.
Some leading companies operating in the global Keyword market:
Nvidia, Jedox, Blazegraph, Blazingdb, Zilliz, Kinetica, Sqream, Omnisci, Brytlyt, and Heterodb, among others.
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The global market is further segmented into type and application:
Component Outlook (Revenue, USD Billion; 2020-2028)
- Tools
- Services
Deployment Type Outlook (Revenue, USD Billion; 2020-2028)
- On-Premise
- Cloud
Applications Outlook (Revenue, USD Billion; 2020-2028)
- Governance, Risk, and Compliance
- Threat Intelligence
- Customer Experience Management
- Fraud Detection and Prevention
- Supply Chain Management
- Others
End-Use Industry Outlook (Revenue, USD Billion; 2020-2028)
- BFSI
- Retail and Ecommerce
- Telecommunications and IT
- Transportation and Logistics
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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