Report: GPU as a Service Market To Be Worth Over $5 Billion By 2024
GPU (graphics processing unit) as a Service Market size is set to exceed USD 5 billion by 2024; according to a new research report by Global Market Insights, Inc. The GPU as a service industry helps in delivering enhanced images, including optical effects, seamless motion, and intricate shapes at a faster pace. The market is booming due to increase in demand for visual effects in gaming and entertainment applications. Also, the improved performance and functionality of the GPU have made them coprocessors for the computation, fostering the market growth.
The GPU as a service market demand is forecast to witness double digit growth owing to constant changes in graphic games, AR, VR, and AI. Changing megatrends in the electronics and IoT space will create new opportunities in the industry owing to huge investment and the need to develop new software graphics design. However, the inability to integrate GPU hardware with cloud and managed services will restrain growth.