GPU Database Market Share & Size Global Forecast 2022,2028

GPU Database Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Tool and Service), Deployment (Cloud Based and On-Premise), by  Application [Fraud Detection & Prevention, Governance Risk & Compliance (GRC), Customer Experience Management, Predictive Maintenance, Supply Chain Management, Threat Intelligence, and Others], Industrial Vertical (BFSI, IT & Telecom, Retail & E-Commerce, Healthcare, Transportation & Logistics, Government & Defense, and Others) and Geography

Publication Month : Oct 2022

  • Report Code : TIPRE00006161
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 192
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The GPU database market size was valued at US$ 388.81 million in 2022, it is expected to grow at a CAGR of 19.1% during 2022-2028

A GPU database uses graphics processing units (GPUs) to perform database operations. A GPU is a programmable processor designed to quickly render high-resolution images and videos. The GPU database processes huge data volumes quicker and more effectively than CPUs because they operate in parallel instead of in sequence. Thus, the GPU databases are typically faster and geared towards analytics which is more flexible in processing many different types of data or much larger amounts of data. A new generation of GPU-powered databases has emerged, driven by digitalization and data analytics. Traditional CPUs have surpassed GPUs for repeating tasks on a large amount of data. With the rise in volumes of data generation, the need for carrying out high-performance computing services to allow applications to run efficiently is growing. This has increased the demand for GPU databases. The databases use GPUs to carry out certain operations, such as big data, machine learning, and artificial intelligence.

The boom in digitization and modern technologies has caused a huge increase in data volumes in organizations. Digital transformation across healthcare, manufacturing, retail, and other industries during the pandemic will likely boost data generation during the forecast period. Thus, volumes of structured and unstructured data are growing exponentially. Key factors driving the growth of the GPU Database market include a significant rise in data generation through the BFSI, banking, media, and entertainment sectors. Also, the usage of GPU databases for Governance, Risk, And Compliance (GRC), fraud detection & avoidance, threat intelligence, Supply Chain Management (SCM), and Customer Experience Management (CEM) are anticipated to shape industry trends for the uptake of GPU Databases in the coming years. Thus, the wide scope application of GPU accelerated databases and tools in insurance agencies, banks, and other financial institutions will accelerate the demand for GPU Database, which will help drive the market over the forecast period.

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GPU Database Market: Strategic Insights

gpu-database-market
Market Size Value inUS$ 388.81 Million in 2022
Market Size Value byUS$ 1,112.11 Million by 2028
Growth rateCAGR of 19.1% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on GPU Database Market Growth

 

The COVID-19 outbreak dramatically impacted the global economy during its peak in 2020 in its initial days. The pandemic hampered business activities in IT and business industries. The economic crisis after the pandemic caused a significant delay in the commercial roll-out of the next–generation technologies. Small and medium-scale companies are the backbone of technology providers and have witnessed a steep revenue drop since the pandemic in 2020. The covid-19 pandemic affected the value chain analysis and financially impacted certain companies. However, the COVID-19 outbreak positively influenced the GPU database market as it accelerated the adoption of artificial intelligence and machine learning across every vertical of the industry. The cloud is gaining momentum, and enterprises are working on optimizing their network, storage, and agility and achieving a higher bandwidth, wherein the GPU database has turned out to be the perfect solution.

Lucrative Regions: GPU Database Market Share

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Market Insight – GPU Database Market

Growing Demand for High-Performance Computing in Various Data-Intensive Industries       

The GPU database delivers higher performance than a typical desktop computer or workstation to solve large science, engineering, or business problems. One of the best-known types of high-performance computing is the supercomputer. The supercomputer consists of thousands of compute nodes that work together to complete one or more tasks, which is also called parallel processing. The adoption of advanced technologies, such as the IoT, AI, and 3-D imaging, is increasing faster; also, the size and amount of data that organizations have to work with are growing exponentially. In addition, the ability to process such data in real-time is becoming a challenge for purposes, such as streaming a live sporting event, testing new products, tracking a developing storm, and analyzing stock trends. Thus, to overcome such challenges, the uptake of GPU databases is accelerating among organizations, bolstering the market dynamics over the coming years. The most prominent high-performance computing industries include weather modeling, streaming a live sporting event, oil and gas simulations, semiconductor design, genomics, finance, and engineering.

Segment -based Insights

Based on the GPU database market report, the GPU database market is segmented based on component, deployment, application, industry vertical, and geography. Based on components, the GPU database market GPU is bifurcated into tools and Services. In terms of deployment, the GPU database market is segmented into on-premises and cloud-based. Based on application, the GPU database market is segmented into fraud detection & prevention, governance risk & compliance (GRC), customer experience management, predictive maintenance, supply chain management, threat intelligence, and others. Based on industry vertical, the GPU database market is segmented into BFSI, IT & telecom, retail & e-commerce, healthcare, transportation & logistics, government & defense, and others. Based on geography, the GPU database market is segmented into North America, Europe, and Asia Pacific, the Middle East & Africa, and South America.

Players operating in the GPU database market are mainly focused on the development of advanced and efficient products.

  • In September 2021, Graphistry released Hub Pro (Graphistry Hub for Professionals), the next stage in its mission to make GPU-accelerated visual graph analysis accessible to everyone. For individuals, Graphistry Hub Pro addresses security, cost, and maintenance issues. For teams, Hub Organizations will soon be available.
  • In December 2021, H2o.ai launched its AI Hybrid Cloud, which allows users to manage an AI platform on-premise and in the cloud. With the new features, the company has launched a fully-managed cloud and named it simply “H2O AI Cloud,” which helps app developers and data to rapidly build AI models and apps by providing end-to-end solutions for the infrastructure.

Key players profiled in the GPU database market study are BRYTLYT; FUZZY LOGIX, INC; GRAPHISTRY; H2O.AI; JEDOX; KINETICA DB INC.; NEO4J, INC.; OMNISCI, INC.; SQREAM DB; and ZILLIZ. The market report provides detailed market insights, which helps key players to strategize the growth in the coming years.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Deployment, Application, and Industry Vertical

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the market opportunities for Global GPU database Market?

Rising preference of enterprises toward AI and machine learning facilitated workloads is creating substantial growth opportunity for the market.

Which segment by component led the Global GPU database Market in 2021?

Based on component, the GPU database market is segmented into tool and services segment. The tool segment accounted for the largest share of the GPU database market in 2022. Moreover, the services segment is projected to grow at a faster pace during the forecast period. The growing adoption of AI and ML in data intensive industries is driving the segment growth over the forecast period.

Which are the five key companies in the Global GPU database Market

Kinetica DB Inc; HEAVY.AI; Brytlyt; SQream Technologies; and NVIDIA Corporation are the five key players in the Global GPU database Market. These companies have shown consistent growth in revenue and larger volumes of sales. Additionally, the well-established top five players are offering a comprehensive product portfolio and have a prominent presence in terms of share in the global market.

At what CAGR is the individual Global GPU database Market expected to grow during the forecast period?

The market is estimated to register a CAGR of 19.1% during the forecast period..

Which segment by deployment is expected to grow at the fastest CAGR during the forecast period?

Based on deployment, the GPU database market is segmented into cloud and on premises. The on premise segment accounted for the largest share of the GPU database market in 2021 owing to increasing investment in data intensive industries for handling and processing large amount of data. Moreover, the cloud segment is projected to grow at a faster pace during the forecast period owing to increasing deployment from large enterprises which helps adding more GPUs to a server rather than adding more CPUs is driving the segment’s growth.

The List of Companies - GPU Database Market

  1. BRYTLYT          
  2. GRAPHISTRY                 
  3. H2O.ai              
  4. Jedox               
  5. Kinetica DB Inc.            
  6. Neo4J, INC.    
  7. SQREAM DB                   
  8. ZILLIZ                
  9. NVIDIA CORPORATION             
  10. HEAVY.AI

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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