The GPU database market size is projected to reach US$ 1956.23 million by 2031 from US$ 462.37 million in 2023. The market is expected to register a CAGR of 19.8% during 2023–2031. The rise in data and the growing data-driven industries are likely to remain key trends in the market.
GPU Database Market Analysis
The growing data-driven industries are one of the major driving factors of the GPU database market. The rise in digitalization and the inclination of companies towards solutions to process large datasets is fuelling the market growth. The GPU database finds its application in some of the emerging technologies such as artificial intelligence, machine and deep learning, Internet of Things (IoT), and geospatial analytics, which creates huge opportunities for GPU database market growth.
GPU Database Market Overview
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, 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.
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GPU Database Market: Strategic Insights
Market Size Value in US$ 388.81 Million in 2022 Market Size Value by US$ 1,112.11 Million by 2028 Growth rate CAGR of 19.1% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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GPU Database Market: Strategic Insights
| Market Size Value in | US$ 388.81 Million in 2022 |
| Market Size Value by | US$ 1,112.11 Million by 2028 |
| Growth rate | CAGR of 19.1% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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GPU Database Market Drivers and Opportunities
Rise in Data to Favor the Market
With the advent of digitalization, the data is generated at a tremendous rate. The data of various varieties, volumes, and velocities needs to be analyzed and processed to carry out any hidden patterns and insights with the help of data analytics techniques. Traditional analytics fails to provide optimum analytics techniques and technologies. This generates the need for a GPU database. With massively parallel processing capabilities, GPU database cost-effectively provides high performance computing. GPU database is an ideal solution to handle large datasets, which drives the demand for this technology.
Demand from data-driven industries.
GPU data has high computation power. Due to their parallel processing capabilities, they can process data up to 100 times faster than configurations containing only CPUs, as illustrated. Thus, various data-driven industries such as BFSI, media & entertainment, and others demand solutions to processing-intensive workloads for data analytics applications, which drives the demand for GPU databases. The market players are launching solutions to cater to this demand. Graphistry launched Hub Pro (Graphistry Hub for Professionals) to bring GPU-accelerated visual graph analysis to customers. Graphistry Hub Pro solves security, pricing, and maintenance for individuals, and the upcoming Hub Organizations for teams. (Source: Graphistry, Press Release, September 2021)
GPU Database Market Report Segmentation Analysis
Key segments that contributed to the derivation of the GPU database market analysis are component, deployment, application, and industry vertical.
- Based on the component, the GPU database market is divided into tool and service. The tool segment held the largest share of the market in 2023.
- By deployment, the market is segmented into cloud based and on-premise. The cloud based is expected to grow with the highest CAGR.
- By application, the market is segmented into fraud detection & prevention, governance risk & compliance (GRC), customer experience management, predictive maintenance, supply chain management, threat intelligence, and others. The customer experience management held a significant share of the market in 2023.
- By industry vertical, the market is segmented into BFSI, IT & telecom, retail & e-commerce, healthcare, transportation & logistics, government & defense, and others. The BFSI held a significant share of the market in 2023.
GPU Database Market Share Analysis by Geography
The geographic scope of the GPU database market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific region is expected to grow with the highest CAGR. The rise in digitalization and growing demand for advanced data analytics techniques in developing economies such as India and China is driving market growth in the region. Digital transformation across data-driven industries such as BFSI, healthcare, manufacturing, and others, further drives market growth. The increasing demand for extracting insights from large datasets is fuelling the market growth in Asia Pacific.
GPU Database Market Report Scope
GPU Database Market News and Recent Developments
The GPU database market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the GPU database market are listed below:
- NVIDIA and HP Inc. announced the integration of NVIDIA CUDA-X data processing libraries with HP AI workstation solutions to turbocharge the data preparation and processing work that forms the foundation of generative AI development. Built on the NVIDIA CUDA compute platform, CUDA-X libraries speed data processing for a broad range of data types, including tables, text, images and video. They include the NVIDIA RAPIDS cuDF library, which accelerates the work of the nearly 10 million data scientists using pandas software by up to 110x using an NVIDIA RTX 6000 Ada Generation GPU instead of a CPU-only system, without requiring any code changes. (Source: NVIDIA, Press Release, March 2024)
- Zilliz, a trailblazer in vector database technology, announced the release of Milvus 2.4, setting a new standard in vector search capabilities with a groundbreaking GPU indexing feature powered by NVIDIA’s CUDA-Accelerated Graph Index for Vector Retrieval (CAGRA), part of the RAPIDS cuVS library. (Source: Zilliz, Press Release, March 2024)
GPU Database Market Report Coverage and Deliverables
The “GPU Database Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- GPU database market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- GPU database market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- GPU database market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the GPU database market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Application, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
The estimated value of the GPU database market will be US$ 1956.23 million by 2031.
BRYTLYT; GRAPHISTRY; H2O.ai; Jedox; Kinetica DB Inc.; Neo4J, INC.; SQREAM DB; ZILLIZ ; HEAVY.AI; and NVIDIA CORPORATION are some of the key players operating in the GPU database market.
Massive data generation from end-users such as BFSI and media & entertainment is considered a key trend in the GPU database market.
The rise in data and the growing data-driven industries are the key driving factors impacting the GPU database market.
The global GPU database market is estimated to register a CAGR of 19.8% during the forecast period 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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