Graphics Processing Unit (GPU) Market Report 2023: Rising Number of Data Centres Coupled With Growing Computing Applications Will Boost Sector
DUBLIN, May 26, 2023 /PRNewswire/ -- The "Graphics Processing Unit (GPU) Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.
According to the Indian Electrical Equipment Industry Mission Plan 2012-2022, the Indian government intends to make the country a manufacturer of electrical equipment and achieve a productivity of USD 100 billion by matching exports and imports.
The widespread use of computing devices, such as laptops and personal computers (PCs), as well as rising investment in the electronics and automobile sector, have been significant growth drivers for the GPU market in recent years. The expansion of technologies like AI, along with the trend of real-time analysis, and the rising demand for high graphics and computing applications are more factors driving the expansion of the graphics processing unit market over the forecast period.
This shows that the investment in data centres and computing applications is going to increase which will boost the market for GPU. Additionally, a sharp rise in data demand and the opening of data centres has prompted major firms and governmets to invest in Graphics processing units which will be a growing market for graphics processing units during the forecasted period.
Increasing demand from the automobile industry will further boost the graphics processing unit market.
GPUs are capable of much more than powering dashboards and in-car displays in the automobile industry. They can show and run advanced driver assistance systems (ADAS), which are now standard in modern vehicles. As vehicle sales and production rise, so will the demand for graphics processing units. According to (IEA) International energy agency, despite supply chain delays and due to the Covid-19 epidemic, electric car sales set a new high in 2021 and the sales nearly doubled to 6.6 million showing a sales share of approximately 9% in comparison to 2020, increasing the total number of electric vehicles on the road to 16.5 million.
According to the OICA data, the production of cars globally has increased from 57 086 075 units in 2021 to 61 598 650 units in 2022 showing a variation of an 8% increase. This showcases the demand for GPU will increase due to the rising production and sales of vehicles which will boost the graphics processing units market growth.
Also, growing data centre expenditures and research centres across the Asia Pacific are expected to drive up the GPU demand. For instance, In February 2023, the Ministry of Finance announced that three centres of excellence for artificial intelligence (AI) will be established under the National Data Governance Policy, which will be purchased to provide access to anonymized data in these data centres.
This will boost the demand for graphics processing units in the Asia Pacific region. In February 2022One of two data centre clusters that the government has announced will be built in the YRD hub is the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone, which will begin construction in Shanghai, Suzhou (Jiangsu Province), and Jiaxing (Zhejiang Province). This shows the demand for graphics processing units will be growing at a rapid pace as more countries in the Asia-pacific region are investing in data centres and increased demand for electronic devices will boost the graphics processing units' market growth.
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/w3031l
Research and Markets
View original content:https://www.prnewswire.com/news-releases/graphics-processing-unit-gpu-market-report-2023-rising-number-of-data-centres-coupled-with-growing-computing-applications-will-boost-sector-301835745.html
SOURCE Research and Markets