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Graphics Processing Units Database Market Segmentation by Component (Tools, Services and Applications); and by Deployment (On-Premise, Cloud) – Global Demand Analysis and Opportunity Outlook 2020-2029

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Extensive insights into the Growth of Graphics Processing Units Database Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Graphics Processing Units Database Market Highlights 2020-2029

Graphics processing units database market is estimated to grow with a high CAGR during the forecast period, i.e., 2020-2029. Extensive research associated with graphics processing units database in western countries, along with the availability of open-source solutions and their growing applications areas are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the regulations creating demand for solutions that provide performance-at-scale on a global level.

Graphics Processing Units Database Market

A GPU database uses graphics processing units to perform database operations. A GPU is programmable processor designed to quickly render high resolution images and video and additionally perform operations on multiple sets of data. GPU database uses high computation power to analyse massive amounts of information and return results in a second.

The market is segmented based on component into tools, applications and services out of which, the tools segment is anticipated to grab the largest share by the end of 202o on account of availability of open-source solutions and their growing applications areas and regulations creating demand for solutions that provide performance-at-scale.

Moreover, The GPU database tools segment is further bifurcated into GPU-accelerated Databases and GPU-accelerated Analytics. Vendors in the GPU database market are offering various GPU-accelerated databases and analytics tools to cater to the various data and analytics requirements of organizations across business lines and applications which is also projected to contribute to the growth of the segment during the forecast period.

On the basis of application, customer experience management segment is estimated to hold the largest market share. GPU-accelerated databases with their brute force computing power can ingest vast amount of data related to customers from a variety of sources. The high-performance computing capability is crucial to customer-focused verticals, including retail and e-Commerce, telecom, and BFSI, where customer experience can make a significant difference with the highly competitive environment.

Graphics Processing Units Database Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the North America is predicted to grow at the highest CAGR over the forecast period owing to the early adoption of GPU-accelerated solutions as well as initiatives taken by industry players in the form of partnerships with technology players to offer rapid analytics and data processing solutions. The US and Canada are 2 prominent markets in North America, which are witnessing healthy adoption of such GPU- accelerated tools across industry verticals. Moreover, presence of leading market players such as Nvidia, Kinetica, and Omnisci is boosting the growth of GPU database market in this region. Asia-Pacific followed by North America region is expected to grow at the highest CAGR during the forecast period owning to the adoption of emerging technologies including big data. CLICK TO DOWNLOAD SAMPLE REPORT

Graphics Processing Units Database Market Size

The Graphics Processing Units Database market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the graphics processing units database market includes the following segments:

By Component

  • Tools                                                
    • GPU accelerated databases
  • Applications
    • GPU accelerated analytics
  • Services
    • Consulting
    • Support and maintenance

By Deployment

  • On premises
  • Cloud

By Application

  • Governance, Risk, And Compliance
  • Threat Intelligence
  • Customer Experience Management
  • Fraud Detection and Prevention
  • Predictive Maintenance
  • Supply Chain Management
  • Others

By Industrial Vertical

  • Banking Financial Services and Insurance
  • Retail and Ecommerce
  • Healthcare
  • IT and Telecommunications
  • Transportation and logistics
  • Government
  • Aerospace and Defence
  • Others

Growth Drivers

  • Massive data generation across BFSI, retail, and media and entertainment industries to drive the adoption of GPU-accelerated tools
  •  Availability of open-source solutions and their growing applications areas
  • Regulations creating demand for solutions that provide performance-at-scale

Challenges

  • Lack of adequate data security measures
  • Limited capabilities of available GPU databases to perform crucial operations in analytics use cases

Top Featured Companies Dominating the Market

  •  Nvidia Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Kinetica DB, Inc.
  • OmniSci, Inc.
  • BlazingSQL, Inc.
  •  Jedox
  • SQream DB
  • Fuzzy Logix
  • Graphistry
  •  Neo4j, Inc.
  • Anaconda Inc.

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