GPU Database Market Research Report and Outlook by 2028

By 2028, the GPU database market is projected to reach a valuation of approximately US$ 1,112.11 million, up from US$ 388.81 million in 2022, reflecting a compound annual growth rate (CAGR) of 19.1% from 2021 to 2028.

The GPU database market is witnessing significant expansion across various sectors, driven by robust ecosystem support, heightened customer adoption, and an expedited transition from research to production. The uptake of GPUs is surpassing the rate of data growth, paving the way for next-generation platforms that enhance analytics capabilities. Additionally, the rising implementation of machine learning is propelling market growth by improving computational efficiency and accelerating processing times. In North America, the demand for GPU databases is on the rise, fueled by the swift adoption of cutting-edge technologies in the United States, Canada, and Mexico. This region commands the largest market share, with numerous data-centric industries embracing GPU-accelerated solutions.

Efforts by industry leaders to forge partnerships with prominent companies by providing analytical and data processing solutions are also contributing to the market's expansion. For instance, in August 2022, Intel launched its Flex Series GPUs aimed at media delivery and cloud gaming, which are utilized in cloud data centers for AI inferencing and graphics applications, including gaming and video streaming to remote devices. Consequently, the growing integration of AI and machine learning across various sectors is expected to further stimulate the North American market's growth throughout the forecast period.

In the Asia Pacific region, rapid development is being driven by industrial growth and the adoption of advanced technologies such as AI, machine learning, and data analytics. This surge has led to an increased demand for GPU-accelerated solutions, resulting in significant interest in GPU database offerings from major players in the region, particularly in emerging markets like India and China. Furthermore, small and medium enterprises in this area are ramping up their investments in GPU databases, spurred by the rise of high-performance computing applications across diverse data-intensive sectors. These dynamics are enhancing the region's share in the GPU database market.

Similarly, the Middle East & Africa, along with South & Central America, are experiencing a growing appetite for GPU database solutions. These regions are increasingly focused on building sustainable infrastructure and integrating AI and machine learning technologies across various industries, which necessitate the use of GPU databases. For example, the Dubai Electricity and Water Authority (DEWA) has recently announced investments in AI and machine learning to enhance operational efficiency and smart grid integration. The growth trajectories of countries in these regions present substantial opportunities for GPU database providers, which is anticipated to drive market growth in the coming years.

The demand for GPU databases is surging as they gain traction across multiple industries, including consumer internet, automotive, and healthcare. Companies such as JD.com and BMW have already adopted GPU technologies to optimize their operations, underscoring the increasing acceptance of GPU databases.

The report highlights key players in the market, including BRYTLYT, FUZZY LOGIX, INC, GRAPHISTRY, H2O.AI, JEDOX, KINETICA DB INC., NEO4J, INC., OMNISCI, INC., SQREAM DB, and ZILLIZ, providing comprehensive analyses that assist these companies in strategizing for future growth.

Moreover, ongoing advancements in GPU database technology are further propelling the market forward. In June 2022, Neo4j, a leading graph data platform, partnered with Deloitte Consulting Southeast Asia to offer a range of services to clients in the region. Under this partnership, Neo4j will provide product and technical support to Deloitte, ultimately benefiting end-users. Such initiatives are expected to positively influence the market, fostering growth throughout the forecast period.

According to the GPU database market report, the market is categorized based on components, deployment methods, applications, industry verticals, and geographical regions. In terms of components, the GPU database market is divided into tools and services. Regarding deployment, it is segmented into on-premises and cloud-based solutions. Applications of GPU databases include fraud detection and prevention, governance risk and compliance (GRC), customer experience management, predictive maintenance, supply chain management, threat intelligence, among others. The industry verticals encompass BFSI, IT & telecom, retail & e-commerce, healthcare, transportation & logistics, government & defense, and more. Geographically, the market is divided into North America (including the US, Canada, and Mexico), Europe (covering Germany, France, Italy, the UK, Russia, and the rest of Europe), Asia Pacific (including Australia, China, India, Japan, South Korea, and the rest of APAC), the Middle East & Africa (including South Africa, Saudi Arabia, the UAE, and the rest of MEA), and South America and Central America (including Brazil, Argentina, and the rest of SAM).

Geographically, the GPU database market is divided into five primary regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America led the market, closely followed by Europe. Furthermore, the Asia Pacific region is anticipated to exhibit the highest CAGR in the GPU database market from 2022 to 2028.