At 19.4% CAGR, the Europe GPU Database Market is projected to be worth US$ 316.82 million by 2028, says Business Market Insights              

According to Business Market Insights’ research, the Europe GPU database market was valued at US$ 109.44 million in 2022 and is expected to reach US$ 316.82 million by 2028, registering a CAGR of 19.4% from 2022 to 2028. Regulations creating demand for solutions providing performance-at-scale and availability of open source solutions and growing applications areas are the critical factors attributed to the market expansion.                

GPU databases offer significant improvements over the traditional CPUs database when performing repetitive operations particularly on large amounts of data. This is because GPUs can have thousands of cores of high bandwidth memory on each card. GPU-based databases achieve orders of magnitude speedups and price-performance gains over CPU-based analytic technologies. Stringent government regulations for providing excellent performance in various applications drive the market significantly. For instance, in March 2021, Resizable BAR utilized an advanced feature of PCI Express to increase performance in certain games. Thus, the growing demand for improved performance in various applications such as AI, ML, data analytics, and other application is fueling the adoption of GPU databases, which aids the market growth. GPU databases represent a tremendous opportunity for finance, telco, retail, security/IT, and energy industry. GPUs have also seen extensive usage in the defense-intelligence complex. Also, the constrained requirement of the system is further augmenting the demand for GPU systems. For instance, AMD Smart Access Memory enables faster gaming performance when pairing Ryzen & Radeon. Thus, regulations and specifications are helping to provide excellent performance, creating the demand for GPU database across vertical applications.

On the contrary, limited capabilities of available GPU databases to perform crucial operations in analytics use cases hurdles the growth of Europe GPU database market.    

• Based on component, the Europe GPU database market is segmented into tool and services segment. The tool segment held 74.6% market share in 2022, amassing US$ 81.66 million. It is projected to garner US$ 227.67 million by 2028 to expand at 18.6% CAGR during 2022–2028.  
• Based on deployment, the Europe GPU database market is segmented cloud based and on-premise. The on premises segment held 58.5% market share in 2022, amassing US$ 64.01 million. It is projected to garner US$ 174.68 million by 2028 to expand at 18.2% CAGR during 2022–2028.
• Based on application, the Europe GPU database market is segmented into fraud detection and prevention, governance risk and compliance (GRC), customer experience management, predictive maintenance, supply chain management, threat intelligence, and others. The customer experience management segment held 28.7% market share in 2022, amassing US$ 31.46 million. It is projected to garner US$ 97.12 million by 2028 to expand at 20.7% CAGR during 2022–2028.
• Based on industry vertical, the Europe GPU database market is segmented into BFSI, IT & telecom, retail & e-commerce, healthcare, transportation & logistics, government & defense, and others. The IT & telecom segment held 17.6% market share in 2022, amassing US$ 28.81 million. It is projected to garner US$ 80.31 million by 2028 to expand at 18.6% CAGR during 2022–2028.
• Based on country, the Europe GPU database market is segmented into France, Germany, Italy, UK, Russia, and Rest of Europe. Our regional analysis states that Germany captured 24.4% market share in 2022. It was assessed at US$ 26.76 million in 2022 and is likely to hit US$ 81.25 million by 2028, exhibiting a CAGR of 20.3% during the forecast period.    

Key players dominating the Europe GPU database market are Brytlyt; H2O.ai; Jedox; Nvidia Corporation; and SQream Technologies, among others.  

• In 2022, H2o.ai has 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 the app developers and data to rapidly build AI models and apps by providing end-to-end solutions for the infrastructure.

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