North America GPU Database Market

The GPU database market in North America is expected to grow from US$ 145.63 million in 2022 to US$ 395.94 million by 2028. It is estimated to grow at a CAGR of 18.1% from 2022 to 2028.

Regulations Creating Demand for Solutions Providing Performance-at-Scale

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.

Market Overview

In North America, the US is one of the primary markets for the GPU database players due to their increasing adoption of big data solutions to gain insights into customer behavior and preferences. According to a recent Forbes report, in the US, 53% of companies are using big data analytics in 2020, up from 17% in 2019, with the telecommunications and financial services industries getting the fastest adoption. GPU tools help organizations improve their overall customer experience by providing quantifiable metrics and actionable insights into the issues that impact end users. In addition, the increasing digitalization in the enterprise sector fuels the adoption of automated GPU tools in North America. Also, highly informed, and demanding customers increasingly need timely, personalized interaction services. Therefore, the growing adoption of digital channels for interaction will help organizations better understand the underlying needs of their end users through a digital experience. As a result, companies in North America adopt GPU tools that ensure consistent service.

North America GPU Database Market Revenue and Forecast to 2028 (US$ Million)

North America GPU Database Strategic Insights

Strategic insights for the North America GPU Database provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America GPU Database Report Scope

North America GPU Database Regional Insights

The geographic scope of the North America GPU Database refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

North America GPU Database Market Segmentation

The North America GPU database market is segmented into component, deployment, application, industry vertical, and country. Based on component, the market is segmented into tool and services segment. The tool segment registered a larger market share in 2022.

Based on deployment, the North America GPU database market is segmented into cloud based and on-premise. The on-premise segment registered a larger market share in 2022.

Based on application, the North America 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 registered the largest market share in 2022.

Based on industry vertical, the North America industry vertical market is segmented into BFSI, IT & telecom, retail & e-commerce, healthcare, transportation & logistics, government & defense, and others. The IT & telecom segment registered the largest market share in 2022.

Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.

Brytlyt; Graphistry; H2O.ai; HEAVY.AI; Jedox; Kinetica DB Inc.; Neo4J, Inc.; Nvidia Corporation; SQream Technologies; and Zilliz are the leading companies operating in the GPU database market in the region.