Industry Overview

The global GPU market is experiencing significant growth, driven by advancements in technology and increasing demand across various sectors:

• Artificial Intelligence and Machine Learning: GPUs are critical for training complex neural networks and running inference tasks at scale.

• Gaming and Virtual Reality: The gaming industry relies heavily on GPUs for rendering high-quality graphics, while VR applications demand substantial computational power.

• Scientific Research: Fields like bioinformatics, astrophysics, and climate modeling require massive computational resources that GPUs can provide.

• Cryptocurrency Mining: GPUs are widely used in mining operations for cryptocurrencies that utilize proof-of-work algorithms.

According to market research, the GPU market is projected to grow at a compound annual growth rate (CAGR) of 33.6% from 2020 to 2027, reaching over $200 billion by 2027.