Research Nester released a report titled “Graphics Processing Units Database Market: Global Demand Analysis & Opportunity Outlook 2029″which delivers a detailed overview of the graphics processing units database market in terms of market segmentation by the component, application, deployment, industrial vertical and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
The graphics processing units database market is projected to grow with a high CAGR during the forecast period, i.e., 2020-2029 on account of the massive data generation across BFSI, retail, and media and entertainment industries to drive the adoption of GPU-accelerated tools worldwide.
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Based on industry vertical, supply chain management segment is estimated to grow at the highest CAGR during the forecast period. The GPU databases can provide a significant advantage to enterprises by facilitating their supply chain operations and enabling them to optimize it by providing real-time, location-based insights in the entire supply chain. Moreover, GPU-accelerated databases with their high computing power can ingest vast amount of data related to customers from a variety of sources. Enterprises can analyze this data and gain real-time insights into their consumer’s buying behavior, understand market dynamics and trends, forecast demand and supply, and identify service issues and performance bottlenecks in the service chain. This high-performance computing capability is crucial to customer-focused verticals, including retail and ecommerce, telecom, and BFSI, where customer experience can make a significant difference with the highly competitive environment.
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 two prominent markets in North America, which are witnessing healthy adoption of such GPU- accelerated tools across industry verticals. Presence of major players in the US and Canada is the major reason for the high market share of the market in North America.
Massive Data Generation across BFSI, Retail, and Media and Entertainment Industries to Drive the Market Growth
The massive data is generating across the various industryverticals including banking, financial services and insurance, media and entertainment rising the demand of more effective databases to secure large chunk of data. Hence, driving the growth of the technologies such as big data. The big data market is rapidly becoming an emerging area of focus across numerous end-use industries. The technology adds up substantial value by providing useful information; enabling organizations to manage large chunks of data efficiently. Companies with the help of these solutions obtain both efficiency and quality in managing a large volume of information, ultimately resulting in significant cost reduction. This report also provides the existing competitive scenario of some of the key players of the graphics processing units database market which includes company profiling of Kinetica DB, Inc., OmniSci, Inc., BlazingSQL, Inc., Jedox, SQream DB, Fuzzy Logix, Graphistry Neo4j, Inc., Anaconda Inc.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the graphics processing units database market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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