- 12 March 2019 22:46
Increasing Data Generation by Various Sectors is a Major Factor Expected to Drive Growth of the Global Graphics Processing Unit Database Market
A graphics processing unit is a single-chip processor that performs rapid mathematical calculations, primarily focused on rendering images and is widely used to improve performance and creation of video and graphics. Increasing data generation by various sectors such as BFSI, IT, Telecom, and others is resulting in high adoption of graphics processing unit–accelerated tools owing to its high-performance computing and volume-weighted average price (VWAP), accurate computations feature is a major factor expected to drive growth of the global Graphics Processing Unit Database Market over the forecast period.
In addition, rising demand for high performance computing systems and increasing implementation of graphics processing unit database for threat intelligence, fraud identification and prevention, and customer experience management services in various IT organizations is another factor estimated to fuel growth of the target market during the forecast period.
The Graphics Processing Unit Database Market is segmented on the Basis of Deployment Mode, End-use Industry and regions. On the basis of Deployment Mode, the global market is segmented into Cloud-Based, On-Premises. The Cloud-Based segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of End-use Industry, the global market is segmented into Manufacturing and Education, Retail and e-Commerce, Healthcare and Pharmaceuticals, IT and Telecommunications, Media &, Communication Services, Banking, Financial Services and Insurance (BFSI), and Others (Food & Beverages, Government, Defence, Real Estate, Automotive, Utilities, etc.). The IT and Telecommunications segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Zilliz, Brytlyt, Jedox AG, OmniSci, Inc., HeteroDB, Inc., Anaconda, Inc., Kinetica DB, Inc., Nvidia Corporation, SQream Technologies, Blazegraph by Systap, LLC.