At 21.2% CAGR, the APAC GPU Database Market is projected to be worth US$ 306.04 million by 2028, says Business Market Insights              

According to Business Market Insights’ research, the APAC GPU database market was valued at US$ 96.70 million in 2022 and is expected to reach US$ 306.04 million by 2028, registering a  CAGR of 21.2% from 2022 to 2028.  The increasing preference of enterprises toward AI and machine learning facilitated workloads and strong ecosystem support and increase in customer adoption are the critical factors attributed to the market expansion.                

The scope of artificial intelligence has dramatically influenced the enterprises in recent years as significant advancements in the field have expanded across various sectors, from healthcare and energy to construction and aerospace. The adoption of AI can help achieve better results for the enterprise, such as improving a variety of business and efficiency metrics, serving customers better, scaling without adding headcount, and providing the deepest insights into the organization’s data. The increasing preference of AI and ML in enterprises is augmenting the need for GPU database, posing a potential opportunity for market growth. Investors are looking for multiple start-ups to provide machine learning funding and investment for lucrative ML models for the betterment of society. It has been witnessed that ML investments and funding have started transforming the tech-driven market, which is further leveraging the demand for GPU database, helping the market to grow. For instance, in November 2021, H2O.ai, one of the leading providers of a cloud platform for AI system development, announced that it raised US$100 million in a series E round led by Commonwealth Bank of Australia (CBA) with participation from Pivot Investment Partners, Goldman Sachs, Celesta Capital, Crane Venture Partners, and others. Also, in October 2021, DataRobot raised US$300 million from Series G as one of the top machine learning funding to provide predictive insights and business value to the consumer-centric market. Thus, such increasing investment in AI and ML platform is creating potential opportunity for accelerating the demand for GPU to transfer more data at faster speed, further fueling the market growth.

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

• Based on component, the APAC GPU database market is segmented into tool and services segment. The tool segment held 72.0% market share in 2022, amassing US$ 69.64 million. It is projected to garner US$ 210.89 million by 2028 to expand at 20.3% CAGR during 2022–2028.  
• Based on deployment, the APAC GPU database market is segmented cloud based and on-premise. The on premises segment held 60.0% market share in 2022, amassing US$ 58.05 million. It is projected to garner US$ 172.44 million by 2028 to expand at 19.9% CAGR during 2022–2028.
• Based on application, the APAC 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 28.9% market share in 2022, amassing US$ 27.91 million. It is projected to garner US$ 93.84 million by 2028 to expand at 22.4% CAGR during 2022–2028.
• Based on industry vertical, the APAC GPU database market is segmented into BFSI, IT & telecom, retail & e-commerce, healthcare, transportation & logistics, government & defense, and others. The IT & telecom segment held 26.0% market share in 2022, amassing US$ 25.18 million. It is projected to garner US$ 76.78 million by 2028 to expand at 20.4% CAGR during 2022–2028.
• Based on country, the APAC GPU database market is segmented into China, India, Japan, South Korea, Australia, and Rest of APAC. Our regional analysis states that China captured 26.7% market share in 2022. It was assessed at US$ 25.83 million in 2022 and is likely to hit US$ 85.97 million by 2028, exhibiting a CAGR of 22.2% during the forecast period.    

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