At 28.7% CAGR, South & Central America Graphics Processing Unit (GPU) Market is Projected to be Worth US$ 13,271.92 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America graphics processing unit (GPU) market was valued at US$ 1,760.97 million in 2022 and is expected to reach US$ 13,271.92 million by 2030, registering a CAGR of 28.7% from 2022 to 2030. Rising demand for high-end personal computing devices such as laptops and rising adoption of cloud computing are among the critical factors attributed to the South & Central America graphics processing unit (GPU) market expansion.

GPUs are increasingly used in the cloud infrastructure to speed up an expansive range of applications, including ML and AI, analytics and data science, scientific computing, and graphics and media production. The increasing adoption of cloud computing makes it easy and affordable for businesses and individuals to access GPU resources.

Furthermore, companies such as Nvidia explore their footprints in cloud computing, advanced medical imaging for cancer treatment, customer assistance that is automated, gaming of cinematic quality. AI, high-performance computing (HPC), and graphics skills are pushing the boundaries of what is feasible, and now that NVIDIA's GPU-accelerated solutions are accessible on all major cloud platforms, innovators anywhere may easily access huge amounts of power on demand.

Moreover, a number of companies, such as Nvidia, have a hybrid cloud computing strategy, combining on-premises and cloud-based resources. This allows them to scale their GPU resources up or down as needed. This factor would propel the GPU market growth as many individuals use GPUs to expedite their work. This is making GPU computing more accessible than ever before. Thus, the increasing adoption of cloud computing is expected to become a major trend in the GPU market during the forecast period.

On the contrary, declining sales of desktop computers hamper the growth of South & Central America graphics processing unit (GPU) market.

Based on type, the South & Central America graphics processing unit (GPU) market is segmented into dedicated, integrated, and hybrid. The integrated segment held 67.7% share of South & Central America graphics processing unit (GPU) market in 2022, amassing US$ 1,192.94 million. It is projected to garner US$ 9,096.20 million by 2030 to expand at 28.9% CAGR during 2022-2030.

In terms of application, the South & Central America graphics processing unit (GPU) market is categorized into tablet, computer, smartphone, gaming console, television, and others. The smartphone segment held 38.9% share of South & Central America graphics processing unit (GPU) market in 2022, amassing US$ 684.20 million. It is projected to garner US$ 5,845.51 million by 2030 to expand at 30.8% CAGR during 2022-2030.

Based on country, the South & Central America graphics processing unit (GPU) market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 54.2% share of South & Central America graphics processing unit (GPU) market in 2022. It was assessed at US$ 953.74 million in 2022 and is likely to hit US$ 7,217.99 million by 2030, exhibiting a CAGR of 28.8% during 2022-2030.

Key players operating in the South & Central America graphics processing unit (GPU) market are Advanced Micro Devices Inc, ASUSTek Computer Inc, Imagination Technologies Ltd, Intel Corp, NVIDIA Corp, Qualcomm Inc, and Samsung Electronics Co Ltd, among others.

• In March 2023, Qualcomm Technologies, Inc. announced the new Snapdragon 7+ Gen 2 Mobile Platform-delivering premium experiences brand new to the Snapdragon 7 series. Snapdragon 7+ Gen 2 provides exceptional CPU and GPU performance fueling swift, nonstop gaming, dynamic low-light photography and 4K HDR videography, AI-enhanced experiences, and high-speed 5G and Wi-Fi connectivity.
  
  
• In July 2022, Samsung Electronics announced that it has begun sampling the industry's first 16-gigabit (Gb) Graphics Double Data Rate 6 (GDDR6) DRAM featuring 24-gigabit-per-second (Gbps) processing speeds. Built on Samsung's third-generation 10-nanometer-class (1z)1 process using extreme ultraviolet (EUV) technology, the new memory is designed to significantly advance the graphics performance for next-generation graphics cards (Video Graphics Arrays), laptops and game consoles, as well as artificial intelligence-based applications and high-performance computing (HPC) systems.
  
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