Europe GPU Database Market

The GPU database market in Europe is expected to grow from US$ 109.44 million in 2022 to US$ 316.82 million by 2028. It is estimated to grow at a CAGR of 19.4% from 2022 to 2028.

Availability of Open-Source Solutions and Growing Applications Areas

The growing trend for adopting open source GPU database solutions that deliver flexibility, high quality, considerably lower cost, and enhanced security for analytical applications is driving the market growth faster over the forecast period. Adopting specific GPU solutions enabling high Q performance for computing in a particular vertical range offer potential opportunities for adopting database solutions. To enable the running of AI and ML workloads for enterprise use cases, Nvidia released version 2.1 of its AI Enterprise software suite. In August 2021, Nvidia AI Enterprise became generally accessible as a collection of supported AI and ML solutions that function well on Nvidia’s hardware. Thus, the support for open source strengthened by Nvidia AI Enterprise 2.1 is further boosting the market growth. The growing application of GPU databases across various applications is driving the market. For instance, in February 2019, Uber introduced AresDB, an open-source real-time analytics engine leveraging an unconventional power source, graphics processing units (GPUs), to meet the growing demands of analysis at scale and simultaneously unifying, simplifying, and improving Uber's existing solutions. Also, in April 2021, Cloudera, an enterprise data cloud company, announced that Cloudera Data Platform (CDP) would integrate RAPIDS Accelerator into Apache Spark 3.0. Thus, such growing adoption across various applications is driving the market.

Market Overview

According to a recent report by The Paypers, e-commerce across Europe grew by 10% from US$ 757 billion during 2019–2020 to US$ 844 billion by 2021. Furthermore, the report claims that in 2020 Western Europe recorded the leading sales with 64% of total sales, while Southern Europe accounted for 16%. Regions with the highest sales growth rates from 2019 to 2020 were Eastern Europe (36%), Central Europe (28%), and Southern Europe (24%). Hence, the growing e-commerce industry is likely to boost the adoption of GPU tools in Europe, as e-commerce and managing customer experience are affected by the online experiences of people who find and visit a website or product page from the start of the checkout process to the post-purchase confirmation email in the inbox. Customer experience has become an integral part of business strategy in the telecommunication industry. Good customer experience helps companies improve their brand, gain customer loyalty, and reduce customer churn, directly impacting sales. The growth in digital technology has led customers to demand a seamless experience while engaging across multiple channels or touchpoints. Technological advances in cloud and big data analytics through GPU-based frameworks improve end-to-end consumer experience processes. All these factors mentioned above are expected to boost the GPU database market in Europe during the forecast period.

 Europe GPU Database Market Revenue and Forecast to 2028 (US$ Million)

Europe GPU Database Market Segmentation

The Europe GPU database market is segmented into component, deployment, application, industry vertical, and country. Based on component, the market is segmented into tool and services segment. The tool segment registered a larger market share in 2022.

• Based on deployment, the Europe GPU database market is segmented into cloud based and on-premise. The on-premise segment registered a larger market share in 2022.
• Based on application, the Europe GPU database market is segmented into fraud detection and prevention, governance risk & compliance (GRC), customer experience management, predictive maintenance, supply chain management, threat intelligence, and others. The customer experience management segment registered the largest market share in 2022.
• Based on industry vertical, the Europe industry vertical market is segmented into BFSI, IT and telecom, retail & e-commerce, healthcare, transportation & logistics, government & defense, and others. The IT & telecom segment registered the largest market share in 2022.
• Based on country, the market is segmented into France, Germany, Italy, UK, Russia, and Rest of Europe. Germany dominated the market share in 2022.

Brytlyt; H2O.ai; Jedox; Nvidia Corporation; and SQream Technologies are the leading companies operating in the GPU database market in the region.   

Europe GPU Database Market Strategic Insights

Europe GPU Database Market Segmentation Analysis

Europe GPU Database Market Report Highlights

Europe GPU Database Report Scope

Europe GPU Database Market Country and Regional Insights