Middle East & Africa GPU Database Market

The GPU database market in MEA is expected to grow from US$ 20.83 million in 2022 to US$ 53.75 million by 2028. It is estimated to grow at a CAGR of 17.1% from 2022 to 2028.

The increasing preference of enterprises toward AI and machine learning facilitated workloads

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.

Market Overview

A new generation of connected intelligent services is redefining the way Middle Eastern enterprises work to manage customers' experience and their security. According to a recent Avaya survey, 40% of executives in GCC admit that their organization's customer experience is poor or average, and they are progressively aiming to adopt new technologies to improve it. The leaders of the public & private sectors recognize that they can differentiate themselves from their competitors by using technology to provide their customers with a better experience. At GCC, organizations are also working to integrate their products with smart city initiatives and initiatives for enhancing public well-being. The growing awareness regarding the benefits of automated GPU tools is anticipated to boost the GPU database market growth in the region over the forecast period. Furthermore, BFSI, energy, healthcare, government, and various verticals are adopting GPU databases as they possess an enormous amount of sensitive and secret data. Additionally, the network security industry in the Middle East & Africa is expanding because the Bring Your Own Device (BYOD) and Work from Home (WFH) scenarios are becoming prevalent due to the COVID-19 pandemic. Based on the Aruba Networks report, in 2021, 69% of the organizations in the Middle East adopted some form of BYOD. Similarly, the network security business in the region witnesses implementation difficulties because of the increasing complexity of establishing IT security infrastructure on operational technology (OT) and supervisory control and data acquisition (SCADA). The network of businesses in the region is threatened by the expansion of remote working practices due to the effects of the pandemic. Organizations are implementing countermeasures and working with security suppliers to handle the situation successfully. Hence, the expanding security practice across the region is anticipated to create lucrative opportunities for the Middle East & Africa GPU database market during the forecast period.

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

MEA GPU Database Market Segmentation

The MEA 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 MEA 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 MEA 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 MEA industry vertical market is segmented into BFSI, IT & 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 South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The UAE dominated the market share in 2022.

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

Middle East & Africa GPU Database Market Strategic Insights

Middle East & Africa GPU Database Market Segmentation Analysis

Middle East & Africa GPU Database Market Report Highlights

Middle East & Africa GPU Database Report Scope

Middle East & Africa GPU Database Market Country and Regional Insights