South America GPU Database Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Tool and Service), Deployment (On-Premise and Cloud based), Application (Fraud Detection & Prevention, Governance Risk & Compliance (GRC), Customer Experience Management, Predictive Maintenance, Supply Chain Management, Threat Intelligence, and Others), and Industry Vertical (BFSI, IT & Telecom, Retail & E-Commerce, Healthcare, Transportation & Logistics, Government & Defense, and Others)
The GPU database market in SAM is expected to grow from US$ 16.20 million in 2022 to US$ 39.57 million by 2028. It is estimated to grow at a CAGR of 16.0% from 2022 to 2028.
Regulations Creating Demand for Solutions Providing Performance-at-Scale
GPU databases offer significant improvements over the traditional CPUs database when performing repetitive operations particularly on large amounts of data.This is because GPUs can have thousands of cores of high bandwidth memory on each card.
GPU-based databases achieve orders of magnitude speedups and price-performance gains over CPU-based analytic technologies.Stringent government regulations for providing excellent performance in various applications drive the market significantly.
For instance, in March 2021, Resizable BAR utilized an advanced feature of PCI Express to increase performance in certain games.Thus, the growing demand for improved performance in various applications such as AI, ML, data analytics, and other application is fueling the adoption of GPU databases, which aids the market growth.
GPU databases represent a tremendous opportunity for finance, telco, retail, security/IT, and energy industry. GPUs have also seen extensive usage in the defense-intelligence complex. Also, the constrained requirement of the system is further augmenting the demand for GPU systems. For instance, AMD Smart Access Memory enables faster gaming performance when pairing Ryzen & Radeon. Thus, regulations and specifications are helping to provide excellent performance, creating the demand for GPU database across vertical applications.
According to a global survey of executives from Bain & Company, business professionals in South America are most enthusiastic about adopting GPU database tools.Hence, such factors prove that the region would offer lucrative opportunities for GPU database tool vendors during the forecast period.
Furthermore, In May 2020, New Relic collaborated with Agencia Sabia, to raise awareness of brand differences and solutions in South America and increase its potential audience.New Relic is leveraging Sabiá’s support at every step in understanding best practices and interacting with customers to show the difference between solutions through customer experience.
Such initiatives are likely to propel the GPU database tools market growth in the coming years.The significant presence of call centers in Brazil and Colombia and the growing social media trends, such as social e-commerce and D2C, is anticipated to propel the GPU database tools market growth over the forecast period as the development of these businesses relies on customer experience feedback.
Moreover, the continued rise of SMEs in Chile, Argentina, and other countries is highly influencing the implementation of GPU solutions to drive regional and global businesses.
SAM GPU Database Market Revenue and Forecast to 2028 (US$ Million)
SAM GPU Database Market Segmentation
The SAM 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 SAM 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 SAM 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 SAM 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 Brazil, Argentina, and the Rest of SAM. Brazil dominated the market share in 2022.
Brytlyt; H2O.ai; Jedox; and Nvidia Corporation are the leading companies operating in the GPU database market in the region.