Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
According to a new market research report “GPU Database Market by Application (GRC, Threat Intelligence, CEM, Fraud Detection and Prevention, SCM), Tools (GPU-accelerated Databases and GPU-accelerated Analytics), Deployment Model, Vertical, and Region – Global Forecast to 2023″, published by MarketsandMarkets, the global GPU database market size is expected to grow from USD 178 million in 2018 to USD 455 million by 2023, at a Compound Annual Growth Rate (CAGR) of 20.7% during the forecast period.
The key factors driving the GPU database market include massive data generation across BFSI, retail, and media and entertainment industries.
Browse and in-depth TOC on “GPU Database Market”
57 – Tables
29 – Figures
129 – Pages
Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=259046335
CEM application segment to hold the largest market size in 2018
GPU-accelerated databases with their brute force computing power can ingest vast amount of data related to customers from a variety of sources. Enterprises can analyze this data and gain real-time insights into their consumer’s buying behavior, understand market dynamics and trends, forecast demand and supply, and identify service issues and performance bottlenecks in the service chain. This high-performance computing capability is crucial to customer-focused verticals, including retail and eCommerce, telecom, and BFSI, where customer experience can make a significant difference with the highly competitive environment.
Services segment to grow at a higher CAGR during the forecast period
The GPU database market by component has been segmented into tools and services. Training and consulting along with support and maintenance services enable organizations to maintain healthy consumer relationships. Additionally, the services also assist enterprises in maximizing their resource usage, effectively executing the activities enhancing business operations. The need for services, such as support and maintenance, would also grow, as the adoption of GPU database tools increases.
BFSI vertical to lead the adoption of GPU database during the forecast period
The BFSI vertical comprising banks, financial services, and insurance companies are the leading adopters of GPU-accelerated tools. This vertical generates huge amount of data and has adopted supercomputers for advanced data analytics since the inception of high-performance computing technology. GPU-accelerated tools, such as database and analytics find significance in interactive portfolio risk management, trade execution, customer analysis, and credit scoring applications. The advent of GPU-accelerated tools has simplified operations facilitating rapid data processing and real-time analytics. In the recent past, real-time risk management analytics is the major challenge for financial organizations. With the emergence of GPU-accelerated tools, organizations able to perform risk calculations and simulations in real time are using up-to-the-moment data. Parallel computing with the GPU applications enable organizations to monitor for anomalies in diverse streams of transactions and log data.
Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259046335
North America to hold the largest market size during the forecast period
North America is expected to account for the highest market share, due to the early adoption of GPU- accelerated tools as well as prominent initiatives taken by the industry players in the form of partnerships with different technology players to offer rapid analytics and data processing solutions. The major presence of GPU database vendors as well as the widespread awareness about these solutions would continue to help the region sustain its largest market share during the forecast period.
Major vendors offering GPU database globally include Kinetica (US), OmniSci (US), SQream (US), Neo4j (US), NVIDIA (US), Brytlyt (UK), Blazegraph (US), BlazingDB (US), Zilliz (China), Jedox (Germany), HeteroDB (Japan), H2O.ai (US), FASTDATA.io (US), Fuzzy Logix (US), Anaconda (US), and Graphistry (US). The study includes an in-depth competitive analysis of the key players in the GPU database market, along with their company profiles, recent developments, and key market strategies.
Browse Adjacent Markets @ Analytics Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/gpu-database.asp
Transportation Composites Market – Increasing use of composites in commercial aircraft, natural fiber composites in automotive applications
Early Impacts of COVID-19 on Thermal Printing Market
Farm Equipment Market Predictions Exhibit Massive Growth by 2025
Solid Oxide Fuel Cell Market Size to Reach $2,881 million by 2025 | Growing Demand for Fuel Cell-based Vehicles to Boost Growth
Pipeline Safety Market projected to reach $12.2 billion by 2025, with a remarkable CAGR of 9.2%