Gaming Graphic Processing Unit (Gpu) Market Size to grow by USD 49.2 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Gaming Graphic Processing Unit (Gpu) Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: According to Technavio, the Gaming GPU market is a segment of the broader Global Technology Hardware, Storage, and Peripherals Market, which encompasses manufacturers of cellular phones, personal computers, servers, and associated components. This market's size is determined by the revenue generated from the sales of hardware devices, equipment, and peripherals, including data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The expansion of the Global Technology Hardware, Storage, and Peripherals Market will be fueled by the burgeoning demand for data centers, driven by the increasing need for remote work solutions in the wake of COVID-19. - The Gaming Graphic Processing Unit (Gpu) Market is experiencing significant growth, fueled by the Increase in demand for PC games and gaming consoles. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Increase in demand for PC games and gaming consoles
  • Increasing popularity of eSports tournaments
  • Threat of cybercrime in gaming
  • Lack of proper gaming infrastructure
• Growth Projections

The market size is estimated to grow by USD 49.2 billion, at a CAGR of 20.94% during the forecast period. In the dynamic and competitive gaming GPU market, innovation is crucial for vendors to maintain a competitive edge. Notable industry players, including Intel, NVIDIA, and AMD, have recently unveiled new GPU offerings, such as AMD's AMD Radeon RX 5600 series graphics products, which include the AMD Radeon RX 5600 XT graphics card, AMD Radeon RX 5600 graphics card, and AMD Radeon RX 5600M GPU. These products cater to the demands of the market by delivering exceptional 1080-pixel gaming experiences for desktop and laptop PCs, including the new Dell G5 15 SE. Furthermore, several other new gaming GPU solutions are anticipated to be launched during the forecast period, fueling the growth of the global gaming GPU market.

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• Regional Insights

The Gaming Graphics Processing Unit (GPU) market represents a significant growth opportunity for technology companies. This market segment caters to the demand for high-performance GPUs used in gaming computers and consoles. The increasing popularity of gaming, particularly online and multiplayer games, fuels the need for advanced GPUs capable of rendering rich graphics and smooth gameplay experiences. Market research indicates a robust CAGR for this market, driven by technological advancements and rising consumer disposable income. Companies investing in GPU research and development are poised to capture a larger market share.

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