With the emergence and long-term Impact of COVID-19, Global Graphics Card Market to reach USD 446.17 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Graphics Card Market is poised to raise up to USD 446.17 Billion by 2030. The graphics card market refers to the industry that involves the production and sale of graphics processing units (GPUs) and graphics cards used in various applications such as gaming, professional visualization, data processing, artificial intelligence, and cryptocurrency mining. These cards are essential components in computers that handle graphics-intensive tasks and provide high-quality visuals and accelerated processing capabilities.
The major driving factors for the Global Graphics Card Market are gaming industry growth and rising demand for professional visualization and design. Moreover, Growing demand for Data Processing and AI Applications and Rise of eSports is creating lucrative growth opportunity for the market over the forecast period 2023-2030. Moreover, growing demand for Data Processing and AI Applications and rise of eSports advancements in display technologies and rising edge computing and Iot is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
Geographically, the global market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America, is dominating market for graphics cards. The region is home to major gaming companies, technology innovators, and a strong consumer base. The popularity of gaming, eSports, and content creation in North America drives the demand for high-performance graphics cards. The region also has a strong presence of professional visualization and design industries, further boosting the demand for powerful GPUs.
Moreover, Asia Pacific is a significant and rapidly growing market for graphics cards. Countries such as China, South Korea, and Japan are major contributors to the region’s market. The rising middle class, increasing disposable incomes, and the popularity of gaming and eSports drive the demand for graphics cards in this region. Additionally, the growing adoption of AI, machine learning, and data analytics in industries across Asia Pacific presents opportunities for graphics card manufacturers.
The global Graphics Card market is highly competitive owing to the presence of several key market players such as Advanced Micro Devices (AMD), Intel Corporation, AsusTek Computer Inc, EVGA Corporation, Gigabyte Technology Co., Ltd, Micro-Star International Co., Ltd. (MSI), SAPPHIRE Technology Limited, Zotac International (MCO) Ltd, and others.
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Global Graphics Card Market Size study & Forecast, by Type (Discrete Graphics Card, Integrated Graphics Card), by Application (Gaming, Industrial, Healthcare, Others), by End Use (Desktops, Laptops, Workstations, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Graphics Card Market is anticipated to grow with a healthy growth rate of more than 33.4% over the forecast period 2023-2030.
- In the Type segment, Discrete Graphics Card emerged out as the leading market segment in 2022.
- In the Application Segment, Industrial application emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth Owing to The popularity of gaming, eSports, and content creation in North America drives the demand for high-performance graphics cards.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
- Discrete Graphics Card
- Integrated Graphics Card
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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