Get all your news in one place.
100's of premium titles.
One app.
Start reading
Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

Global GPU market to hit $100 billion in 2024: JPR

Nvidia Hopper H100 die shot.

Graphics processing units (GPUs) are ubiquitous and found in many of the devices that we interact with on a daily basis. In addition, GPUs are used for AI and supercomputer workloads, and high-end processors from companies like AMD or Nvidia can cost $10,000–$30,000 or more. Demand for these units is increasing rapidly. As a result, the revenue of GPU developers is growing, and this year the global GPU market is expected to exceed $98.5 billion, according to Jon Peddie Research. 

Currently, there are 20 companies and seven IP vendors developing discrete, integrated, and embedded GPUs, JPR reports. Most of these graphics processors are entry-level integrated GPUs, and only a few companies develop standalone GPUs for gamers including the best graphics cards. However, most of the revenue is earned from GPUs that are not used for graphics: sales of AI and HPC GPUs total only several million units per year, but since they are sold for tens of thousands of dollars per unit, they bring in tens of billions for Nvidia and billions for AMD. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.