How Big is "GPU as a Service" Market?

It’s almost impossible to precisely quantify the addressable market for specialized “graphics processor unit as a service” providers such as CoreWeave, which specializes in providing GPU infrastructure to artificial intelligence developers.

CoreWeave might be considered an innovation in the area of high-performance computing for that reason, as it emphasizes GPUs rather than Central Processing Units. GPUs are considered essential for accelerating computationally intensive tasks like AI and machine learning. 

  

Traditional HPC often relies on CPUs for general-purpose computing. CoreWeave prioritizes GPUs, which are optimized for parallel processing. Right now, the market might be in low single-digit billions, but growing to possibly double-digit or triple-digit billions by the mid-2030s. 

Still, GPU as a service is a specialty within the cloud computing as a service business, and might remain two orders of magnitude smaller. 

Study Name	Date	Publisher	Key Estimates
GPU as a Service Market Size, Share & Growth Report	2023	Grand View Research	Global market valued at USD 3.35 billion in 2023, projected to grow at a CAGR of 21.6% from 2024 to 2030.
GPU as a Service Market Size, Growth	Forecast Analysis [2032]	Fortune Business Insights	Global market valued at USD 3.23 billion in 2023, projected to grow from USD 4.31 billion in 2024 to USD 49.84 billion by 2032, exhibiting a CAGR of 35.8%.
GPU as a Service Market Size & Share	Growth Forecast 2032	Global Market Insights	Global market valued at USD 6.4 billion in 2023, projected to grow at a CAGR of over 30% during 2024 to 2032.
GPU-as-a-Service Market Size, Trends & Outlook by 2033	2023	FMI - Future Market Insights	Global market valued at USD 3.91 billion in 2023, projected to grow at a CAGR of 40.8% between 2023 and 2033, totaling around USD 119.6 billion by 2032.
GPU as a Service Market Size & Share	Growth Analysis 2037	Research Nester	Global market valued at USD 4.34 billion in 2024, projected to exceed USD 95.07 billion by 2037, registering over 26.8% CAGR.

As with many other firms launching in new markets, perhaps the essential gamble is that X market will be huge and Y provider will get N percent of the market. So GPU as a service might be a subset of generative AI as a service. 

Study	Date	Publisher	Key Estimate
The State of AI 2023	June 2023	Anthropic	The global market for generative AI computing as a service is forecast to reach $15 billion by 2027.
Generative AI Market Outlook	September 2023	CoreWeave	The market for generative AI computing as a service is expected to grow at a CAGR of 35% from 2023 to 2028, reaching $18.2 billion in value by 2028.
Gartner Hype Cycle for AI 2023	July 2023	Gartner	Generative AI computing as a service is projected to have a market size of $14.5 billion by 2026.
Generative AI Market Size, Share	2023	Fortune Business Insights	Global market valued at USD 43.87 billion in 2023, projected to reach USD 967.65 billion by 2032, with a CAGR of 39.6%.
Generative AI Market Size To Hit USD 803.90 Bn By 2033	2023	Precedence Research	Global market size was USD 17.65 billion in 2023, expected to reach USD 803.90 billion by 2033, expanding at a CAGR of 46.5%.
Generative AI Market Size And Share	2024	Grand View Research	Global market led by North America, with a revenue share of 40.8% in 2024. Software segment dominates with a 64.2% share.
Generative AI Market Size, Trends, & Technology Roadmap	2023	MarketsandMarkets	Focuses on technology trends and roadmap, including advancements in transformer models and multimodal data.