Graphic Card Market Poised for Growth, Expected to Reach $44.01 Billion by 2024

LONDON, GREATER LONDON, UK, June 26, 2024 /EINPresswire.com/ -- The graphic card market, essential for rendering images, videos, and 3D graphics, is projected to grow from $32.54 billion in 2023 to $44.01 billion in 2024, reflecting a robust compound annual growth rate (CAGR) of 35.3%. It will grow to $133.11 billion in 2028 at a compound annual growth rate (CAGR) of 31.9%. This growth is fueled by the increasing adoption of e-learning, social media marketing, globalization trends, and the expansion of freelance and gig economies.

Surge in Popularity of Video Games Driving Market Growth
The surge in popularity of video games is a significant driver for the graphic card market. Video games leverage graphic cards to deliver high-quality graphics and immersive experiences, contributing to the market's expansion. According to the Entertainment Software Association, US consumers spent $59.6 billion on video games in 2021, underscoring the growing demand for enhanced gaming experiences.

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Major Players and Technological Innovations

Key companies such as Apple Inc., Nvidia Corporation, and Advanced Micro Devices Inc. are focusing on integrating advanced technologies like artificial intelligence (AI) and machine learning (ML) into their next-generation gaming graphics cards. For instance, Advanced Micro Devices Inc. launched the Radeon RX 7600 in 2023, leveraging AI and ML for superior streaming and gaming experiences at 1080p resolution.

Market Segments
• Type: Dedicated, Integrated, Hybrid
• Device: Computer, Tablet, Smartphone, Gaming Console, Television, Other Devices
• Application: Gaming, Content Creation And Multimedia, Virtual Reality (VR) And Augmented Reality (AR), AI And ML
• Industry: Electronics, IT And Telecommunication, Defense And Intelligence, Media And Entertainment, Other Industries

Regional Insights: Asia-Pacific Leading Growth
North America dominated the graphic card market in 2023, while Asia-Pacific is poised to be the fastest-growing region in the coming years. Detailed regional dynamics and growth opportunities are outlined in the comprehensive market report.

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Graphic Card Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Graphic Card Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on graphic card market size, graphic card market drivers and trends, graphic card market major players, competitors' revenues, market positioning, and market growth across geographies. The graphic card market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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