Based on product , the industry has been divided into software and service . Under software , the market has been segmented into CAD / CAM , simulation , imaging , digital video , and modeling and animation . The simulation segment is slated to record a CAGR of around 41.3 % through 2030 due to growing use of cutting-edge technologies like virtual reality ( VR ), augmented reality ( AR ), and 3D printing .
Under service , the GPU as a Service market has been segregated into updates and maintenance , managed services , and compliance and security . The updates and maintenance segment garnered roughly 22.43 % market share in 2021 as companies operating in the GPUaaS market are focusing on regularly updating their product portfolios with the latest improvements .
On the basis of application , the GPU as a Service market has been divided into automotive , gaming , design and manufacturing , healthcare , and real estate . Real estate is slated to grow at above 38.1 % CAGR from 2022 to 2030 backed by the advent of new technologies in the real estate sector , such as drones and AR . In 2021 , the healthcare segment accounted for a market share of roughly 12.89 % on account of extensive use of GPUs for visualizing data for real-time analysis across healthcare applications .
On the regional spectrum , the Latin America GPU as a Service industry is estimated to showcase a CAGR of around 43.3 % through the forecast period owing to soaring investment in cloud technology , along with increasing awareness related to the benefits of cloud computing in the LATAM region . On the other hand , the Middle East & Africa GPU as a Service market exceeded a valuation of $ 56.01 million in 2021 supported by growing number of real estate and construction projects in MEA , particularly in the UAE , Qatar , and Saudi Arabia .
In 2021 , the digital video segment registered a market share of over 7.98 % and is expected to develop at a sturdy rate over the review timeline as digital video allows for real-time acquisition , processing , and distribution of high-resolution videos in various video broadcast situations . Furthermore , the modeling and animation segment is set to depict a CAGR of more than 35.7 % through the study time period since the use of advanced modeling software has increased because of rapid development in 3D technology .
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