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MARKET OUTLOOK

Triton’s research report infers that the Middle East and Africa’s graphics processing unit (GPU) market is evaluated to witness growth at a CAGR of 30.69% through the estimated years 2021-2028. Turkey, the UAE, South Africa, Saudi Arabia, and Rest of Middle East & Africa form the considered market in this region.

In Turkey, the gaming industry is witnessing growth at a steady pace. Moreover, the country’s geographic positioning will help bridge the Europe and the Middle East gaming sector. This is possible with the help of a young educated population that will be able to grasp an understanding of both cultures, tapping into the booming gaming sector. Additionally, as Turkey has the third-largest gaming population, it has emerged as a major candidate to become a producer, encouraging companies to develop innovative games. Hence, the growing gaming industry is predicted to create several opportunities for the graphics processing unit market across the country. 

On the other hand, cryptocurrencies witnessed significant growth in South Africa over the past few years. This has led to robust growth in the demand for graphic cards across the country. However, memory shortages have reduced the number of GPUs produced by manufacturers. Besides, it has become difficult to purchase specific graphic cards due to their popularity among cryptocurrency miners. Nevertheless, the growing demand is likely to influence manufacturers to accelerate the production of GPUs in the nation. Hence, the growing cryptocurrency sector is expected to generate opportunities for the GPU market within South Africa in the next few years. 

COMPETITIVE OUTLOOK

Leading enterprises in the graphics processing unit market include Imagination Technologies Ltd, International Business Machines Corporation, Evga Corporation, Nvidia Corporation, Qualcomm Inc, Sony Corporation, and Apple Inc.