Microprocessor And GPU Global Market Report 2024 - By Report, Size, Share, Trends, Key Factors, Outlook By 2033

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2732

The Business Research Company presents an extensive market research report on the Microprocessor And GPU Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The microprocessor and GPU market size has grown strongly in recent years. It will grow from $106.77 billion in 2023 to $115.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to advancements in manufacturing, cryptocurrency boom, shift to cloud computing, AI and ml development, mobile revolution.

The microprocessor and GPU market size is expected to see strong growth in the next few years. It will grow to $167.29 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to gaming industry trends, demand for energy-efficient solutions, AI and ML advancements, edge computing growth, IoT expansion, data center evolution. Major trends in the forecast period include demand for energy efficiency, rise of AR/VR technologies, blockchain and cryptocurrency, automotive industry advancements, 5G network rollout.

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Key Market Players:
Major companies operating in the microprocessor and GPU market report are Apple Inc., Samsung Electronics Co Ltd., Huawei HiSilicon Technologies Co Ltd., Intel Corporation, Qualcomm Incorporated, Broadcom Inc., NVIDIA Corporation, Advanced Micro Devices Inc. (AMD), Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics N.V., Renesas Electronics Corporation, NXP Semiconductors N.V., Analog Devices Inc., United Microelectronics Corporation, Microchip Technology Inc., Marvell Technology Group Ltd., Toshiba Corporation, Winbond Electronics Corporation, Xilinx Inc., Hua Hong Semiconductor Ltd., Cypress Semiconductor Corporation, Maxim Integrated Products Inc., Cirrus Logic Inc., Allwinner Technology, Spreadtrum Communications, Episil Technologies Corporation, Rockchip Electronics Co Ltd., Imagination Technologies Limited, Silicon Mitus Corporation

Market Drivers:
The growing adoption of the Internet of Things (IoT) enabled devices and equipment will positively influence the market for microprocessors and GPU in the forecast period. Internet of Things refers to a system of interrelated computing devices that share data over the internet. Globally there has been an increasing demand for IoT-enabled devices owing to several benefits offered such as increased connectivity, speed, easy access, better time management, and remote functioning among others. By combining machine learning and online analytical processing, GPU databases provide IoT with speed, scale, and intelligence. This allows real-time insights to lead to speedier actions and decisions. According to the DataPort report, there are more than 10 billion active IoT devices in 2021, and the number of active IoT devices is expected to exceed 25.4 billion by 2030. Therefore, the rising adoption of Internet of Things (IoT) enabled devices will positively impact the growth of the microprocessor and GPU market.

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The microprocessor and GPU market covered in this report is segmented -
1) By Architecture: X86, ARM, MIPS, Power, SPARC
2) By GPU Type: Discrete, Integrated
3) By Application: Consumer Electronics, Server, Automotive, BFSI, Industrial, Aerospace & Defense, Medical, Other Applications

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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