Press release
Multi-Core Processor Market Outlook 2024: Exclusive Report By The Business Research Company | Advanced Micro Devices Inc., Apple Inc., Applied Micro Circuits Corporation, ARM Holdings plc, Broadcom Inc
Multi-Core Processor Market Size
The Business Research Company offers in-depth market insights through Multi-Core Processor Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The multi-core processor market size has grown rapidly in recent years. It will grow from $91.47 billion in 2023 to $105.17 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to energy efficiency, gaming industry, environmental concerns, medical imaging, cost efficiency.
The multi-core processor market size is expected to see rapid growth in the next few years. It will grow to $191.46 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to performance demands, server performance, cybersecurity, mobile devices, renewable resources. Major trends in the forecast period include cloud computing, server performance, artificial intelligence, 5g technology, data analytics.
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Market Segmentation:
The main types of multi-core processors are octa-core processors, hexa-core processors, quad-core processors, and dual-core processors. The octa-core processors comprise eight processor cores that enable Android smartphones to perform more innovative tasks such as handling high-resolution videos and graphic-heavy games without draining the battery, making the devices capable and efficient. These are applicable to computers, smart mobile devices, and others, and are employed in consumer electronics, automotives, telecommunications, energy, healthcare, and other end-users.
Major Driver - Rising Demand For Smartphones Amplifies The Need For Multi-Core Processors
The increase in demand for smartphones is expected to propel the growth of the multi-core processor market going forward. A Smartphone refers to a handheld electronic gadget that furnishes a connection to a cellular network and the internet. Smartphones with multi-core processors are helpful for handling and executing tasks and can perform more and heavier apps simultaneously. For instance, in April 2021, according to a report by the Pew Research Center, 6 in 10 Americans own a smartphone (64%), and 2 in 10 Americans now access the Internet primarily through their mobile devices. The report also states that 17% of American smartphone owners have used their phone to report a community problem in their neighborhood (such as a pothole or missing street sign) to the local authorities. Therefore, an increase in demand for smartphones is driving the growth of the multi-core processor market.
Competitive Landscape:
Major companies operating in the multi-core processor market include Advanced Micro Devices Inc., Apple Inc., Applied Micro Circuits Corporation, ARM Holdings plc, Broadcom Inc., Cavium Inc., Intel Corporation, MACOM Technology Solutions Holdings Inc., MediaTek Inc., NVIDIA Corporation, NXP Semiconductors N.V., Qualcomm Incorporated, Samsung Electronics Co. Ltd., Spreadtrum Communications Inc., Texas Instruments Incorporated, International Business Machines Corporation, Ampere Computing LLC, Andes Technology Corporation, Centaur Technology Inc., C-SKY Microsystems Co. Ltd., Imagination Technologies Limited, Marvell Technology Group Ltd., Microchip Technology Incorporated, MIPS Tech Inc. (Wave Computing Inc.), Open-Silicon Inc., RDA Microelectronics Inc., Renesas Electronics Corporation, SiFive Inc., STMicroelectronics N.V., Synopsys Inc., VIA Technologies Inc., ZTE Microelectronics Technology Co. Ltd.
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Top Trend - Innovative Product Offerings In The Multi-Core Processor Market A Closer Look At Intel's 10Th Gen Core X-Series
Product innovations have emerged as a key trend gaining popularity in the multi-core processor market. Major market players are concentrating their efforts on creating innovative products for multicore processors to meet consumer demand. For instance, in February 2021, Intel, a US-based manufacturer of microprocessors, introduced the Intel Core X-Series of desktop processors, which is the 10th generation of Intel Core CPUs. The product has a maximum boosted clock speed of 4.8GHz, with the core count climbing as high as 18 and the thread count reaching 3. The product also supports 256GB of DDR4-2933 RAM and updated Intel turbo boost max technology.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Multi-Core Processor Market Characteristics
3. Multi-Core Processor Market Trends And Strategies
4. Multi-Core Processor Market - Macro Economic Scenario
5. Multi-Core Processor Market Size And Growth
…..
27. Multi-Core Processor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries
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