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Global Microprocessor And GPU Market: Promising 6.1% CAGR, $152.69 Billion by 2029, Driven by IoT Adoption and Advancements in Technology
Global Microprocessor And GPU Market
Boosted by the significant trend of Internet of Things (IoT) adoption, advancements in tech, and the gaming industry, the global Microprocessor and GPU market exhibits promising growth, eyeing a CAGR of 6.1% to 7.6% in the coming years.
What Is The Projected Market Size Of The Global Microprocessor And GPU Market And Its Growth Rate?
•The Microprocessor and GPU market size was $107.26 billion in 2024 and it is predicted to reach $113.81 billion in 2025, growing at a CAGR of 6.1%.
•By 2029, the market size is anticipated to expand further to $152.69 billion, exhibiting a strong CAGR of 7.6%, which can be attributed to various trends in the gaming industry and demand for energy-efficient solutions amongst others.
What Is Driving The Growth In The Microprocessor And GPU Market?
The increasing adoption of the Internet of Things (IoT) enabled devices is driving the growth of the Microprocessor and GPU market. The positive influence on the market stems from IoT's system of interrelated computing devices that share data over the internet, which brings several benefits including increased connectivity, speed, easy access, better time management, and remote functioning among others. GPUs combined with machine learning and online analytical processing, provides IoT with speed, scale, and intelligence, thus enabling real-time insights and quicker decision-making. According to the World Economic Forum, the number of connected IoT devices will reach 30 billion by 2025, a factor that is driving the Microprocessor and GPU market growth.
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Who Are the Key Players Driving Microprocessor And GPU Market Growth?
•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.
•Microchip Technology Inc.
•Marvell Technology Group Ltd.
•Toshiba Corporation
•Winbond Electronics Corporation
•Xilinx Inc.
•Allwinner Technology
•Spreadtrum Communications
•Rockchip Electronics Co Ltd.
•Imagination Technologies Limited
What Are The Key Trends In The Microprocessor And GPU Market?
Major trends in the forecast period include:
•Demand for energy efficiency
•Rise of AR/VR technologies
•Blockchain and cryptocurrency advancements
•Automotive industry advancements
•5G network rollout.
What Are The Segments Of The Global Microprocessor And GPU Market?
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
Which Region Leads The Microprocessor And GPU Market?
Asia-Pacific was the largest region in the microprocessor and GPU market in 2024. The other regions covered in the report are Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Microprocessor And GPU Market Global Market Report?
- Market Size Analysis: Analyze the Microprocessor And GPU Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Microprocessor And GPU Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Microprocessor And GPU Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Microprocessor And GPU Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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