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Leading Growth Driver in the Microprocessor And GPU Market in 2025: Rising Adoption Of IOT Devices Fuels Growth In The Microprocessor And GPU Market Driver's Influence
What combination of drivers is leading to accelerated growth in the microprocessor and gpu market?The rise in the use of Internet of Things (IoT) enabled gadgets and equipment is set to positively impact the Microprocessor and GPU market in the upcoming years. Essentially, IoT is a system of interconnected digital machines that exchange data via the internet. There's been a steady global increase in demand for these IoT-devices due to numerous advantages they present, such as improved connectivity, speed, simplicity, superior time management, and the ability to work remotely, among others. By merging machine learning with online analytical processing, GPUs grant IoT the provision of speed, scale, and smartness, facilitating real-time insights, prompting quicker actions and decisions. For example, in January 2023, the World Economic Forum, a non-profit organization based in Switzerland, projected that the tally of connected IoT devices would touch 30 billion by 2025. As a result, this growing adoption of the Internet of Things (IoT) is propelling the expansion of the Microprocessor and Gpu market.
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What is the projected compound annual growth rate (CAGR) of the microprocessor and gpu market from 2025 to 2034, and what factors influence it?
In recent years, the microprocessor and GPU market has seen significant expansion. The market, standing at $107.26 billion in 2024, is projected to increase to $113.81 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.1%. This robust growth during the historical period is driven by factors such as enhancements in production, the rise of cryptocurrencies, the transition towards cloud computing, and the burgeoning developments in AI and machine learning, as well as the mobile revolution.
Expectations are high for a robust expansion in the size of the microprocessor and gpu market in the upcoming years, with a predicted growth to $152.69 billion by 2029. This signifies a compound annual growth rate (CAGR) of 7.6%. Numerous factors are contributing to this predicted growth in the forecast period, such as trends in the gaming industry, the need for energy-efficient solutions, progress in AI and ML technologies, the rise of edge computing, IoT development, and the evolution of data centers. Noteworthy trends for the period include an increasing demand for energy-efficient solutions, the emergence of AR/VR technologies, blockchain and cryptocurrency advancements, automotive industry progress, and the rollout of 5G networks.
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How are the latest trends influencing the growth of the microprocessor and gpu market?
A significant trend in the microprocessor and GPU market is the escalating release of potent and advanced microprocessors and GPUs. In a bid to gain a competitive edge in the market, the dominant players are focusing on the creation and development of novel processors integrated with enhanced features. For example, Imagination Technologies, a UK-based firm specializing in semiconductor and software design unveiled the IMG DXD in November 2023. It's the inaugural product in an entirely new series of high-performance GPU IP and comes with DirectX support. Boasting a per-core graphics performance of 2.25x, it ensures satisfying and uninterrupted gaming experiences for the mainstream gamers with its smooth frame rates.
What are the major segments of the microprocessor and gpu market and their role in driving growth?
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
Subsegments:
1) By X86: Intel X86 Processors, AMD X86 Processors
2) By ARM: ARM Cortex Processors, ARM Custom Core Processors
3) By MIPS: MIPS I Architecture, MIPS32 Architecture, MIPS64 Architecture
4) By Power: PowerPC Processors, Power ISA
5) By SPARC: SPARC V9 Architecture, SPARC T-Series Processors
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Which regions are key players in the growth of the microprocessor and gpu market?
Asia-Pacific was the largest region in the microprocessor and GPU market in 2024. The regions covered in the microprocessor and gpu market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the microprocessor and gpu market?
Major companies operating in the microprocessor and gpu market include 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
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What Is Covered In The Microprocessor And GPU Global Market Report?
•Market Size Forecast: Examine the microprocessor and gpu market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the microprocessor and gpu market for a structured understanding.
•Key Players Overview: Analyze major players in the microprocessor and gpu market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the microprocessor and gpu market.
•Segment Contributions: Evaluate how different segments drive overall growth in the microprocessor and gpu market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the microprocessor and gpu market.
•Industry Challenges: Identify potential risks and obstacles affecting the microprocessor and gpu market.
•Competitive Landscape: Review strategic developments in the microprocessor and gpu market, including expansions, agreements, and new product launches.
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The global microprocessor and GPU market report by the business research company identifies 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 to be a major growth driver for the…