CHICAGO, Oct. 2, 2020 /PRNewswire/ -- According to the new market research report "Microprocessor and GPU Market by Architecture, Functionality, GPU Type, Deployment, Application (Consumer Electronics, Server and Data Center, Automotive, BFSI, Aerospace & Defense, Healthcare, Industrial), and Geography - Global Forecast to 2025", published by MarketsandMarkets™, will grow to USD 112.7 billion by 2025 (forecast year) from USD 79.2 billion in 2020 (estimated year), at a CAGR of 7.3% between 2020 to 2025. The key drivers fueling the growth of this market include includes the increase in demand for consumer electronics and rise in adoption of Internet of Things (IoT)-enabled devices and equipment. Moreover, implementation of cloud-based platforms and server environments during the COVID-19 pandemic can play a key role in driving the growth of the Microprocessor and GPU Market.
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The ARM architecture segment to register higher CAGR during the forecast period
The ARM architecture segment of the Microprocessor and GPU Market, by architecture is projected to grow at a higher CAGR during the forecast period. The ARM architecture is power-efficient due to its design, which has led to its use in several applications. Further, the ARM architecture is easy to manage and simple in its architectural design, making it easy to implement in low-powered embedded and portable devices such as smartphones and other compact and hand-held embedded devices. The ongoing commercialization of IoT is expected to fuel the demand for portable devices during the forecast period. This could drive the demand for ARM architecture in years ahead.
The real-time systems segment to register higher CAGR during the forecast period
The real-time systems segment of Microprocessor and GPU Market, by functionality, is expected to register higher CAGR during forecast period. Microprocessors used in real-time systems offer real-time application-based functionalities. The increase in the adoption of Internet of Things (IoT)-enabled connected devices could drive the market growth of the real-time systems in a wide variety of applications including digital cameras, live audio-video systems, mobile phones, and sensors used in weather stations. The growing adoption of real-time microprocessors for autonomous technology in the automotive sector and automation in other industrial sectors is expected to drive the demand for microprocessors used in real-time systems.
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Americas is projected to hold largest share of Microprocessor and GPU Market in 2025
Americas is expected to hold the largest share of the Microprocessor and GPU Market in 2025. The growth of the Microprocessor and GPU Market in the Americas can be attributed to the rising demand for smart cities and homes, including smart devices, and the adoption of high-performance computing applications such as supercomputers. Several companies are engaged in research & development activities for the development of microprocessor or processor chipsets, thereby driving the growth of the Microprocessor and GPU Market. Furthermore, the advent of 5G technologies has led to the increasing adoption of application processors in various sectors including communication, automotive, and industrial. These developments are expected to drive the growth of the Microprocessor and GPU Market in the region.
Intel (US), Samsung (South Korea), Qualcomm (US), Nvidia (US), AMD (US), MediaTek (Taiwan), Broadcom (US), Texas Instruments (US), IBM (US), and Marvell (Bermuda) are the key players in the global Microprocessor and GPU Market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, collaborations, joint-ventures, and acquisitions to increase their market share.
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