Microprocessor Market to Surpass USD111.16 Billion by 2026
Growing micro data center, rising usage of
personal computing devices, increasing demand of high-performance computing
technology outlook to boost the global microprocessor market’s development
through 2026.
According to
TechSci Research report “Microprocessor Market — Global Industry Size, Share, Trends, Competition,
Opportunity, and Forecast, 2016-2026”, Global microprocessor market
is anticipated to grow at a CAGR of 4.44% in value terms, in the next five
years to reach USD111.16 billion by 2026. The market was valued USD85.85
billion in 2020 and is expected to be driven by increasing proliferation of internet
services and the growing trend of portable devices. Moreover, the adoption of
work-from-home and distance learning modes in the midst of the COVID-19
pandemic has increased the sales of computers and smartphones around the world,
further propelling the industry's growth.
The growing
exchange of data through IoT-connected devices has created a demand for
micro-data centers all over the globe. These micro-data centers offer maximum
efficiency by greatly reducing energy consumption which in turn drives their
increased adoption all around the industries. Infrastructure housed in
micro-data centers of any microprocessor includes IT infrastructure, UPS
(uninterruptible power supply) systems, power distribution units (PDUs), and
cooling units. The numerous advantages that include lower transactional costs,
high functioning and high storage by using micro-data centers are likely to
escalate the microprocessor market, globally.
Browse more than 181 market data Figures and spread through 229
Pages and an in-depth TOC on “Global Microprocessor Market."
https://www.techsciresearch.com/report/microprocessor-market/7385.html
Global microprocessor market
can be segmented based on type, architecture, technology outlook, end user, company
and region. In terms of type, the market can be segregated into desktop microprocessor,
mobile microprocessor, performance microprocessor. The desktop and mobile
microprocessor segments are dominating the overall microprocessor market in
2020 with a cumulative share of 70.01% due to global dependence on the internet
and smart phone devices, which has also increased over the past few years. There
has been an increased use of laptops, personal computers and smart phones
during COVID-19 by employees, students, and consumers as most of the companies,
schools and other organizations were running remotely. Desktop and mobile microprocessors
are also driven by change in consumer lifestyles and increased disposable
income which have led to increase in consumers’ ability to spend more over
products for entertainment and connecting devices and the microprocessor market
goes in sync with increased sales of these personal computers and smart phones
devices, hence driving the market.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7385
Customers
can also request for 10% free customization on this report
Some of
the major players operating globally in microprocessor market include:
·
Intel Corporation
·
Taiwan Semiconductor Manufacturing Company Limited
·
SK Hynix Inc.
·
Qualcomm Technologies Inc.
·
Micron Technology Inc.
·
Broadcom Inc.
·
Sony Corporation
·
Nvidia Corp.
·
Samsung Electronics Co. Ltd.
·
Applied Materials Inc.
Players
operating in the market are employing different growth strategies to register
sound return in the market. For instance, Intel corporation set up a new chip
factory or fab called Fab 42 for the manufacturing of 10nm processes. While, Taiwan
Semiconductor Manufacturing Company, Limited is using advanced semiconductor
process technologies, i.e., 5-nanometer production capabilities, which is the
most advanced semiconductor process technology available in the world.
“In the
end user segment, consumer electronics holds the largest share with 20.34% in
the year 2020 due to wide application of microprocessors in consumer
electronics and advancement in new technologies leading to new product
development. The rise in demand for IoT devices such as smart mobiles, smart
refrigerators, smartwatches, smart fire alarms, smart door locks, medical
sensors, fitness trackers are driving the growth of the consumer electronics
segment.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Microprocessor
Market — Global Industry Size, Share, Trends, Competition, Opportunity, and
Forecast, 2016-2026
Segmented By
Type (Desktop Microprocessor, Mobile Microprocessor, Performance
Microprocessor), By Architecture (ARM, X86, SPARC, Others), By Technology
Outlook (RISC, DSP, ASIC, SUPERSCALAR, CISC), By End User (Consumer
Electronics, Medical, Server & Data Center, Automotive, Manufacturing,
Others), By Company (2020)”,
has evaluated the future growth potential of global microprocessor market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global microprocessor market.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]