Microprocessor And GPU Global Market Sees Growth Rate Of 7% Through 2022

The global microprocessor and GPU market size is expected to grow from $86.78 billion in 2021 to $92.73 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The microprocessor and GPU market is expected to reach $111.98 billion in 2026 at a CAGR of 4.8%.

What is the Global Microprocessor And GPU Market?

The microprocessor and GPU market consists of the sales of microprocessors and GPU by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing microprocessors and GPUs. A microprocessor is a type of miniature electronic device that comprises logic, arithmetic, and control circuitry to perform central processing unit functions in a computer. GPU is referred to as the graphics processing unit and it is used in applications such as graphics and video rendering.

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What drives the Global Microprocessor And GPU Market?

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. Internet of Things refers to a system of interrelated computing devices that share data over the internet. Globally there has been an increasing demand for IoT-enabled devices owing to several benefits offered such as increased connectivity, speed, easy access, better time management, and remote functioning among others. By combining machine learning and online analytical processing, GPU databases provide IoT with speed, scale, and intelligence. This allows real-time insights to lead to speedier actions and decisions. According to the DataPort report, there are more than 10 billion active IoT devices in 2021, and the number of active IoT devices is expected to exceed 25.4 billion by 2030. Therefore, the rising adoption of Internet of Things (IoT) enabled devices will positively impact the market, going forward.

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Global Microprocessor And GPU Market Segments
The global microprocessor and GPU market is segmented:
By Architecture: X86, ARM, MIPS, Power, SPARC
By GPU Type: Discrete, Integrated
By Application: Consumer Electronics, Server, Automotive, BFSI, Industrial, Aerospace and Defense, Medical, Others
By Geography: The regions covered in the microprocessor and GPU market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Microprocessor And GPU Global Market Report 2022provides market size and growth forecasts for the global microprocessor and GPU market, global microprocessor and GPU market share, microprocessor and GPU market segments and geographies, microprocessor and GPU market competitive landscape including leading competitors’ revenues, profiles and market shares. The microprocessor and GPU market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Microprocessor And GPU Industry Playersinclude Intel, Qualcomm, Samsung, Nvidia, AMD, BroardCom, MediaTek, Texas Instruments, Marvell, and IBM. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.