DUBLIN, Oct. 21, 2022 /PRNewswire/ — The “Global Microprocessor and GPU Market Report 2022, by Architecture, by Gpu Type, by Application” report has been added to ResearchAndMarkets.com’s offering.
The global microprocessor and GPU market 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 market is expected to reach $111.98 billion in 2026 at a CAGR of 4.8%.
Asia Pacific was the largest region in the microprocessor and GPU market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing adoption of the Internet of Things (IoT) enabled devices and equipment will positively influence the market for microprocessors and GPUs 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.