Global Microprocessor Market

Global Microprocessor market was valued at USD85.85 billion in 2020 and is expected to reach USD111.16 billion by 2026, owing to the growing popularity of 5G and high-performance computing devices. Furthermore, the increased adoption of cloud-based applications, data centers, advancement in artificial intelligence and machine learning technologies, as well as rising demand for household appliances and automobiles, is expected to drive the market growth. 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 use 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 their operations 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. The increased sales of personal computers and smart phone devices is driving the growth of the microprocessor market.