64bit computing Market Analysis of Effective Business Strategies 2018 To 2026
Bit computing refers to the bit number in a
processor corresponding to processing speed and storage capacity. In computer
architecture, a processor with memory address widths, integer size, and data
path widths of 64 bits is referred to as 64-bit computing. Advanced
technologies such as collision avoidance systems, parking assistance, and lane
departure warning in the automotive industry, require instillation of 64-bit
processors for smooth functioning. Growing integration of these technologies in
automotive is in turn, increasing demand for 640-bit computing, globally.
According to International Energy Agency Organization, in 2016, over 750,000
electronic cars were sold worldwide, with China, the U.S., Norway, U.K.,
France, and Japan being major countries in this market.
64-bit Computing Market Taxonomy
On the basis of application, the global 64-bit
computing market is segmented into:
- Automotive
- Communication
- Consumer
Electronics
- Industrial
- Medical
Devices
- Military
& Defense
- Others
Among applications, the automotive application
segment holds a dominant position and is projected to retain its dominance
throughout the forecast period.
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North America holds the largest market share
of the global 64-bit computing market
On the basis of geography, the global 64-bit
computing market is segmented into North America, Europe, Asia Pacific, Latin
America, Middle East, and Africa. North America held a dominant position in the
global 64-bit computing market in 2016 and is projected to retain its dominance
throughout the forecast period. Due to increasing demand for microcontrollers
in photovoltaic systems and smart energy management application is boosting
growth of the market for 64-bit computing in the North America. Additionally,
the increasing penetration of smartphone and tablets and other consumer
electronic devices is creating growth opportunities for the 64-bit computing
market in this region. The U.S. and Canada are the major growth engines in the
region. According to Coherent Market Insights’ analysis, 207 million smartphone
users were recorded in 2016, the number for which is expected to reach up to
264 million smartphone users by 2021. Similarly, in Canada, smartphone user
population is expected to reach 27.3 million by 2021 i.e. 72.2% of the total
population. Asia Pacific 64 bit computing market is expected to exhibit fastest
growth in the near future. Growing automotive and consumer electronics industry
in Asia Pacific countries is a major factor influencing growth of the 64-bit
computing market in this region. Increasing adoption of electronic vehicles in
Asia Pacific is increasing the demand for 64-bit computing. China is the leading
country for the electronic cars worldwide, followed by the U.S.
Key companies in the global 64-bit computing
market
Key players operating in the global 64-bit
computing market include Analog Devices, Inc., Applied Micro Circuits
Corporation, Broadcom Limited, Cavium Inc., Infineon Technologies AG, Intel
Corporation, NVIDIA Graphics Pvt. Ltd, and NXP Semiconductors N.V.
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