Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Introduction to Tablet and E-Reader Application Processor Market
The tablet and e-reader application processor is used in the various consumer electronics product which includes tablets and smartphones in order to run the operating system. These software are mainly used for the coding and decoding of the multimedia and it also includes the graphic processing of the media. The application software is primarily responsible for the processing occurring in the mobile applications.
Market Size and Forecast
Currently the global tablet and e-reader application software market is observing vibrant growth on the account of booming consumer electronics industry worldwide coupled with the increasing per capita income of the population. This increases the spending on the electronics items and is anticipated to boost the growth of the overall market during the forecast period.
“In 2017, Qualcomm and Microsoft announce the plans to launch the integration of the Snapdragon and Windows 10 in the laptops.
Tablet and e-reader application processor market is anticipated to record a CAGR of 5% over the forecast period. The tablet and e-reader application processor market is expected to showcase a vibrant growth by the end of the forecast period. The market is segmented on the basis of size, number of cores and application. On the basis of size, it is sub-segmented into 32 bit application processor and 64 bit application processor. On the basis of number of cores, it is sub-segmented into single core and multi core. Multi-core is the major sub-segment of the core segment during the forecast period. On the basis of application, it is sub-segmented into tablets , e-reader and smart phones. Smart phone sub-segment is anticipated to be the leading sub-segment during the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
Growth Drivers
Rising Demand of Smartphones
The increasing demand for the electronics items which includes smartphones on the account of the rising disposable income of the population is anticipated to be the major reason driving the growth of the tablet and e-reader application processor market. For instance, according to U.S. Census Bureau the median household income of the population of the U.S in 2017 is USD 61,372.This is an increase of the 1.73% from 2016.
Widespread Technological Advancement
The increasing technological development in the application software is anticipated to be the major reason for the growth of the overall tablet and e-reader application processor market during the forecast period. For instance, in December 2018, Qualcomm has developed the Snapdragon 855 mobile system on a chip (SOC) which enhances the operating system.
Restraints
Presence of the low cost product
The availability of the low cost substitute products in the market is anticipated to challenge the market growth of the tablet and e-reader application processor.
Market Segmentation
Our-in depth analysis of the global tablet and e-reader application processor market includes the following segments:
By Size:
By Number of Cores:
By Application:
By Region
On the basis of regional analysis, global tablet and e-reader application processor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia-Pacific is anticipated to hold the largest market share for the global tablet and e-reader application processor market during the forecast period. The increasing adoption of the application software in the consumer electronics is anticipated to support the market growth of the overall tablet and e-reader application processor market during the forecast period. North America is anticipated to be the second largest region for the overall market. The highly developed IT industry in the region leads to the increase in the demand for the various electronics gadgets. Additionally, high disposable income of the population in the region is also major reason for the growth of the tablet and e-reader application processor market in the region during the forecast period.
Global tablet and e-reader application processor market is further classified on the basis of region as follows:
Key Players
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