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The Worldwide Smartphone Application Processor Industry is Expected to Reach $29.14 Billion by 2027

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Dublin, Nov. 10, 2022 (GLOBE NEWSWIRE) — The “Global Smartphone Application Processor (AP) Market: Analysis By Operating System (Android, iOS, and Others), By Application (Camera, Gaming, Photo and Video Editing, and Others), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global smartphone application processor market in 2021 was valued at US$15.95 billion. The market is expected to reach US$29.14 billion by 2027.

A smartphone application processor is a system that contains a chip which assists the smartphones operating system. The performance of the smartphone is at the optimal level with the use of an application processor. Smartphone experience of the customers is increasing due to the use of advanced processors.

Technological advancements make processors better for smartphones. The key players are launching premium processors that come with high-end features such as the launch of the Octa-core processor. Therefore, technological advancements and rapid innovations are expected to expand the demand for smartphone application processors in the forthcoming years. The market is expected to grow at a CAGR of approx. 10.6% during the forecasted period of 2022-2027.

Market Segmentation Analysis:

  • By Operating System: The report provides the bifurcation of the market into three segments based on the operating system: Android, iOS, and Others. In 2021, android held a major share of 71.4% in the market. On the other hand, the iOS segment is expected to grow at the highest CAGR in the forthcoming years on account of growing popularity of iPhone devices and rising demand for Apple smartphones by young generation across the world.
  • By Application: The report further provides the segmentation based on the application: Camera, Gaming, Photo & Video Editing, and Others. The camera held the highest share of more than 35% in the market. The market’s expansion is aided by the growing demand for advanced features from growing base of tech-savvy consumers such as enhanced camera functionality, high end graphics, long battery life, etc.
  • By Region: The report provides insight into the smartphone application processor market based on the regions namely North America, Asia Pacific, Europe, and the Rest of the World. North America held the major share of above 38% in the market owing to rise in the adoption of smartphones, advancements in technological to sustain the consumer demand for smartphones and the presence of leading manufacturers of smartphones in the region.

In Asia Pacific, China held almost 52% share in the market owing to the rise in spending, consistent advancement in smartphone technology and growing emphasis on powerful processors. Whereas, in Europe, Germany is expected to be the fastest growing region in the forecasted period.

Market Dynamics:

  • Growth Drivers: The global smartphone application processor market has been growing over the past few years, due to factors such as increasing number of smartphone users, rise in consumer spending, mounting penetration of internet, rapid urbanization, and many other factors. With rapid urbanization and a rise in consumer spending, it is observed that both individuals are rapidly becoming tech savvy and are preferring to buy smartphones with advanced features, which is leading to rising demand for smartphone application processors. Thus, rapid urbanization and a rise in consumer spending have positively contributed to the market growth.
  • Challenges: However, the market has been confronted with some challenges specifically, high cost associated with development and operations, performance and heating related problems, constantly changing requirements of the processors, etc.
  • Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as growing execution of artificial intelligence in smartphones, accelerating adoption of 5G technology, technological advancements and rapid innovations, etc. The smartphone manufacturers are increasingly deploying the 5G processors to serve the increasing demand and changing customer preferences. Moreover, the intensive utilization of IoT devices, increasing utilization in automated factories, the higher number of streaming content are expected to present lucrative opportunities for the overall demand growth of the 5G processor in coming years. Hence, with accelerating adoption of 5G technology, the demand for 5G attached application processor is increasing, thus booting the overall market growth.

Impact Analysis of COVID-19 and Way Forward:

In 2020, the outbreak of COVID-19 weakened the demand of smartphones due to halted production activities, and as people started budgeting and shopped less during the pandemic phase. This decline in smartphone production directly affected the demand of application processors as a smartphone processor is a central hub of the smartphone and is directly responsible for the performance of the device. However, after the relaxation of the lockdown, the industry responded positively to the crisis. The technological innovations have also helped smartphone application processor retailers to align with safety regulations in stores.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis
3.1 Global Smartphone Application Processor Market: An Analysis
3.1.1 Global Smartphone Application Processor Market: An Overview
3.1.2 Global Smartphone Application Processor Market by Value
3.1.3 Global Smartphone Application Processor Market by Operating System (Android, iOS, and Others)
3.1.4 Global Smartphone Application Processor Market by Application (Camera, Gaming, Photo & Video Editing, and Others)
3.1.5 Global Smartphone Application Processor Market by Region
3.2 Global Smartphone Application Processor Market: Operating System Analysis
3.2.1 Global Smartphone Application Processor Market by Operating System: An Overview
3.2.2 Global Android Smartphone Application Processor Market by Value
3.2.3 Global iOS Smartphone Application Processor Market by Value
3.2.4 Global Other Smartphone Application Processor Market by Value
3.3 Global Smartphone Application Processor Market: Application Analysis
3.3.1 Global Smartphone Application Processor Market by Application: An Overview
3.3.2 Global Camera Smartphone Application Processor Market by Value
3.3.3 Global Gaming Smartphone Application Processor Market by Value
3.3.4 Global Photo & Video Editing Smartphone Application Processor Market by Value
3.3.5 Global Others Smartphone Application Processor Market by Value

4. Regional Market Analysis
4.1 North America Smartphone Application Processor Market: An Analysis
4.1.1 North America Smartphone Application Processor Market: An Overview
4.1.2 North America Smartphone Application Processor Market by Value
4.1.3 North America Smartphone Application Processor Market by Region
4.1.4 The US Smartphone Application Processor Market by Value
4.1.5 Canada Smartphone Application Processor Market by Value
4.1.6 Mexico Smartphone Application Processor Market by Value
4.2 Asia Pacific Smartphone Application Processor Market: An Analysis
4.2.1 Asia Pacific Smartphone Application Processor Market: An Overview
4.2.2 Asia Pacific Smartphone Application Processor Market by Value
4.2.3 Asia Pacific Smartphone Application Processor Market by Region
4.2.4 China Smartphone Application Processor Market by Value
4.2.5 Japan Smartphone Application Processor Market by Value
4.2.6 South Korea Smartphone Application Processor Market by Value
4.2.7 Rest of Asia Pacific Smartphone Application Processor Market by Value
4.3 Europe Smartphone Application Processor Market: An Analysis
4.3.1 Europe Smartphone Application Processor Market: An Overview
4.3.2 Europe Smartphone Application Processor Market by Value
4.3.3 Europe Smartphone Application Processor Market by Region
4.3.4 Germany Smartphone Application Processor Market by Value
4.3.5 Italy Smartphone Application Processor Market by Value
4.3.6 The UK Smartphone Application Processor Market by Value
4.3.7 France Smartphone Application Processor Market by Value
4.3.8 Rest of Europe Smartphone Application Processor Market by Value
4.4 Rest of World Smartphone Application Processor Market: An Analysis
4.4.1 Rest of World Smartphone Application Processor Market: An Overview
4.4.2 Rest of World Smartphone Application Processor Market by Value

5. Impact of COVID-19
5.1 Impact of COVID-19 on Smartphone Application Processor Market
5.1.1 General Impact
5.1.2 Impact of COVID-19 on Smartphone Sales
5.1.3 Post-COVID Scenario

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Increasing Number of Smartphone Users
6.1.2 Rise in Consumer Spending
6.1.3 Mounting Penetration of Internet Users
6.1.4 Rapid Urbanization
6.1.5 Supportive Government Initiatives
6.2 Challenges
6.2.1 High Cost Associated with Development and Operations
6.2.2 Performance And Heating Related Problems
6.2.3 Constantly Changing Requirements of the Processors
6.3 Market Trends
6.3.1 Growing Execution of Artificial Intelligence in Smartphones
6.3.2 Accelerating Adoption of 5G Technology
6.3.3 Escalating Penetration of Mobile E-Commerce
6.3.4 Rising Trend of Connected IoT Devices
6.3.5 Technological Advancements and Rapid Innovations

7. Competitive Landscape
7.1 Global Smartphone Application Processor Players by Market Share

8. Company Profiles
8.1 Qualcomm Inc.
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 MediaTek Inc.
8.2.1 Business Overview
8.2.2 Operating Regions
8.2.3 Business Strategy
8.3 Apple Inc.
8.3.1 Business Overview
8.3.2 Operating Segment
8.3.3 Business Strategy
8.4 Samsung Electronics Co., Ltd.
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy
8.5 Huawei Technologies Co., Ltd.
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy
8.6 Lenovo Group Limited
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy
8.7 Intel Corporation
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy
8.8 Nvidia Corporation
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy
8.9 Broadcom Inc.
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy
8.10 Advanced Micro Devices, Inc.
8.10.1 Business Overview
8.10.2 Operating Segments
8.10.3 Business Strategy
8.11 Renesas Electronics Corporation
8.11.1 Business Overview
8.11.2 Operating Segments
8.11.3 Business Strategy
8.12 Texas Instruments Incorporated
8.12.1 Business Overview
8.12.2 Operating Segments
8.12.3 Business Strategy
8.13 Unisoc Technology Co., Ltd.
8.13.1 Business Overview
8.13.2 Business Strategy

For more information about this report visit https://www.researchandmarkets.com/r/1lday7


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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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