Artificial Intelligence
Digital Signal Processor Market worth $14.7 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 23, 2024 /PRNewswire/ — The Digital Signal Processor market is projected to grow from USD 10.1 billion in 2024 and is estimated to reach USD 14.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the Digital Signal Processor market is driven by surging adoption of Internet of Things (IoT) and connected devices; increasing trend of digital signal processing in automotive industry; improvements in 5G technology and development of advanced communication infrastructure; and rising demand for Voice over Internet Protocol (VoIP) and Internet Protocol (IP) video services.
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Browse in-depth TOC on “Digital Signal Processor Market”
250 – Tables75 – Figures320 – Pages
Digital Signal Processor Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 10.1 billion
Estimated Value by 2029
$ 14.7 billion
Growth Rate
Poised to grow at a CAGR of 7.8%
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 Core, Configuration, Type, Category, IC Design, Application, End-User Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Navigating complexity and security challenges
Key Market Opportunities
Increasing demand for DSP chips in consumer electronics industry
Key Market Drivers
Surging adoption of Internet of Things (IoT) and connected devices
By core, Multi Core DSPs segment is projected to grow at a high CAGR of Digital Signal Processor market during the forecast period.
Multi-core Digital Signal Processors (DSPs) are revolutionizing the automotive industry by handling critical tasks like engine control, noise cancellation, and advanced driver-assistance systems (ADAS) in modern vehicles. As single-core DSPs face limitations due to increasing technological demands, multi-core DSPs offer enhanced performance through parallel processing, enabling real-time analysis and manipulation of audio signals for features like active noise cancellation. Their ability to create virtual partitions ensures the separation of safety-critical functions from non-critical ones, enhancing reliability and safety in automotive systems. Additionally, multi-core DSPs support mixed-criticality applications, simplifying development and certification processes while meeting stringent automotive safety standards like ISO 26262. Despite challenges like development complexity and safety considerations, multi-core DSPs provide future-proofing capabilities and are poised to play a vital role in delivering advanced features and functionalities in next-generation vehicles, making them indispensable in shaping the automotive industry’s technological advancements.
High-end segment in configuration will account for highest CAGR during the forecast period.
High-end Digital Signal Processors (DSPs) stand out in the market for their exceptional processing power, achieved through multi-core architectures, advanced instruction sets, and high clock speeds, enabling them to handle complex algorithms and real-time computations efficiently. These DSPs excel in high-performance computing tasks like real-time audio and video processing, medical imaging, and telecommunications infrastructure, leveraging parallel processing techniques for enhanced computational throughput. Customizable architectures, integration of peripheral interfaces, low latency, power efficiency, and robust security features further differentiate high-end DSPs, making them ideal for demanding applications across various industries like telecommunications and healthcare.
Application-specific DSPs in type segment in Digital Signal Processor market will account for the highest CAGR during the forecast period.
Application-specific DSPs find extensive use in areas such as automotive systems, consumer electronics, medical devices, and industrial automation. The increasing complexity and specialization of end-user applications, as well as the need for efficiency and performance gains within targeted domains are fueling the demand for application-specific DSPs. As industries continue to demand customized solutions to address specific challenges and requirements, the demand for application-specific DSPs is expected to grow.
Floating-point DSPs in category segment in Digital Signal Processor market will account for major market share during the forecast period.
Floating-point DSPs are a critical component of the digital signal processing market. The representation and manipulation of rational numbers using a minimum of 32 bits in floating-point DSPs are crucial for achieving high precision and dynamic range in signal processing tasks. By employing a format akin to scientific notation, with separate components for the mantissa and exponent, floating-point DSPs can accurately handle a wide range of numerical values, spanning from very small to very large magnitudes. This capability is essential in applications such as audio and video processing, scientific computing, and telecommunications, where precise representation and manipulation of data are paramount. Additionally, the ability to accommodate a broad spectrum of numerical values ensures that floating-point DSPs can effectively address the diverse computational requirements of modern signal processing algorithms across various industries, ultimately contributing to improved performance and efficiency in signal processing applications. Additionally, the increasing complexity of signal processing algorithms in fields such as wireless communication, multimedia, and radar systems drives the adoption of floating-point DSPs. These processors can efficiently handle complex algorithms and computations, meeting the evolving requirements of modern applications.
Embedded in IC Design segment is expected to account for the largest share during the forecast period.
Embedded Integrated Circuits (ICs) serve as invaluable companions to Digital Signal Processors (DSPs), enhancing their capabilities. Embedded ICs, like a talented supporting cast, handle essential behind-the-scenes work such as memory management, peripheral interfacing, and low-power operations. By offloading these tasks, the DSP can dedicate its processing power to core functions, improving overall system efficiency. Additionally, embedded ICs add functionality to DSP systems, acting as specialized tools like Analog-to-Digital Converters (ADCs) and Digital-to-Analog Converters (DACs). These tools enable the DSP to work with real-world signals effectively, making the system more comprehensive and capable. In essence, embedded ICs make DSPs more well-rounded by optimizing resource allocation and providing essential features for a fully functional system.
Audio Processing segment in DSP Market will account for largest share during the forecast period.
Audio processing stands as the dominant force within the Digital Signal Processor (DSP) market. This segment thrives on the escalating demand for immersive and high-fidelity audio experiences across consumer and professional domains. DSPs are essential in this realm due to the challenges posed by digital audio, such as noise, distortion, and other imperfections. They excel in tasks like noise reduction, equalization (EQ) for compensating speaker limitations, echo cancellation crucial for clear communication, audio enhancement with effects like reverb and spatial audio, and compression/decompression for efficient storage and transmission. Applications span across consumer electronics like smartphones, headphones, and TVs, where DSPs enhance audio quality and enable immersive experiences. In professional audio, DSPs power studio equipment for recording and mastering, live sound reinforcement systems, and broadcasting equipment for noise-free transmission. Growth is fueled by the demand for premium audio experiences, the proliferation of connected devices, and advancements in audio technologies like AI-powered processing and low-power DSPs, ensuring a dynamic and promising future for this segment within the DSP market.
Healthcare in end-user industry segment in Digital Signal Processor market will account for the highest CAGR during the forecast period.
Digital Signal Processors (DSPs) are revolutionizing the healthcare sector with their diverse applications, significantly enhancing diagnostics, medical devices, and biomedical research. In medical imaging, DSPs are indispensable for processing raw data from imaging machines like MRIs and CT scanners. They excel in tasks such as filtering noise, enhancing signals, and reconstructing detailed images critical for accurate disease diagnosis. Moreover, DSPs play a pivotal role in signal processing for diagnostics, particularly in analyzing weak electrical signals from the heart (ECG) and brain (EEG). By filtering noise and extracting key features, DSPs aid in diagnosing cardiac arrhythmias, epilepsy, and other neurological conditions. This principle extends to other diagnostic applications such as EMG for muscle function assessment and pulse oximetry for blood oxygen monitoring. Additionally, DSPs are integral to various medical devices and equipment, from modern hearing aids that personalize listening experiences to pacemakers and defibrillators that regulate heart rhythm with precision. Furthermore, DSPs contribute significantly to biomedical research by enabling signal analysis, feature extraction, and pattern recognition, driving advancements in drug discovery, disease understanding, and personalized medicine approaches. Overall, DSPs’ high-speed, accurate processing capabilities are transforming healthcare, enhancing diagnostics, improving medical devices, and accelerating biomedical research for better patient outcomes.
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Asia Pacific will account for the highest CAGR during the forecast period.
The Digital Signal Processor industry in the Asia Pacific region is experiencing significant growth, primarily fueled by the telecommunications sector’s due to rapid advancement in 5G technology. China and Japan are leading in 5G deployment, closely followed by India, driving the demand for DSPs. The APAC market is driven by the telecom sector’s high-speed internet needs and the increasing demand for advanced network infrastructure. As per GSMA’s “The Mobile Economy Asia Pacific 2023” report, the anticipated economic contribution of 5G to the Asia Pacific region in 2030 stands at a significant USD 133 billion, comprising over 13% of the total economic influence of mobile technology. In India, burgeoning opportunities in the telecom sector are propelling growth, driving the DSP market upward. Simultaneously, the surge in industrial automation across the Asia Pacific region is amplifying the demand for DSPs.
Key Players
Key companies operating in the Digital Signal Processor companies are Analog Devices, Inc. (US), Microchip Technology Inc. (US), Texas Instruments Incorporated (US), NXP Semiconductors (Netherlands), Marvell (US), Qualcomm Technologies, Inc. (US), Cirrus Logic, Inc. (US), STMicroelectronics (Switzerland), TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan), Infineon Technologies AG (Germany), and Broadcom (US) among others.
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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.
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
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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.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
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Bringing Everyone Together for UEFA EURO 2024™
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About Toshiba TV:
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