London, 16 December 2015: Technavio, the independent tech-focused global research firm, has published a report on the global communication processor market 2015-2019, which is expected to grow at a CAGR of 4.86% during the forecast period of 2014-2019.
The growth of the communication processor market is attributed to the increasing sales of mobile devices that accommodate communication processors to provide varied functionalities and enable mobility of the device. The communication processor market is primarily driven by the rising need for multi-functionality on a device. It leads to the increasing demand for wireless computing devices.
Segmentation by Application
Source: Technavio, 2015
“Proliferation of the IoT will trigger demand for thin, small, transparent and portable devices with compatible communication processors. With interconnected devices in play, communication processors will have a crucial role in the flourishing IoT. Devices would be able to communicate with each other and bring further optimization to user experience,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Increased adoption of smartphones and tablets
- Industry automation
- Growth in data traffic
Key Market Trends
- Increasing demand for flexilbe technology
- Emergence of wearables
- Internet of Things
Key Market Vendors
- Avago Technologies
- Freescale Semiconductor
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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