The 64bit Computing Market to Witness Robust Growth in North America and Asia Pacific

 

A bit is a binary digit, the smallest increment of data on a computer. A bit can hold only one of two values: 0 or 1, corresponding to the electrical values of off or on, respectively. 64-bit refers to the number of bits that can be processed or transmitted in parallel, or the number of bits used for single element in a data format. A 64bit system can access 264 memory addresses, i.e. actually 18-Quintillion bytes of RAM, whereas a 32bit system can access 232 memory addresses. A 64bit processor is more capable than a 32bit processor because it can handle more data at once. The 64bit computing market is witnessing robust growth owing to the increasing demand for 64bit computing, worldwide.

There is an increasing demand for 64bit Computing Market in the automotive industry. Advanced technologies such as lane departure warning, parking assistance, and collision avoidance systems require instillation of 64bit processors for smooth functioning. Thus, with increasing adopting of these technologies, the demand for 64bit computing is also increasing, which, in turn, is driving the 64bit computing market growth. According to International Energy Agency (IEA), in 2019, sales of electric vehicles topped 2.1 million worldwide, surpassing 2018, to boost the stock to 7.2 million electric cars. Thus, the 64bit computing market is expected to grow with the rapid growth of the automotive industry.

Moreover, 64bit processors are widely used in various end-use industries, such as automotive, communication, consumer electronics, industrial, medical devices, and military & defense, among others. Thus, there is an increasing demand for 64bit processors from the end-use industries. The increasing penetration of tablets and smartphone, as well as other consumer electronics, is also expected to accelerate the 64bit computing market growth. The number of smartphone users worldwide surpassed 3 billion mark and the number is expected to grow further led by India, China, and the United States.

The growth of the 64bit computing market, in North America and the Asia Pacific, is mainly driven by the increasing demand for 64bit processors from the consumer electronics and automotive industries. According to the India Brand Equity Foundation (IBEF), India became the fourth largest auto market in 2019 displacing Germany with about 3.99 million units sold in the passenger and commercial vehicles categories. Moreover, India is expected to displace Japan as the third largest auto market by 2021. Furthermore, in Asia Pacific, there is an increasing demand for 64bit computing due to increasing adoption of electronic vehicles.