When it comes to tablet processors, there are the chips that power the iPads, and then there are other competing solutions from a number of vendors like Qualcomm, Nvidia, Intel and friends.

And market research firm Strategy Analytics has been keeping an eye on these numbers.

In its latest report, the firm revealed that the tablet processor market grew by 30 percent year-over-year and in the process reached $1.2 billion in the third quarter of 2013. Apple, Qualcomm, Intel, Samsung along with MediaTek are noted as the major players.

Apple grabbed a 40 percent revenue slice of the pie, while Qualcomm helped itself to 13 percent. Intel was good enough for an 8 percent revenue share in this time frame.

According to senior analyst Sravan Kundojjala:

“Qualcomm rose to the number two position in tablet applications processors in Q3 2013 in revenue terms, thanks to its Google Nexus 7 2013 and Amazon Kindle Fire HDX design-wins. This is quite a dramatic change in position as the company hadn’t even made it to the top-five just two quarters ago.”

Microsoft and Nokia, both, have placed the latest Qualcomm chips in their newer tablets.

Redmond’s OEM partners, however, are more inclined towards Intel solutions that can run the pro flavor of Windows 8.1, and several new slates have hit store shelves in recent weeks at various price points and offering diverse feature sets.

But one thing is pretty much a given now. These processors maker have every chance to maintain and improve their potential in this rapidly growing market.

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