Global IOT Chip Market
IoT Chip Market Size And Forecast
According to Verified Market Research, the Global IoT Chip Market was valued at USD 8.80 Billion in 2018 and is projected to reach USD 22.49 Billion by 2026, growing at a CAGR of 12.5% from 2019 to 2026.
Global IoT Chip Market Outlook
The IoT Chip Market is experiencing tremendous growth owing to the increasing demand for consumer electronics and connected devices. In addition, the growing demand for the application-specific microprocessors and system on chip designs are contributing to accelerating the market growth. Moreover, the rising growth for wireless sensor networks is imposing a positive outlook on the market. However, the concerns regarding data security and safety are expected to hamper the market growth.
Global IoT Chip Market Competitive Landscape
The Global IoT Chip Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Renesas Electronics Corporation, Qualcomm Incorporated, Texas Instruments Incorporated, MediaTek Inc., Intel Corporation, NXP Semiconductors N.V., Microchip Technology Inc., STMicroelectronics N.V., Huawei Technologies Co., Ltd., and NVIDIA Corporation.
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