Global $357 Bn IoT Chip Market Size, Share, Trends, Opportunities, and Forecasts, 2018-2023 and 2023-2028F - ResearchAndMarkets.com
The proliferation of IoT devices and applications is a primary driver of the global IoT chip market.
- The proliferation of IoT devices and applications is a primary driver of the global IoT chip market.
- As the number of IoT devices continues to grow, so does the demand for IoT chips.
- Advancements in wireless connectivity technologies, such as 5G, Wi-Fi 6, and low-power wide-area networks (LPWAN), are driving the IoT chip market.
- The integration of edge computing and artificial intelligence (AI) into IoT devices is another driver of the IoT chip market.