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Global IoT Chip Market Worth USD 9.32 Billion by 2022 - Heavy Investments in R&D from APAC - Research and Markets

[May 09, 2016]

Global IoT Chip Market Worth USD 9.32 Billion by 2022 - Heavy Investments in R&D from APAC - Research and Markets

Research and Markets has announced the addition of the "Global IoT Chip market - By Application, Regions and Players - Market Size, Demand Forecasts, Industry Trends and Updates (2015-2022)" report to their offering.

The global IoT chip market was USD 4.71 billion in 2015 and is estimated to reach USD 9.32 billion by 2022, at a CAGR of 10.27% for the forecasted period.

North America is expected to emerge as the leader in the segment during the period and dominate the market because of increased R&D in IoT and increasing demand for improved lifestyle. Interestingly, the highest growth is forecasted to be witnessed by the APAC market due to heavy investments in R&D to adopt the Internet of Things.

The growing popularity of IoT and the increasing adoption of smart watches has been one of the major drivers for growth in the wearable device segment. Governments across the globe have been supporting and funding the initiative at mass scale to promote productvity. Government support would create a big boost towards IoT and, thus, the IoT chip market as well. A proliferation of the network of wireless sensors, technology, and smart consumer applications are some of the other drivers of this market.

A lack of communication standard across platforms, technology barriers and market fragmentation have proven to be a big deterrent for the IoT which, in turn, has affected the IoT chip market as well. Privacy and security are also some concerns that might hold back the otherwise high-potential market.

Key Topics Covered:

1. Market Size, Demand Forecasts, Industry Trends and Updates (2015-2022)

2. Market Overview

3. Market Dynamics

4. Global IoT Chip Market Segmentation, Forecasts and Trends - by Revenue

5. By Application

6. By Region

7. Vendor Market Share Analysis

8. Company Profiles

9. Industry Structure

10. Industry M&As, Consolidations

11. Investment Opportunities