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Global IoT Chip Market to Reach $13.5 Billion by 2022 - Analysis By Application & Region - Research and MarketsThe "Global IoT Chip Market - By Application, Region - Market Size, Demand Forecasts, Industry Trends and Updates(2016-2022)" report has been added to Research and Markets' offering. The global IoT chip market was USD 6.37 billion in 2016 and is estimated to reach USD 13.54 billion by 2022, at a CAGR of 13.39% for the forecasted period. North America will be the leader during the period and dominate the market because of increased R&D in IoT and increasing demand for improved lifestyle. However, 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 productiity. Government support would create a big boost towards IoT and thus IoT chip market as well. A proliferation of the network of wireless sensors, technology, 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 big deterrents 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. Companies Mentioned
Key Topics Covered: 1. Research Methodology 2. Executive Summary 3. Market Overview 4. Market Dynamics 5. Global IoT Chip Market Segmentation, Forecasts and Trends - By Revenue 6. By Application 7. By Region 8. Vendor Market Share Analysis 9. Company Profiles 10. Industry Structure 11. Global IoT Chip market - Road Ahead For more information about this report visit https://www.researchandmarkets.com/research/8g6l5q/global_iot_chip View source version on businesswire.com: http://www.businesswire.com/news/home/20170908005375/en/ |
