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NEW YORK, Dec. 3, 2021 /PRNewswire/ — Some of the primary growth drivers for the IoT chip market are the increasing number of smart devices and applications, increasing adoption of M2M connections, and governments and financial institutions investing in IoT ecosystem development. However, factors such as privacy and security concerns may hamper market growth.
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According to Technavio, the IoT chip market size is expected to grow by USD 10.37 bn from 2020 to 2025. The growth momentum of the market is expected to accelerate at a CAGR of 13.59%. The IoT chip market is expected to post a year-over-year growth rate of 12.77%.
Market Segmentation Highlights
Regional Analysis
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IoT Chip Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.59% |
Market growth 2021-2025 |
USD 10.37 billion |
Market structure |
Fragmented |
YoY growth (%) |
12.77 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 46% |
Key consumer countries |
US, China, UK, Japan, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Cypress Semiconductor Corp., Huawei Investment and Holding Co. Ltd., Intel Corp., Marvell Technology Group Ltd., MediaTek Inc., Microchip Technology Inc., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., and Texas Instruments Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Email: media@technavio.com
Website: www.technavio.com/
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