The global IoT chip market is on a trajectory to exceed US$ 4.4 billion by 2023 and is expected to exhibit remarkable growth at a CAGR of 5.7% through 2033, reaching a staggering US$ 7.69 billion. This surge can be attributed to the increasing prevalence of internet connectivity in technologically advanced nations and the emergence of cost-effective …
Tag Archives: IoT Chip Market Size
Global IoT Chip Market Set to Reach $7.69 Billion by 2033, Driven by Technological Advancements and IoT Adoption
The global IoT chip market is on a trajectory to exceed US$ 4.4 billion by 2023 and is expected to exhibit remarkable growth at a CAGR of 5.7% through 2033, reaching a staggering US$ 7.69 billion. This surge can be attributed to the increasing prevalence of internet connectivity in technologically advanced nations and the emergence of cost-effective …
Global IoT Chip Market Set to Reach $7.69 Billion by 2033, Driven by Technological Advancements and IoT Adoption
The global IoT chip market is on a trajectory to exceed US$ 4.4 billion by 2023 and is expected to exhibit remarkable growth at a CAGR of 5.7% through 2033, reaching a staggering US$ 7.69 billion. This surge can be attributed to the increasing prevalence of internet connectivity in technologically advanced nations and the emergence of cost-effective …
COVID-19 has a negative impact on the market for IoT chips, and projects for the period of 2022 to 2032 indicate that the market will remain dormant
According to Future Market Insights (FMI), the IoT Chip market is forecasted to reach a net worth of US$ 735.6 Bn in 2032, increasing from US$ 415 Bn in 2021. The global IoT chip market is predicted to witness a moderate CAGR of 5.3% over the forecast years. Attributes Details IoT Chip Market CAGR (2022-2032) 5.3% IoT …