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IoT Microcontroller Market Size, Analytical Overview, Growth, Demand and Trends Forecast to 2026

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Shivani Sharma
IoT Microcontroller Market Size, Analytical Overview, Growth, Demand and Trends Forecast to 2026

The IoT microcontroller market is anticipated to reach over USD 5,170 million by 2026 according to a new research published by Polaris Market Research. In 2017, the 32 bit microcontroller segment dominated the global IoT microcontroller market, in terms of revenue. North America was the leading contributor to the global market revenue in 2017.

 

The growing penetration of mobile devices, and increasing adoption of IoT has primarily driven the growth of the IoT microcontroller market. The rising adoption of virtualization, cloud, and big data analytics has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing automation across diverse industries would accelerate the growth of the IoT Microcontroller market during the forecast period. However, high power consumption, security and privacy concerns, and lack of standardization hinder the market growth. Growing demand from emerging economies, ad technological advancements are expected to provide numerous growth opportunities in the coming years.

 

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North America generated the highest revenue in the market in 2017. The increase in industrial automation, and growing number of mobile devices drive the market growth. The growing trend of BYOD, IoT, big data analytics, and virtualization increases the demand for IoT microcontroller in the region. The growing penetration of mobile devices, and technological advancements further support IoT microcontroller market growth in the region. The increasing spending on smart homes and smart cities in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing automation of industrial processes across various industries in the developing countries of the region.

 

The companies operating in the market include Infineon Technologies, Broadcom Corporation, Microchip Technology, Fujitsu Ltd, Holtek Semiconductor, Silicon Laboratories, Inc, Texas Instruments, NXP Semiconductors N.V, Atmel Corporation, and Espressif Systems Pte. Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Complete Summary with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/iot-microcontroller-market

  • IoT Microcontroller Market Size and Forecast by Application, 2018-2026
    • Consumer Electronics
    • Automotive
    • Healthcare
    • Industrial Automation
    • Smart Homes
    • Others
  • IoT Microcontroller Market Size and Forecast by Region, 2018-2026
    • North America
      • US.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Middle East & Africa

Avail discount on this report @ https://www.polarismarketresearch.com/industry-analysis/iot-microcontroller-market/request-for-discount-pricing

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

Contact us-

Polaris Market Research

Phone: 1-646-568-9980

Email: [email protected]  

Web: www.polarismarketresearch.com

 

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