Global IoT Microcontroller Market Size & Share To Hit US$ 5,170 Million by 2026, with a 9.7% CAGR Growth: Industry Trends & Forecast

The global IoT Microcontroller Market size was valued at USD 2,255 Million in 2017 and is anticipated to reach USD 5,170 Million by 2026, to grow at a CAGR of 9.7% during the forecast period.

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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What Does the Report Include?

  • Status of the IoT Microcontroller Market in world view.
  • Top companies operating in the market.
  • Import-Export policies regarding the products/services in the IoT Microcontroller Market.
  • Research and development activities.
  • Major research agenda in industry segments.
  • Segmentation according to application, type, and geography.
  • Comparative study of the domestic and international prices of the products and services and related price fluctuations.
  • Worldwide IoT Microcontroller Market’s driving forces and roadblocks

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. 

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Key Offerings:

  • Market Size & Forecast by Revenue
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis by Component, by Type, by Deployment Mode, by Vertical, and by Geography
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Moreover, the research reviewer has also explained the impact of the Covid-19 outbreak on the global IoT Microcontroller Market and related factors including supply chain analysis, effect estimations on target market size growth rates in various scenarios, and the steps that major firms would take in reaction to the epidemic. The report then focuses on regional and application markets along with existing and future trends. The historical evaluation given in this report supports demand growth at the global, national, and regional levels. Web communities, online forums, surveys, and interviews are utilized to acquire data for the market study report.

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