The Internet of Things is expected to be a boon for many technology providers. IDC analysts said that the revenue of the Internet of Things could reach 710 billion U.S. dollars by 2020. According to Gartner analysts, communications and sensors will benefit significantly next year, largely due to IoT innovation in the automotive and consumer markets. Gartner predicts that the semiconductor market in the IoT segment will grow by 36.2% in 2015. Processed products, including microcontrollers and embedded processors, will be the largest segment of the Internet of Things, and sensors will grow fastest.
Dean Freeman, head of research at Gartner Research, said in a statement: "Predicting IoT semiconductor revenue by nearly 30% by 2020. Some industry sources believe this growth will change the semiconductor industry, but further investigation It shows that cheap equipment is one of the biggest promoters of the Internet of Things." In the automotive industry, safety production regulations and more autonomous vehicles are driving demand for semiconductor-based semiconductor products. LED lighting, wearable devices such as smart glasses and smart watches, and consumer demand for improved lifestyle will also drive semiconductor sales.
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