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Current Trend of IoT Chip & Modules – Complete Guide, Business Opportunity & Market Insights 2018
Currently, new IoT -based products & large investments by the industry giants in IoT would create demand for more IoT chips & create business growth. For complete update, download free sample PDF, click here:The IoT chip market for memory devices is expected to grow at the highest rate during the forecast period. As a huge amount of data is generated from IoT devices, there would be high requirement of processors to process and manage this data.
Also, low-cost, secure, and embedded nonvolatile memory (NVM) for code storage, sensor trimming, device configuration, security keys, and other storage functions would be in demand while processing and executing the data generated from these IoT devices.
The major factor driving the growth of this market is the rise of new segments in the automotive and transportation sector such as connected cars and intelligent transportation systems (ITS) with the advancement of IoT.
The wide-scale adoption of IoT technologies in several industries such as automotive and transportation, building automation, and consumer electronics is the key factor supporting the growth of the IoT chip market.
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