For those who are unfamiliar, Connectivity is a key capability required in IoT applications, both for consumer and enterprise infrastructure devices.
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| Activity tracker. |
One can observe that, the growing popularity of Internet of Things
and the increasing adoption of smart watches and activity trackers in the
consumer markets are the major factors driving the growth of the wearable
device market.
When it comes to the IoT chip market, many in the industry believe that, the marketit
is expected to witness growth in healthcare, consumer electronics, building
automation, industrial, and automotive & transportation applications.
In terms of powerful initiatives, China, India, and Japan are deeply making
heavy investments in R&D to encourage the adoption of Internet of Things in
the region.
According to Research and Markets, the IoT chip market size, in terms of value,
is expected to grow from USD 4.58 billion in 2015 to USD 10.78 billion by 2022,
at a CAGR of 11.5% between 2016 and 2022.