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Driven by rising demand for IoT connections among consumer and enterprise sectors due to the rising consumer electronic devices and the need for low-power, high-performance, and energy-efficient connected products, the market is forecasted to Reach ~ US$ 6 Bn by 2028 says Ken Research Study.
A microcontroller unit (MCU) is a small, self-contained computer that comprises a single integrated circuit, or microchip. IoT Microcontrollers are designed to perform specific functions, and they can be integrated into almost anything ranging from industrial equipment, warehouse inventory items, and wearables devices, to home appliances, and much more. The 32-bit MCU is widely preferred and compatible MCU for IoT applications. It processes multiple peripherals efficiently and is extensively used in factory automation and building automation.
According to Ken Research estimates, the Global IoT Microcontroller Market – estimated at ~US$ 3 Bn by 2022 is expected to grow further into a ~US$ 6 Bn opportunity by 2028 – “Ken Research shares 3 key insights on this market from its latest research study”
1. Major Developments and Innovations in the IoT Ecosystem Driving IoT Microcontroller Market Growth
2. Improvements in IoT Technology Contributes to IoT Microcontroller Market Growth
3. Cybersecurity, Device Monitoring and Connectivity is Restraining the Market Growth
For more information on the research report, refer to the below link:-
Global IoT Microcontroller Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
+91-9015378249
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