IoT Chips Market Size, Key Drivers, Challenges, and Projections by...

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2024-06-20 19:42:43 - Translate -

IoT Chips Market Size, Key Drivers, Challenges, and Projections by 2031

Market Scope and Growth Drivers The IoT chips market size which reached a valuation of USD 466.8 billion in 2023 and is projected to achieve USD 755.4 billion by 2031, experiencing a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031, is driven by several key factors. One significant driver is the increasing adoption of IoT devices across various sectors such as...

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