Microcontroller Giants are Joining Together to Build Chips World Wide
While reports vary, the Internet-of-Things industry has well over 5 billion connected devices and is growing so fast, that no one can keep up. Estimates of the market share for IoT-related industries is well into the $4 – 11 trillion range over the next 3 years. The consumer sector in IoT is the fastest growing section of the market, and with good reason, it also has the most products. Electricity, gas, steam, and AC as well as manufacturing a much smaller portion of the industry, even though they are significant factors to growth. Right now there are over 400 active IoT platforms worldwide, with 152,000 IoT devices connecting to the internet every minute. The developments in IoT are growing with the sector. |