The global IoT semiconductor component market will grow at a CAGR of 19% from $33bn in 2020 to $80 bn in 2025 according to IoT analytics. IoT’s growing usage will force chipmakers to focus on typical necessities. Key customers include big data analytics, mobile communication, gaming, connected and semi-autonomous cars etc. The report added that the number of active IoT device connections grew from 3.6 bn in 2015 to 11.7 bn in 2020.
Singapore-based ABI Research recently released a report on ‘5G in emerging markets’, which has India as one of the focus countries. The CAGR of 5G subscription in the emerging markets is expected to be 26% between 2020-25, whereas global CAGR is only slightly higher 28% in the same period. Changing consumer demographics, an increase of smartphone usage, and affordable 5G devices have led to higher data consumption in emerging markets, which will raise 5G adoption.