IC Insights Trims IoT Chip Market Forecast

MADISON, Wis. — Although the electronics industry has hardly completed the hype cycle for the Internet of Things (IoT), it’s beginning to face reality. IC Insights, for one significant example, just released an updated IoT semiconductor market report in which it has trimmed back its own forecast.

IC Insights reduced the IoT semiconductor market’s projected compound annual growth rate (CAGR) — between 2014 and 2019 — from an original projection of 21.1 percent to 19.9 percent.

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