IoT Microcontroller Market Research Report by Type (8-bit, 16 bit and 32 bit.), End-User

Soham03 Dec, 2021Business

The IoT microcontroller market is expected to grow at a higher CAGR of 12% in the global market during the forecasted period to account for a higher market share value of approximately USD 4 billion by the end of the forecasted period (2017-2023). The combination of microcontroller and IoT technology is known as the Internet of Things (IoT). This latest technology requires actuators and sensors to build a strong link between the digital world and the physical world. Both sensors and actuators perform different functions while the sensor converts the physical state into a digital signal or an analog whereas the actuator does the opposite by converting digital signals into physical effects.