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Semiconductor IP Market by Form Factor, Design Architecture, Standard IP, Custom IP, Processor Design, Processor Type, Verification IP - Global forecast to 2022

NEW YORK, May 4, 2016 /PRNewswire/ -- "The semiconductor IP market expected to witness significant growth in the coming years owing to the emerging IoT ecosystem"
The semiconductor IP market is expected to reach USD 7.01 billion by 2022 from USD 3.09 billion in 2015, at a CAGR of 10.55% between 2016 and 2022. The advancements in consumer electronics, growing demand for modern SoC chips, mitigation of the continuously rising chip design cost & expenditure, and demand for connected devices are expected to drive the semiconductor IP market during the forecast period.

"Internet of Things (IoT) likely to have new growth opportunities for semiconductor IPs"
The emerging IoT ecosystem is a major area of interest for semiconductor IP players. Over the past two years, they partnered with hardware, networking, and software companies, and a number of industry associations and academic consortiums, to develop formal and informal standards for IoT applications. For instance, AT&T, Cisco, GE, IBM, and Intel cofounded the Industrial Internet Consortium, whose primary goal is to establish interoperability standards across industrial environments so that data about fleets, machines, and facilities can be accessed and shared more reliably.

It is expected that the number of devices connected through IoT would increase from 15...


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