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The IoT microcontroller market is expected to grow due to the development of wireless communication technologies, such as 5G and Wi-Fi 6, which allow for more efficient and seamless communication between IoT devices. These technologies also require microcontrollers with advanced processing power and networking capabilities to handle increased data traffic and ensure secure connections. Wi-Fi 6, in particular, is a significant factor in the growth of the market due to its strong security features and improved performance in densely populated areas.