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This article discusses the growth of the Internet of Things (IoT) microcontroller market, which is projected to surpass USD 5,170 million by 2026. The driving factors behind this growth include the increasing penetration of mobile devices, the broader adoption of IoT across industries, and technological advancements. The dominance of 32-bit microcontrollers, particularly in North America, is also a key factor in the market’s ascent. However, challenges such as security concerns must be addressed, and there are numerous growth opportunities on the horizon.
