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Maxim’s New SIMO PMICs to Enhance IoT Devices’ Efficiency
Market Growth ProspectsInternet of Things (IoT) devices have been gaining significant traction in recent times.Per IOT Analytics, the number of IoT devices that are active is expected to grow from 7 billion in 2018 to 10 billion by 2020 and 22 billion by 2025, including devices on the consumer and enterprise side.IoT has been successful in making an impact across all end markets, including industrial, health care and retail platforms. Per a research report from Frost and Sullivan, IoT in healthcare is gaining significant momentum and is expected to reach $72 billion by 2021 alone.Maxim is well poised to cater to growing needs in this domain on the back of its robust product portfolio, strengthening IoT capabilities and key offerings.
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