“Rapid technological innovation in the last two decades has driven significant growth in the semiconductor industry, with total sales increasing from $51 billion in 1990 to $336 billion in 2014.
While growth in the 1990’s was mainly driven by the advent of the PCs and then the Internet, growth from the turn of the century was driven by the emergence of mobile phones. In the last few years, the growing popularity of smartphones and tablets has been the primary growth driver for the semiconductor industry. Now, as these two drivers achieve wide penetration, a nascent technology emerges as the next major engine of growth, one that by its nature is to be widely deployed. It is the Internet-of-Things (IoT) that we and others see as the next major driver of growth for the semiconductor industry.” Read More at Trefis.com