Type of Article: MacTech Blog

Semiconductor revenue worldwide will see improved growth this year of 6.9% and reaching US$320 billion according to the mid-year 2013 update of the “Semiconductor Applications Forecaster” (SAF) from International Data Corporation (IDC).

The SAF also forecasts that semiconductor revenues will grow 2.9% year over year in 2014 to $329 billion and log a compound annual growth rate (CAGR) of 4.2% from 2012-2017, reaching $366 billion in 2017, according to the research group (www.idc.com).

Annual shipments of 802.15.4-enabled devices are forecast to grow more than 5X from 2012 to 2018, with a CAGR [compound annual growth rate] of over 30%, reports ABI Research (www.abiresearch.com). ZigBee continues to be the primary driver toward standardization and interoperability and will see further strong growth across many markets, accounting for almost 80% of total 802.15.4-enabled device shipments in 2018, according to the research group.

The adoption of mobile devices for personal use is well documented but less is known about their use at work. An “IDG Global Solutions” (IGS) survey found a growing overlap between home and work use among participants in 43 countries.

According to Research and Markets (www.researchandmarkets.com) the global facial recognition market will grow at a CAGR [compound annual growth rate] of 24.5% through 2016.

One of the key factors contributing to this market growth is the increasing high security requirement in government departments. The global facial recognition market has also been witnessing an increased number of mergers and acquisitions, says Research and Markets. However, facial recognition systems are not always accurate and this could pose a challenge to the growth of this market, according to the research group.