Semiconductor IP Market to Witness Impressive Growth During 2023-2028

The global semiconductor IP market is estimated to grow from USD 5.58 billion in 2022 to USD 7.74 billion by 2028 at a CAGR of 5.72% during the forecast period. Increasing adoption of connected devices for daily use as well as rise in the demand for electronics from the healthcare industry amid the COVID-19 pandemic along with the surging need for teleconference instruments.