Publishing its oracles in a tome with the catchy title "Global Semiconductor Memory IP Market 2017-2021" report to their offering, Research and Markets thinks that sales of semiconductor memory IP licences to fabless companies as well as IDMs and foundries for designing and manufacturing semiconductor devices will rise. These semiconductor devices are used in applications such as automotive, consumer electronic devices, and industrial automation. 

The latest trend gaining momentum in the market is emergence of IoT. IoT involves M2M communication, enabling devices to exchange and act upon information by eliminating human-to-human or human-to-computer interaction. According to networking equivalent, Metcalfe's Law, formulated by Robert Metcalfe, the value of a telecommunication network is proportional to the square of the number of devices connected to it.

According to the report, one of the major drivers for this market is growing demand for mobile devices. Consumer electronic devices such as laptops, smartphones, and tablets have witnessed significant growth in the last decade. The growth in the semiconductor industry is proportional to the growth in the consumer electronics industry. Mobile computing devices include smartphones, tablets, and wearables.