Very significant among these is the emerging Internet of Things (IoT) market, which has grown on the back of cloud storage and the growing interconnectedness of things. IDC estimates that the market will grow at a 7.9% CAGR from 2013 to 2020. Prime beneficiaries in the semiconductor industry are likely to be Intel Corp ( INTC ), ARM Holdings ( ARMH ) and STMicroelectronics ( STM ).