This report examines how the rise of RISC-V architecture will affect the IoT, with forecasts through 2028 by application, profiles on major vendors, and recommendations on strategy for industry players.
The Analyst Team

Edward Wilford
Senior Principal Analyst
Edward mainly focuses on the semiconductors behind any device that can be considered IoT or embedded/connected and the other technologies that might be attached (AI/ML, security, etc.). He has extensive experience segmenting the industry and forecasting those segments by company, application, and technology.
Edward started in the industry in 2016 when he joined Arm as a market intelligence (MI) analyst, at the time doubling the number of analysts looking at market share and forecasting. He led MI analysis in the automotive and IoT pillar, joining shipment data provided by partners to market data, and preparing 10-year forecasts by application. He has a BA from Durham and an MPhil from Cambridge in linguistics with a focus on syntax, and he is currently taking a part-time MS in business analytics at the University of Bath.
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Analyst Opinion / 31 Mar 2023 / Edward Wilford
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RISC-V Processors
RISC-V (pronounced “risk-five”) is generating a new wave of enthusiasm among developers due to its open source nature, versatile instruction set architecture (ISA), and contribution from participating RISC-V Foundation members. The RISC-V movement is experiencing an exciting time of growth, with many announcements regarding companies that are adopting RISC-V or introducing new tools for the architecture. Launched in 2015, the RISC-V Foundation has already grown to over 240 members and shows no sign of slowing. The versatility and open source nature of RISC-V are allowing it to be used in a wide range of applications spanning artificial intelligence (AI), Internet of Things (IoT), computers, communications, and so on. It is difficult to develop a successful and viable product in a market that caters to a fundamental component such as a processor. ARM and x86 are the two architectures that dominate today’s landscape; there have been many failures over the past several years. Some processor architectures such as MIPS, ARC, and Tensilica have survived in niche markets, but most of them have failed. However, there is significant interest in RISC-V from both software and hardware developers. Many well-known semiconductor companies have started using RISC-V in their chipsets and prominent tool vendors have started offering development tools. ARM has noticed this trend and is taking steps to minimize the influence of RISC-V. Despite the upbeat scene for RISC-V, ARM has remained as dominant as ever in the embedded market. Still, Tractica expects global market revenue for RISC-V-based IP and software and tools to increase from $52.0 million in 2018 to $1.1 billion by 2025. This Tractica report examines the global RISC-V market trends, drivers, barriers, and technology issues. The study assesses the emerging business models, applications, and ecosystem related to the development of RISC-V. Global market forecasts, broken out by segment, region, application, bit width, and component, extend through 2025. The report also explores the limitations of RISC-V, compares it to ARM, and provides profiles of key industry players.
Report / 24 Aug 2019 / Omdia Analyst
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