Gartner, Inc. is an information technology research and advisory company that analyzes and interprets the business of IT. According to its latest report, delivering technology-related insight of the top 10 technologies and trends for 2013, “Internet of Things” (IoT) theory will transform the next decade.
IoT is believed to be an expression coined by Kevin Ashton in 1999 to represent the Internet as being dependent on human beings for information. Today, in the Internet of Things, thousands of sensors embedded in a multitude of electronic products scan and record information to be stored and processed.
Research experts at MarketsandMarkets agree IoT has indeed become one of the fastest growing segments of IT commerce. Their research shows that the market share for technologies related to the Internet of Things idea, offering specific object-identification, sensor and connection capability as a basis for services and applications, has seen growth in spending from last year and is likely to continue growing as a result of the fact that key elements of IoT are being embedded in many new types of devices, including a variety of mobile devices.
MarketsandMarkets findings have showed a consistent compound annual growth rate: Over 30 percent has been spent on the Internet of Things – spending was $44.0 billion in 2011 – and is now perceived to reach $290 billion by 2017.
The impact of RFID technology and the result of more people making use of global network infrastructures with physical objects existing and evolving over the Internet have fueled the growth of this segment of the IT word. The future of embedded electronic processors is said will play a vital role in IoT growth.
Among those companies that have adopted the IoT concept to kick-start growth is Sequans Communications, a 4G chipmaker company based in Paris, France which develops WiMAX, LTE and dual-mode chips for wireless device makers worldwide. In its transition from WiMAX to LTE SoCs not yet delivering profits as disclosed, the company has launched its StreamliteLTE and StreamrichLTE product line – introduced by Sequans' CEO, Georges Karam on October 29 – for the Internet connected devices market.
Sequans’ family of StreamliteLTE products are designed for consumer electronics (CE) and machine-to-machine (M2M) devices. The SQN3101 Firefly is their most compact and cost-effective solution, offering power at a lower total cost for embedded devices.
For high-end mobile devices, there is Sequans’ family of StreamrichLTE products that offer high-performing features that add a cost-effective solution for LTE connectivity to 4G mobile hotspots.
As LTE technology matures and coverage expands, Dr. Karam is confident that there will be a growing demand for single-mode LTE solutions as it offers consumers power and cost efficiency – which will have an impact on the rapid growth of the IoT market and for M2M communications.
Those interested in knowing more about Sequans’ new LTE baseband chips, and how they’ll start a wave of Internet of Things growth for mobile devices, can visit the website at http://www.sequans.com/.
Edited by Braden Becker