Report: Global IoT chip market likely to grow to $38.61 billion by the end of the decade

A new market report, titled “Global IoT Chip Market – Analysis and Forecast, 2019-2029” by BIS Research, has found that the worldwide IoT chip market, which was valued at $9.40 billion in 2019, is now expected to grow over $38.61bn at a CAGR of 15.8% by 2029.

The overall market demand for IoT chips is driven by the rising adoption rate of IoT-based devices and decreasing cost of IoT sensors, the research firm...

By IoT News, 16 January 2020, 0 comments. Categories: Development, IoT.

Gartner says global semiconductor revenues down 11.9% yearly – worse than own bleak estimates

According to preliminary results by Gartner, worldwide semiconductor revenue decreased 11.9% year over year to $418.3 billion (£321.68bn) in 2019 – with the figure surpassing the analyst firm’s already gloomy forecast from earlier in the year.

The report found that Intel has regained its position as the number one global semiconductor vendor by revenue in 2019, beating Samsung Electronics which held the top...

By IoT News, 14 January 2020, 0 comments. Categories: Development, IoT.

Apple, Amazon, Google, and Zigbee Alliance explore new smart home standard

Apple, Amazon, Google and the Zigbee Alliance have formed a new working group focused around ‘Project Connected Home over IP’, exploring the development and promotion of a new, royalty-free connectivity standard to boost compatibility among smart home products.

The protocol has been designed with security as a fundamental principle.

The aim of the Connected Home over IP...

By IoT News, 02 January 2020, 0 comments. Categories: Development, IoT, Smart Homes, Standards.

Gartner: Blockchain is the perfect match for the IoT

Gartner believes that blockchain technology is the perfect match for the IoT and will help it to overcome some of its biggest problems.

Blockchain is synonymous with security. The IoT, on the other hand, is known for suffering from serious vulnerabilities which have led to repeated high-profile breaches and cyberattacks.

In a blog post highlighting key findings from a survey titled IoT Adopters Embrace Blockchain,...

By Ryan Daws, 17 December 2019, 0 comments. Categories: Data & Analytics, Development, Enterprise, IoT, Security, Smart Cities, Smart Homes.

Maersk invests in Danish networking startup Onomondo

Maersk Growth, the corporate venture arm of logistics giant Maersk, has announced its investment in Danish startup Onomondo.

The move, for an undisclosed amount, will see Maersk further integrate Onomondo’s connectivity solution into its global business. Onomondo, which describes itself as ‘a truly unified agnostic IoT network’, aims to make it easier, cheaper, and safer to connect IoT devices such as trucks,...

By IoT News, 02 December 2019, 0 comments. Categories: Development, Enterprise, IIoT, IoT.

Telefónica presents second ‘Things Matter’ study, indicates significant increase in IoT usage in two years

Telefónica has unveiled its second study on the Internet of Things (IoT), Things Matter 2019: the experience of the IoT users in Spain, covering thoughts around the IoT and the voice of those responsible for digital transformation of industrial, commercial or institutional activity in companies from different sectors.

One of the main conclusions of the study is that almost half of the population already knows what IoT...

By IoT News, 21 November 2019, 0 comments. Categories: Data & Analytics, Development, IoT.

IOTech raises $7.5 million in series A funding led by Dell Technologies

IOTech Systems, a UK-based IoT edge platform company, has successfully raised $7.5 million (£5.8m) in its series A funding round. The funding was led by Dell Technologies Capital, with additional investment from Société anonyme de Participation et De Gestion (SPDG), the Scottish Investment Bank, and Northstar Ventures.

IOTech intends to use the investment to considerably expand its acquisition capability...

By IoT News, 20 November 2019, 0 comments. Categories: Data & Analytics, Development, Enterprise, IoT.

Australia releases a draft code of practice for IoT cybersecurity

The Australian government has drafted a code of practice in a bid to improve the IoT’s well-publicised lack of security.

While the huge Mirai botnet attack on DNS provider Dyn in 2016 was devastating, one positive thing it achieved was to increase awareness about the poor security of IoT devices.

Ever since that high profile incident, governments have doubled their efforts in coming up with ideas to prevent IoT devices from being compromised. For Australia, that's...

By Ryan Daws, 19 November 2019, 0 comments. Categories: Development, Enterprise, IIoT, IoT, Security, Smart Cities, Smart Homes.

Going smart: How IoT technologies and automation can revolutionise laboratory practice

Despite the risks and fears around the Internet of Things (IoT) and how it relates to wider questions around security and privacy, a number of benefits exist in the field of scientific innovation and discovery.

The adoption of the IoT into laboratories marks a major technological disruption. It’s implementation will replace an outdated and inefficient system with one which maximises instruments and researcher time to full potential, stimulating a new wave of scientific...

By Phoebe Chubb, 11 November 2019, 0 comments. Categories: Data & Analytics, Development, Healthcare, IoT, Smart Cities.