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.

Enterprise IoT and protecting against Bluetooth endpoint vulnerabilities: A guide

It is well established that IoT devices greatly increase the security challenges of defending corporate networks, and a recent PwC survey reported that 71% of manufacturers plan to deploy IoT devices, despite the associated risks. It seems like the IoT train has left the station and is rushing full steam ahead towards the horizon.

In order to continue to travel safely, enterprises must understand the risks of...

By Patrice Puichaud, 16 January 2020, 0 comments. Categories: Data & Analytics, Enterprise, IoT, Security.

Consumer Reports warns IoT camera makers to improve their security

Consumer Reports has sent a letter to 25 manufacturers of IoT cameras with a call to improve their security.

“In response to multiple reports of hacks and unauthorized access of smart cameras and doorbells, Consumer Reports writes to urge your company to raise the standard of security for your connected camera, doorbell, or security system,” wrote the company.

“We request clarification on the steps you are taking to prevent hacks and unauthorized access to these cameras and the systems that...

By Ryan Daws, 15 January 2020, 0 comments. Categories: IoT, Security, Smart Homes.

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.

KVH and Kongsberg claim success with installing maritime IoT system on active working vessel

KVH Industries and Kongsberg Digital have successfully installed their first joint maritime IoT system on the latter’s active working vessel, Simrad Echo.

Despite the newly fitted system, which includes a KVH Watch VSAT antenna for IoT connectivity and the Kognifai Vessel Insight platform, the Simrad Echo would continue its normal operations during the pilot maritime IoT project. Both KVH Watch and Kognifai Vessel...

By IoT News, 06 January 2020, 0 comments. Categories: Enterprise, IIoT, IoT.

Teraki and Machfu raise series A funds of $11m and $3.75m to speed up automotive and IIoT markets

A new year does not by any means signal a slowdown in funding across the Internet of Things (IoT) space, with Teraki and Machfu each securing series A funding over the past month for the automotive and Industrial Internet of Things (IIoT) spaces respectively.

Teraki raised $11 million (£9m) that the company says will be used for improving the current explosion in demand of data in electronics components...

By IoT News, 02 January 2020, 0 comments. Categories: Connected Vehicles, IIoT, 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.

Hackers attempt to extort $400k in Bitcoin from Ring doorbell owners

A hacker attempted to extort a couple in Texas for $400k worth of Bitcoin after compromising their Amazon Ring doorbell.

28-year-old Tania Amador gave a video to local news channel WFAA which showed the incident.

Amador, who lives in Grand Prairie just outside of Dallas, said her Ring doorbell was going off like someone had entered her house.

The couple...

By Ryan Daws, 13 December 2019, 0 comments. Categories: IoT, Security, Smart Homes.

Ericsson and the NTNU deploy autonomous ferry in Norway

Ericsson has teamed up with the Norwegian University of Science and Technology (NTNU) to deploy a 5G-powered autonomous ferry in Norway.

The ferry is called milliAmpère and carries passengers, including their bikes, across Trondheim’s harbor canal.

MilliAmpère is equipped with sensors that record its surroundings. 5G is used to reliably and quickly transfer vast amounts of data required for the ferry's operation with an onshore command centre.

Jenny Lindqvist, Head of Customer Unit...

By Ryan Daws, 11 December 2019, 0 comments. Categories: IoT, Smart Cities.