NEW YORK, December 15, 2016 /PRNewswire/ --
The Internet of Things (IoT) is a new disruptor of the high-tech sector. Iot is the development of the internet in which everyday objects have network connectivity, allowing them to send and receive data. According to t a recent research published by Markets and Markets, the Internet of Things technology market is expected to grow from $130.33 Billion in 2015 to $883.55 Billion by 2022, at a CAGR of 32.4%. The market is currently dominated by automotive and transportation application and the trend is expected to continue during forecast period. Arkados Group Inc. (OTC: AKDS), InvenSense Inc. (NYSE: INVN), Advanced Micro Devices, Inc. (NASDAQ: AMD), Cypress Semiconductor Corporation (NASDAQ: CY), Marvell Technology Group Ltd. (NASDAQ: MRVL)
The report indicates that the software solutions segment held the largest share of the Internet of Things technology market in recent years. As a result, the market for services is expected to grow at the highest CAGR during the forecast period. There are several factors that influence growth in this industry, including higher adoption rates of connected devices across organizations and development of high-speed networking technologies.
Arkados Group Inc. (OTC: AKDS) through its subsidiaries, is a global provider of interoperable Industrial Internet of Things solutions designed to help customers increase efficiency and reduce cost. The solutions are focused on industrial automation and energy management, and engineered with the company's software and hardware platforms that enable machine-to-machine communication necessary IoT applications. IoT applications include home and building automation and energy management. On November 17th the company announced that it has signed an agreement with Airfi Networks to integrate Airfi's advanced cellular connectivity solutions with machine-to-machine communication platform, into customer devices and systems.
Terrence DeFranco, Arkados' CEO, said in a statement, "Airfi is an affordable, trusted provider of managed cellular connectivity solutions for IoT globally, and our top choice as a partner. In over 206 countries and with over 450 networks worldwide, not only is their platform more affordable than the rest, Airfi is known to work well with their technology partners and manufacturers to bring great connectivity, service and support to customers. We couldn't be more pleased to work with their superior engineering and support teams, and to continue delivering only the best-in-class M2M communication and IoT solutions to our commercial customers' devices and systems at the lowest possible cost. We believe that the addition of cellular communication to our portfolio of capabilities can drive significant sales of our Industrial Internet of Things solutions."
On October 4th Arkados Group Inc. has released consolidated financial and operational results for the fiscal year ended May 31, 2016. The company emphasized growth in total revenues, which has increased to $1.87 million, up $1.39 million or 286% from $484,262 reported in fiscal 2015, and the software segment revenues in particular, which came in at $730,249, up 81% over the last fiscal year due to growing volumes in smart factory and smart building products.
InvenSense Inc. (NYSE: INVN) is engaged in designing, developing, marketing and selling of sensor system-on-chip (SoC), including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The company indicates that sensors are the center of the Internet of Things market. Their platform, the FireFly platform is geared towards IoT applications and it combines industry leading gyroscope and accelerometer sensors with tri-core processors.
Advanced Micro Devices, Inc. (NASDAQ: AMD) is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets. One of the company's products, the Opteron™ X2150 APU delivers GPU-accelerated performance. It is designed for organizations that "are quickly learning as they attempt to stay current in today's Internet of Things. The AMD Opteron can be the foundation of an innovative solution. "
Cypress Semiconductor Corporation (NASDAQ: CY) delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The company's IoT portfolio combines wireless, MCUs, memory and PMICs into a platform to accelerate the time-to-market for connected IoT products. By leveraging the Wireless Internet Connectivity for Embedded Devices (WICED) SDK and ecosystem adding wireless connectivity and cloud services to automotive, industrial and consumer products is an easy thing.
Marvell Technology Group Ltd. (NASDAQ: MRVL) is a semiconductor provider of application-specific standard products. The company's EZ-Connect platform is capable of enabling efficient time-to-market IoT designs with hardware and software solutions. Global customers currently are building, creating and implementing with Marvell's EZ-Connect platform for several markets including home automation, wearables, automotive and industrial.
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