Higher Adoption Rates of the Internet of Things

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 4^th 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.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and pr marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com expects to be compensated three thousand dollars for financial news dissemination and pr services by a third party non affiliate for medicine man technologies inc. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:

Media Contact: [email protected] , +1-877-601-187

Url: http://www.FinancialBuzz.com  

SOURCE FinancialBuzz.com