Ann Steffora Mutschler, Semiconductor Engineering
March 13th, 2014
Realizing the full potential of the Internet of Things will require a cohesive hardware and software design approach.
With the rise of smart cities, cars and houses, an enhanced connectivity infrastructure bolstered by an increasingly connected culture, the Internet of Things (IoT) represents an exciting opportunity for semiconductor industry players.
As such, market researchers at IDC expect the installed base of the Internet of Things will be approximately 212 billion “things” globally by the end of 2020 including 30.1 billion installed “connected (autonomous) things” in 2020 largely driven by intelligent systems that will be installed and collecting data — across both consumer and enterprise applications. The research firm expects IoT technology and services spending to generate global revenues of $8.9 trillion by 2020.