The Week In Review: IoT

Market Research
International Data Corp. updated its Worldwide Semiannual Internet of Things Spending Guide, forecasting global IoT spending will increase 16.7% this year to more than $800 billion. The market research firm says the market will grow to almost $1.4 trillion by 2021. Manufacturing, smart grid technologies, freight monitoring, production asset management, and smart building technologies are the leading IoT uses in 2017, according to IDC. Hardware, dominated by modules and sensors, will lead IoT spending over the next three years before being overtaken by services; software expenditures will largely go toward applications software, IDC says.

MarketsandMarkets predicts the IoT node and gateway market will see 17.18 billion units shipped by 2023 for a compound annual growth rate of 30.9% between 2017 and 2023. The report can be ordered here. MarketsandMarkets also has a report on the IoT security market, forecasting it will increase from $6.62 billion this year to $29.02 billion by 2022 for a CAGR of 34.4%. Details here.

Research and Markets forecasts the worldwide IoT market will grow from $170.57 billion in 2017 to $561.04 billion by 2022 for a CAGR of 26.9%. To order their report, go here.

Regulation
Qualcomm reports receiving regulatory clearance for its proposed acquisition of NXP Semiconductors from the Taiwan Fair Trade Commission. The move comes a week after the European Commission decided on opening an in-depth investigation into the combination, which it said may reduce competition and innovation in the semiconductor industry. Qualcomm CEO Steve Mollenkopf said in a statement, “This acquisition is complementary, and driven by the belief that the combined efforts of the two companies will produce even greater innovation than they would alone. This significant investment by Qualcomm will help our industry partners in the automotive, IoT and security sectors advance their transformation to the emerging hyperconnected world.”

Tools
Dahua Technology, a specialist in video surveillance, picked Synopsys’s software integrity platform to secure its IoT devices. Dahua used Synopsys tools and services to improve their software development lifecycle and supply chain.

Products
Sprint said this week that Telit will begin commercial deliveries of its LE910C1-NS LTE Cat 1 module after completing certification for operating on Sprint’s network. The Telit product is an embedded Industrial IoT LTE module capable of moving data at a download speed of 10 megabits per second and an upload speed of 5 Mbps.

SiTime brought out the SiT1569 oscillator and the SiT1576 Super-TCXO with expanded frequency range, both available in a chip-scale package. The chips are meant to enable coin-cell battery-operated IoT sensors to run for up to 10 years.

Avnet now offers the MiniZed development platform for designing cloud connectivity and Industrial Internet of Things applications, including embedded vision and motor control. The platform is based upon the Xilinx Zynq-7000 programmable system-on-a-chip device.

Analysis
A special report on cybersecurity can be accessed here. Its three big takeaways: Mobile is now the standard; IoT complexity brings tremendous risk; cybersecurity is now a public safety concern.