Qualcomm reveals IoT growth figures during analyst workshop
According to the chipset manufacturer, it has delivered more than one million chips a day into a variety of connected applications.
Qualcomm Incorporated has announced during its Internet-of-Things (IoT) industry analyst workshop that it is currently shipping more than one million chips per day for IoT.
Achieved through its subsidiary, Qualcomm Technologies, the announcement marks the latest milestone in the company's advances within the IoT space.
Other revelations revealed during the analyst workshop include the fact that the company's wearable platforms have been adopted in more than 150 wearable designs, as well as 80% of Android Wear smartwatches. Within the smart home market, Qualcomm's chip designs are reportedly found in more than 125 million TVs, home entertainment and other connected home products.
Raj Talluri, senior vice president, product management, IoT, Qualcomm Technologies, Inc, said: "We are focused on significantly expanding capabilities at the edge of the network by supporting everyday objects with the connectivity, compute and security technologies required to build a powerful Internet of Things, where devices are smart, convenient, work well together and incorporate advanced security features."
He added: "While hundreds of brands have shipped over 1.5 billion IoT products using our solutions, we are just getting a glimpse of the benefits that the IoT can deliver, with analysts estimating that IoT applications could have a total economic impact of up to $11tn a year by 2025.
"We have built strong capabilities on top of our leadership in mobile inventions, and we are innovating in exciting new areas such as deep learning, voice interface and LTE IoT that will power a new generation of IoT devices."