Internet of things (IoT) is driving the demand for connected devices, which is driving the demand for System-On-Chip (SoCs)
The Internet of things (IoT) is steadily at the core of our data-driven era. This network is flowing vast amount of data in real-time from multiple sources.
For those who are unfamiliar, Internet of things (IoT) is the system of interrelated devices or things embedded with electronics, software, sensors, and network connectivity. It involves machine-to-machine (M2M) communication enabling devices to exchange and act upon information by eliminating human-to-human or human-to-computer interaction.
According to networking equivalent, Metcalfe's Law, formulated by Robert Metcalfe, the value of a telecommunications network is proportional to the square of the number of devices connected to it.
Research and Markets reveals that, the number of connected devices will be more than 4.9 billion connected devices by 2021. Thus, Internet of things (IoT) is driving the demand for connected devices, which is driving the demand for SoCs used in these devices.