The internet of Things (IoT) has seen a significant surge in adoption over the last year and the first signs are showing up in the business world.
With more people in the workforce, and the need for smarter devices, more people are investing in IoT devices.
There’s a growing number of organisations that have seen a reduction in costs due to the increased adoption of IoT technology, with companies such as AT&T, Intel, Cisco and others now providing IoT solutions.
In the last couple of years, a number of IoT companies have been creating devices, some more sophisticated than others, and this has been a boon for the IoT sector.
With a rise in demand, the demand for IoT devices is going to increase in the coming years, with a number more companies looking to invest in the IoT space.
One company that’s looking to be the first to enter the IoT market is US-based Fubo, which is the leader in the sector with over 1,000 employees.
According to Fubocore, its IoT devices have been able to capture over 5% of the IoT devices market in the last 12 months.
This is because Fubos devices are able to access and control sensors and other hardware that are already embedded in products.
“We’re seeing more and more demand for more connected devices, especially for businesses.
We’ve seen that companies are really excited about this opportunity,” said Fubow, CEO and cofounder.
Fubo’s IoT solutions include its own IoT-enabled smart home products, as well as a range of connected devices that are connected to each other and their sensors, as it has with its RFID chips.
The company recently started shipping a range and the Fuboscrew, which can be used with a variety of devices including printers, cameras, and refrigerators.
It also announced that it had secured a $2.5 million investment from Qualcomm, which will allow the company to bring more RFID and NFC technology to the marketplace.
Although Fubolikes IoT solutions, FuboS IoT products include RFID tags that allow for easy identification and tracking of devices, as the company is also working on integrating RFID sensors into the devices that it makes.
With more and different IoT devices coming online in the next few years, the market for IoT solutions will be one that’s going to continue to grow, with many of the most recent IoT-related investments by the companies.
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