The Internet of Things (IoT) is on track to become a trillion dollar industry by the middle of this decade as relentless innovation drives remarkable growth and continues to spark investor interest from across the world. Innovation is booming within the sector that managed to attract close to $20 billion in investments over the past year.
Here is a summary of the 14 Best Internet of Things (IoT) Companies In the World.
Skyworks Solutions, Inc. enables connectivity for IoT products through its chips and communication equipment. The company’s products are used by major companies including Amazon, Arlo, Google, Honeywell and Ring. Sierra Wireless, Inc. offers connectivity services for various IoT devices. The company provides embedded modules, routers and gateways to power IoT applications and devices. The company is known for its Cloud-based IoT solution called Octave.
NXP Semiconductors N.V. offers various IoT solutions, including gateways, Cloud services and wireless equipment. The company in February launched EdgeLock 2GO IoT service platform for deployment and management of IoT devices. CalAmp Corp. is one of the best Internet of Things companies providing solutions in the fleet management and industrial IoT industry.
Mocana specializes in cybersecurity and protects millions of IoT devices from a whole range of threats. They offer safe and secure digital transformation to companies and people throughout the world. EnOcean is a firm that offers energy harvesting technology that can deliver data for IoT devices in a resource-saving, maintenance-free way.
Sight Machine provides real-time analytics to manufacturing industries in order to help them address production challenges and improve quality. This is achieved by a dynamic analytics process that looks at manufacturing data in real time and uses a digital representation of the production process to identify errors, improve efficiency and maximize output. Verkada gives encrypted cloud storage to customers and offers reliability at low bandwidths through its especially designed cameras. It has combined on-site hardware with a one-stop software solution to manage access control and video security in every part of an organization.
Whill is a firm that designs and manufactures robotic wheelchairs or personal mobility devices for different applications. While not the first IoT health firm but one of the fastest growing in the industry. Tado is a firm providing intelligent climate management to buildings and homes in order to save energy and costs.
Grownetics is a crop-analytics and cultivation system firm that facilitates indoor farming. The company uses sensors and artificial intelligence to make 3D models for climate control, offers remote assistance and plant tracking to farmers, and even provides task management. Sonos, Inc. is a designer and manufacturer of multi-room wireless audio systems. The company has partnerships with big music streaming platforms and offers users the ability to play and access millions of different kinds of songs without the hassle of computers or smartphones.
PrecisionHawk is a company that uses unmanned aerial systems, remote sensing and advanced data analytics to help companies improve their businesses. They offers end-to-end solution aerial data gathering, processing and analysis. Sphero is a company that makes programmable robots and other high-tech tools to make it easier and more fun for students to learn about different topics.
Read more of Insider Monkey’s 14 Best Internet of Things (IoT) Companies In the World here.