STMicroelectronics has announced that Francois Guibert, Executive Vice-President & President of ST's Greater China and South Asia Region, will speak at the COMPUTEX Taipei 2014 IoT Forum on the company’s offering and strategy for the Internet of Things (IoT), describing how to "augment" everyday objects to make them smart and connected.
According to Gartner, the IoT market, which excludes PCs, tablets and smartphones, will grow to 26 billion units installed in 2020, representing an almost 30-fold increase from 0.9 billion in 2009. Gartner predicts IoT product and service suppliers will generate incremental revenue exceeding $300 billion, mostly in services, by that time, resulting in $1.9 trillion in global economic value add through sales into diverse end-markets.
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ST envisages that anyone, from entrepreneurs to companies, can leverage the existing Internet infrastructure to conceive new applications and markets and create new business opportunities. The IoT is widely accepted as the next “Big Thing” that promises to exploit the Internet with a multitude of applications and products, particularly wireless and mobile, penetrating a broad spectrum of markets. In many ways, the IoT is the hardware counterpart to the software “app” market and is unleashing a new wave of creativity in many different segments.
The COMPUTEX TAIPEI IoT Forum is taking place on Wednesday, the 4th June, 2014.
