IoT-based startup Atsuya Technologies has been given a grant by the Tamil Nadu government under its Guidance-ATEA Digital Accelerator Program. Rs 60.4 lakh was given as a grant amount to the start-up. Out of the total of 75 applicants, 5 start-ups were given a total of Rs 3.5 cr. Atsuya Chief executive Rahul Ganapathy said the company aims to bring Tamil Nadu to the forefront in achieving sustainable development goals.
Rakuten Mobile announced plans to partner with Cisco to use their technology in 5G and IoT services. Rakuten is the first company to deploy network-based Open RAN tech that uses software to run network functions on the cloud, reducing the requirement for physical equipment. The tech will help Rakuten to make its entire network automated, reduce latency, and lower power consumption.
The revenue of the IoT market worldwide is expected to grow to $1.1 tril by 2024 with a CAGR of 13%, a new report said. The IoT market globally was worth $ 622bn last year and $586 bn in 2019. Enterprise IoT generated almost 76% of the total revenue in 2020. IoT devices, due to COVID-19, saw an rise in usage in thermal cameras and sensors in offices. 45% of those surveyed believe IoT will play a key role in business development in the next three years.
Samsung is building a web panel access to its home platforms SmartThings. At present SmartThings, one of the oldest smart home platforms which are still actively supported is accessible via Android and iOS mobile apps only. Samsung started the development on a web panel for SmartThings in May 2019, which was closed down in the same year. The web app project was “running into shifting requirements from legal and security teams”.
Samsung’s new software update will convert old Galaxy phones to IoT devices to control sound and light devices. The update, as of now, is available for all Galaxy S, Note and Z smartphones, launched in 2018 onwards, and running on Android 9. The smartphone maker under the programme named Galaxy Upcycling will add more devices in future. Samsung is doing beta in South Korea, the US and the UK for the programme.
Enterprise arm of Vodafone Idea, Vi Business, has launched ‘Integrated IoT Solutions’ for large businesses to become the only telecom firm in India to offer a secure end-to-end IoT solution having connectivity, hardware, network, application, analytics, security and support. Ravinder Takkar, MD & CEO, Vodafone Idea Limited, said: ” Vi is helping enterprises succeed in IoT, thereby paving the way for a digitally enhanced market in India.”
Global cellular IoT module shipments will hit 780 mn units in 2024 to reach $11.5 bn in revenue. India market will have the highest growth at 38%, said Counterpoint Research’s Global Cellular IoT Module and Chipset Forecast. NarrowBand-IoT will lead the cellular IoT module shipments by 2024, followed by 4G and 5G. North America will overtake Europe in 2024 to become the second-largest market after China.
Akamai will acquire Inverse to boost IoT security services for an undisclosed sum. The aim is to enhance its zero-trust portfolio and bring IoT security solutions by using Inverse’s data repository and algorithms that identify IoT devices like HVAC, lighting systems, medical equipment, robotics, printers. The acquisition will combine device Inverse’s fingerprint data repository and Akamai’s security data to achieve enhanced devices and workforce security.
Reliance Jio is in advanced talks with OEMs to launch its own IoT services. Teleco’s pan-India IoT network-based, launched in partnership with Samsung, is already operational. Jio, as per media reports, has developed a comprehensive solution with the device, diagnostics, connectivity, platform and support. Jio aims to connect a billion connected IoT devices to its platform, unlocking Rs 20,000 cr opportunity per year.