Schneider Electric, in a statement released on Monday, said that Senthil Kumar Venkataramanujulu has been named as the new VP of the Industrial Automation division. Kumar, having experience of 28 years, will aim to implement the Industrial Internet of Things platform across enterprises, to raise efficiency. “I look forward to bringing in my experience onboard to drive prominence, visibility, and growth for the company,” Kumar said.
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.
McAfee released its monthly Threats Report which examines cyber-crime activity. According to the report, the first quarter saw cyber adversaries shift toward fewer, customised Ransomware-as-a-Service campaigns. These campaigns target larger organizations. The proliferation drove the growth of cryptocurrency-generating coin mining malware by 117%. The surge drove increases in malware targeting Internet of Things (55% ) and Linux (38% ) systems.
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.
The first half of 2022 will see AWS opening three new data centers in the UAE after Bahrain. This will allow for data to be stored in the UAE while also providing low latency across the country. Anyone using the AWS services will get access to storage, networking, database, analytics, machine learning, IoT, and mobile services. Abu Dhabi Bank, Majid Al Futtaim, GE Healthcare, Hamdan Bin Mohammed Smart University, etc are included in the list of customers.
Qualcomm has launched its first IoT modem aimed at Industrial IoT apps. The commercial launch of the Qualcomm 315 5G IoT device is expected in the second half of 2021. The modem supports worldwide 5G NR sub-6Ghz bands and operates in standalone mode only. If required, the device can be switched to LTE and can be deployed over 5G private or public networks. The device comes with the capability of integration with existing ethernet and wired technology.
The global market for cellular IoT modules has been affected due to the COVID-19 pandemic as it dropped by 8% to $3.1bn in 2020. The shortage of semiconductor chips affected a lot of companies in Europe, North America, and other big markets in Q4 of the last year. The only big market showing growth in 2020 was China with 14% YoY growth in cellular IoT modules. In the next four years, around 4.5 bn cellular IoT connections are expected.
The majority of the enterprises (90%) emphasized that IoT is necessary to support their digital transformation plans across different sectors. The growth of any project is proportional to the investment, 38% of these said their investment in IoT will exceed $1m in 2021. Josh Builta, Director of Research, Internet of Things, and Artificial Intelligence at Omdia expects to see the growth in IoT deployment being accelerated in the coming years.