Intel Corporation has been doing relatively well when it comes to the Internet of Things (IoT) since the company launched its platform for the Internet of Things the previous year. It will not be an overstatement to claim that this might be the sector which will churn in substantial revenues for the company. It needs to be taken into consideration that the company is trying its best to bolster relations with other companies in the Information Technology sector.
Almost a week back, the company made another major accomplishment where they launched their second platform for the Internet of Things. The platform will cater to hardware, software and reference architecture. This platform caters to quite a few reference architectures that boast of the company's recent Quark processors solely devoted to the Internet of Things domain. These are easy and free of cost OS that boast of a diversified cloud suite and analytical capabilities from Wind River.
As per the chip maker, by the fiscal year of 2016, they will launch their SE system on chip (SOC). Since 2014, when Internet of Things was first launched and to date, the IT world has been taken by a storm. Together with cloud computing and wireless communications, the idea was put forward for connect everything together. The idea was to generate synergies so that the flow of information becomes rapid. Thus, in a short time IoT became the core selling product of Intel. The company initially was just upping its game in the PC domain but that particular industry was staggering and stumbling.
So now the company has left its rival behind and is on top of its game. Despite the market has become extremely saturated, the company's effort deserve applause. As per the analytics company, IDC, the market for worldwide sales in the Internet of Things domain has accumulated to $7.1 trillion by the fiscal year of 2020 that was initially $1.9 trillion back in the fiscal year of 2013. According to Intel's financial results for the third trimestral of the fiscal year of 2015, the cloud computing sales which is the biggest segment has gone down by 7% during the same tenure in the fiscal year of 2014.
On the other hand, the sales of Internet of Things have gone up by 10%. So Intel has potential to grow if it starts to streamline its focus further in the IoT domain. There are numerous horizons that can be explored.
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