Sigfox posts €50 million in revenue, reiterates plans for 60 country connectivity in 2018

Sigfox, the French-based Internet of Things (IoT) connectivity provider, has announced its 2017 results and 2018 roadmap, promising a network of 60 countries and more than a billion people worldwide.

Revenues went up to €50 million (£44.4m), a rise of more than 56% year over year, according to the company, while the total number of objects connected to the Sigfox network rose by 65% to a total of 2.5 million. Alongside this, the company’s network grew to 45 countries earlier this month, including Malaysia, South Korea, and Switzerland.

Looking at the company’s 2018 roadmap, alongside its network figures Sigfox is promising greater focus on its evangelisation strategy. To that end, the provider is launching Hacking House, a project that will ‘bring together students from around the world to learn about IoT and Sigfox’s pioneering technology’, as the company put it.

“There is tremendous value in IoT, which lies in the data that is generated by millions of connected objects across the globe,” said Ludovic Le Moan, co-founder and CEO of Sigfox in a statement. “It’s up to us to turn this golden opportunity into a multi-billion dollar industry, just like we did with petrol a century ago.

“Our challenge for the next few years will be to lower the cost of collecting that data to close to zero,” Le Moan added.

This makes for an interesting comparison when looking at Sigfox’s proclamations in November 2016. The company had just secured a €150m funding round and promised then what it promises today – coverage in 60 countries by 2018.

iottechnews.com: Latest from the homepage

Telecommunications Companies: Here’s How To Use End-To-End Enterprise Offers To Boost Revenue

Telecommunications companies are not new to the Internet of Things (IoT). Many have long used these tools as a way to gather data and implement change. These organizations, called communication service providers (CSPs), also tend to be willing to adopt technology that enhances operations. Organizations have routinely used IoT to automate processes and ensure networks remain stable. Yet, further investment in this area can also boost revenue. With the IoT market expected to be a $ 267 billion industry by 2020, according to BCG Perspectives, organizations cannot overlook this opportunity.

End-to-end enterprise adoption could mean new revenue streams

The industry continues to face fierce competition. Finding ways to reduce costs is one thing. Looking for ways to boost revenue streams continues to be critical. However, one of the largest opportunities available to CSPs has yet to be tapped by these organizations.

Within the telecommunications industry, a key area for IoT adoption is in providing platforms for end-to-end enterprise offerings, as well as for connected consumer services. Entry into these markets could provide an incredible new source of revenue. Some experts believe it could represent as much as a quarter of all CSPs’ total revenue within a matter of years.

Another key area for CSPs is in the thriving market of connected homes. Telecommunications organizations will see significant revenue by successfully launching connected home applications for consumers.

Finally, working with commercial entities to create methods for regulatory compliance can also be important. Many entities are struggling in this area due to stringent guidelines. This can be improved with IoT applications through telecommunications companies.

Why telecommunications networks matter

Consider the data from the IoT application. In IoT, there are numerous networks of networks. All are capable of pulling in massive amounts of data that can be used, in a variety of ways, to provide information. However, this type of network requires very specific elements. It must be incredibly reliable, provide ample reach, and have the resilience necessary to manage some of the most challenging circumstances. Other industries, including the semiconductor industry, are finding opportunities to use the tools they have to enhance IoT adoption.

These are the types of services that CSPs can offer beyond what other organizations can. CSPs are now a central point of integration where the digital world connects. Some organizations (generally the largest CSPs in major areas) are already aligning their networks to meet this important, developing need. And, as a result, they are seeing profitable margins.

Where is the endpoint and profit potentials for today’s smaller CSPs? The biggest opportunity lies with enterprise customers. These are end users who are looking for platforms and connectivity that will allow their own transformation into the digital world. CSPs can significantly play a role in this area.

Why CSPs should focus here

The telecommunications industry is still not immune to digital change. In fact, many organizations are struggling financially with the services they offer. High-margin profit centers are being eroded by low-margin network connectivity. Consumers and other end users are finding more affordable ways to get the services they need. New technology, including 5G, is coming as well. That will further increase competition in this sector. As a result, it has become necessary for CSPs to find alternative streams of revenue that can tap into their massive, secure networks to facilitate IoT.

This is also a very significant new opportunity for CSPs. Right now, less than 10% of the overall IoT market comes from connectivity and network managed services, like those CSPs can offer. Implementing these services will enhance profitability. For example, digital applications enabled by IoT, a key service that CSPs can provide, is likely to represent more than 30% of large CSPs’ enterprise-based revenue.

How to take advantage of the opportunities

Putting in place enterprise end-to-end offerings like this can seem overwhelming, but it offers profit potential and fits the framework that CSPs already have. To facilitate this, organizations need to first focus on connectivity. The well-developed networks of CSP management services, as well as their IoT-enabled applications, provide an access point. These organizations already have the ability to scale the number of things connected within any enterprise. They have the tools available to move data across the cloud in a reliable manner. And, they have the means to distribute intelligence to further points.

Creating the digital platform to launch it all

To transform from a typical connectivity service provider into one that meets the newer service demands, a telecom organization needs a versatile IoT platform. The platform must provide the support necessary for large-application development. It must be able to integrate its customers’ backend systems into the new platform. Additionally, it must provide the services that help CSPs manage the cost of their operations as their organization grows.

With 8.4 billion “things” in use and connected in 2017, according to Gartner, it’s time to find a way to tap into this industry. Transforming CSPs’ services through end-to-end offerings can create a new revenue source in one of the fastest growing and in-demand industries today.

 Learn how to bring new technologies and services together to power digital transformation by downloading The Future Services Sector: Connected Services for Continuous Delivery.


Internet of Things – Digitalist Magazine

Global semiconductor revenue hits $419.7 billion in 2017, says Gartner

Preliminary results released by Gartner showed that global semiconductor revenue amounted to $ 419.7 billion in 2017, up 22% year-over-year.

The memory market, which accounted for 31% of the overall semiconductor revenue in 2017, realised revenue growth of 64% due to higher prices arising from undersupply. Samsung Electronics occupied the top position in the memory vendors list for 2017, followed by Intel, SK Hynix, Micron Technology and Qualcomm.

Andrew Norwood, research vice president at Gartner, said: "The largest memory supplier, Samsung Electronics, gained the most market share and took the No. 1 position from Intel — the first time Intel has been toppled since 1992. Memory accounted for more than two-thirds of all semiconductor revenue growth in 2017, and became the largest semiconductor category.”

Samsung Electronics outpaced Intel as the top memory vendor with revenue of $ 61.2bn, up from $ 40.1bn in 2016, compared to Intel’s 2017 revenue of $ 57.7bn (2016 revenue: $ 54.1bn). The third position is occupied by SK Hynix with revenue of $ 26.3bn, followed by Micron Technology and Qualcomm with revenue of $ 23.1bn and $ 17.1bn, respectively. In terms of market share, Samsung Electronics held 14.6% and Intel’s market share stood at 13.8%. SK Hynix, Micron Technology and Qualcomm’s market share stood at 6.3%, 5.5% and 4.1%, respectively.

Norwood added: “The current rankings may not last long, however, Samsung’s lead is literally built on sand, in the form of memory silicon. Memory pricing will weaken in 2018, initially for NAND flash and then DRAM in 2019 as China increases its memory production capacity. We then expect Samsung to lose a lot of the revenue gains it has made."

iottechnews.com: Latest from the homepage

Smart home platform revenue to touch $39.5 billion in 2026, projects Navigant Research

A new Navigant Research report has projected that smart home platform revenue globally will reach $ 39.5 billion in 2026 from the present worth of only $ 4.2 billion.

At the time when consumers are getting more and more conscious about smart home technologies, the report analyses the global smart home platform with focus on residential IoT hardware, software, services, and smart home platforms. It also discusses the issues associated with the smart home market including value propositions, market channels, and drivers and barriers as well as key devices and technologies.

According to the report titled “The Smart Home”, adoption of the smart home platform among consumers is motivated by several factors such as tech incumbents, telecommunications providers and security providers. It is also held that these stakeholders are putting their existing footprint to involve in the smart home market resulting in increased availability smart home devices.

Paige Leuschner, research analyst with Navigant Research, said: “The concept of a smart home has the potential to revolutionize the way we interact with our homes and the grid. Homes that act intuitively and intelligently through a comprehensive ecosystem of hardware, software, and services not only enrich consumers’ lives, but also play a role in the transition to the Energy Cloud.”

Meanwhile, another Navigant Research report has projected that combined cumulative revenue for Industrial Internet of Things (IIoT) devices, software and services worldwide will surpass $ 1 trillion by 2027. According to the report, enterprises will the main drivers behind this trend as they realise the truth value of IIoT, which leads to decreased costs and increased equipment maintenance.

iottechnews.com: Latest from the homepage

IIoT revenue to cross $1 trillion by 2027, projects Navigant Research

A new Navigant Research report has projected that the combined cumulative revenue for Industrial Internet of Things (IIoT) devices, software and services throughout the world will cross the $ 1 trillion mark by 2027.

The trend will be driven by an increasing number of enterprises as they start realising the benefits of IIoT leading to lower costs and increased equipment maintenance, the research firm added.

The report, titled “Industrial Internet of Things”, analysed the overall emerging IIoT market and highlighted the key market drivers and technologies as well as the regulatory frameworks. According to the report, in the beginning IIoT solutions can appear to be a little complex to administrators who are not aware about hardware, software, and service choices.

Neil Strother, principal research analyst with Navigant Research, said: “We are starting to see more and more companies across the spectrum adopt IIoT strategies, deploying hardware and software platforms to help lower operational spend, and to serve as a competitive differentiator that can help them sell products and services at lower costs.”

Elsewhere, a Technavio report on smart farming practices using IoT held that the future of agriculture is being shaped by IoT resulting in increased crop yields, real-time plant and filed monitoring and enhanced supply chain management.

According to the report, the global IoT market in smart farming will grow at a CAGR of almost 11% from 2017-2021. The report has highlighted three drivers that are responsible for the growth of the IoT market in smart farming worldwide viz a decline in the rates of sensors; boost in IoT solutions for remote monitoring; and lack of arable land and a swell in population.

iottechnews.com: Latest from the homepage