Internet of Things: Leading Technology Companies in the World

The Internet of Things, or IoT, describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. Use cases include the automated home, the connected car, wearable technology, the automated home, smart cities, and predictive maintenance for industrial machinery. Four key technologies are enabling today’s IoT ecosystems: AI, cloud computing, cybersecurity, and 5G. IoT is one of the primary enablers of digital transformation. When combined with other emerging technologies, such as AI, 5G, and cloud computing, it can lead to enhanced operational efficiency, reduced costs, improved decision-making, and better customer experience. Broadcom Inc (Broadcom) is a leading company making its mark in the IoT sector. Broadcom is a designer, manufacturer, and supplier of infrastructure software and semiconductor solutions. The company generates revenue from two sources: Products and Subscriptions and Services. In FY2021, Products accounted for 76% of the company’s revenue and Subscriptions and Services (24%). Broadcom is a leading maker of data center chips, with a significant presence in communication networking chips. Broadcom’s chips are used in the data centers of leading cloud providers such as Amazon and Microsoft, where capacity is growing at double-digit rates. It is one of the leading contenders for setting a common IoT interconnection standard. Honeywell International Inc (Honeywell) is another leading company making its mark in the IoT sector. Honeywell is an engineering and technology company, which invents and manufactures technologies that address challenges in energy, security, safety, productivity, and global urbanization. Its offerings include energy-efficient products and solutions, specialty chemicals, process technologies, electronic and advanced materials, and productivity, sensing, safety, and security technologies. The company serves customers in the aerospace, refining, and petrochemicals, buildings, and industries.