Market is fragmented and growing fast
One of the key enablers for the Internet of Things (IoT), machine-to-machine communications and Industrial Internet is connectivity. The needs for the connectivity solution vary between different applications and over time. At the moment there are several different competing connectivity technologies in the market and new ones are emerging. None of the technologies have proved to be the killer application for large scale IoT. Wirepas estimates, based on market studies, that in 2022 about 15 billion devices will be connected with non-cellular technologies, and out of these about three billion represent the addressable market for Wirepas.
The diversity of IoT applications and their requirements introduces a paradigm shift for connectivity solutions. The ability to flexibly optimize the connectivity solution to the needs of the customer’s business case and application is crucial to the development and growth of IoT based business.
The requirements for connectivity vary considerably between different IoT applications such as smart metering, sensoring, logistics and lighting. Because the use cases vary so much, one connectivity solution does not fit for all. Moreover, the requirements evolve over time per application. In fact, in many cases if the connectivity solution is not optimized for the application in terms of power, bandwidth, range, latency etc., the underlying business case does not apply anymore.
Our target is to connect 1 billion devices before 2022.