Forbes: Qualcomm will step out of the haze of acquisition and double the income of the Internet of Things

   According to foreign media Forbes, although Qualcomm's acquisition of Enzhip ended in failure, Qualcomm has taken a differentiated path in the Internet of Things (IoT) market and estimated that compared with two years ago, Qualcomm's Internet of Things revenue is expected to double this fiscal year.

   At an analyst seminar in San Diego, Qualcomm Senior Vice President and Chief Marketing Officer Penny Baldwin frankly shared the company's strategy, according to which Qualcomm has transformed from a former "patent licensing plant" to a company that rolls out real products to address business and technical challenges in a diverse market segment.

   Qualcomm recently announced IOT's success stories in a variety of business areas, including manufacturing, retail, supply chains, businesses, energy/utilities. Each of these industries is actively exploring the advantages and efficiencies that the Internet of Things offers, particularly in the areas of edge computing and industrial equipment.

   Analyst Chris Wilder points out that Qualcomm has a strong strategy to cope with these markets. Therefore, compared with two years ago, the revenue of the Internet of Things of Qualcomm is expected to double in this fiscal year. Qualcomm expects its industrial Internet of Things to grow at a compound annual growth rate of about 20% over the next three to four years. But analysts believe that Qualcomm's estimates are too conservative and that it will grow at a compound annual growth rate of 25-30% in the coming years. As the number of deployments of the Internet of Things shifts from proof of concept (POC) to actual production, the demand for connected devices will explode.

Qualcomm can't be taken lightly in the automobile market

   One of the backward areas of Qualcomm is the automobile market. Analyst Chris Wilder said the acquisition of Enzhip would put the company literally and visually in the position of an industry competitor. In the short term, it will be difficult for Qualcomm to keep up with Intel and NVIDIA, but that doesn't mean there are no other acquisition opportunities to make up for this loss.

Security is the core of Gotong's Internet of Things strategy

   Security is one of the major challenges for the growth of the Internet of Things. Qualcomm provides a solid security strategy for the Internet of Things and edge computing at the chip level. Edge security is one of the components that are often overlooked in most Internet of Things platforms and solutions. Edge computing refers to when data processing is closer to a data source, such as inside a gateway or sensor, rather than just in the cloud.

   Qualcomm's security strategy has differentiated it from chips to the cloud. The company's Wireless Edge Service will provide customers with a clear way to manage edge devices wirelessly and address major challenges in large-scale deployment of the Internet of Things. At present, the Qualcomm team has made progress in future innovation. In the long run, a common goal and a solid team will help Qualcomm to provide greater shareholder value.

   Analyst Chris Wilder believes there is no doubt that Qualcomm has a place. Internet of Things and device security are two areas where Qualcomm immediately shows success, bringing it considerable market share and revenue. (Global Network Technology Reporter Zhang Zhiying)