As part of its own, ongoing digital transformation, Qualcomm today announced the expansion of its portfolio IIoT solutions to enable the advancement of next-generation IoT devices: Qualcomm QCS8550, Qualcomm QCM8550, Qualcomm QCS4490 and Qualcomm QCM4490 Processors.
Qualcomm is going after a natural market. The global Industrial Internet of things (IIoT) market size reached US$ 221.7 Billion in 2022, according to IMARC Group.
Looking forward, IMARC Group expects the market to reach US$ 516.6 Billion by 2028, exhibiting a growth rate (CAGR) of 15.49 percent during 2023-2028, driven by the increasing application of industrial IoT across numerous industry verticals, such as retail, transportation, and oil and gas.
“Qualcomm Technologies is uniquely positioned to take the IoT ecosystem forward,” said Dev Singh, vice president, business development and head of building, enterprise & industrial automation, Qualcomm Technologies. “Our new solutions bring together the industry’s leading technologies across edge AI processing, innovative power efficiency, crystal-clear video, 5G connectivity, and more to fuel the next-generation of resilient, high-performing IoT applications.”
The new Qualcomm QCS8550 and QCM8550 Processors combine maximum compute power, extreme edge AI processing, Wi-Fi 7 connectivity, and vivid graphics and video to enable and quickly deploy performance focused IoT applications, such as autonomous mobile robots and industrial drones.
This premium offering is engineered with Qualcomm Technologies’ AI architecture optimized to deliver extreme processing power to a diverse range of business models and use cases. The Qualcomm QCS8550 and QCM8550 also feature robust video and graphics processing for enabling immersive cloud gaming, video collaboration, and video streaming experiences.
The Qualcomm QCS4490 and QCM4490 Processors deliver features such as premium connectivity and next-gen processing to industrial handheld and computing devices.
The solutions are equipped with both 5G and Wi-Fi 6E for multi-gigabit speeds, extended range, and low latency, and powerful, efficient processing to handle complex computing tasks. The Qualcomm QCS4490 and QCM4490 Processors are designed with planned support for Android releases through version 18, meaning they can be used in industrial designs through 2030, providing flexibility and longevity for maximizing development time and cost savings, according to the company’s announcement.
In addition to meeting the intense processing needs required by industrial handheld and computing devices, these mid-tier solutions are also ideal for other IoT applications and IIoT Solutions that require low-latency connectivity, enhanced reliability, and an optimized development time including advanced retail and point of sale, as well as control and automation applications like security panels.
The enterprise IoT market grew 21.5 percent to $201 billion in 2022, according to the January 2023 update of IoT Analytics’ Global IoT Enterprise Spending Dashboard.
Based on their forecast, a faster recovery of the world economy, stronger supply chains, and sustained investment into new technologies to mitigate labor shortage is anticipated in 2023. IoT Analytics forecasts the IoT market size to grow at a CAGR of 19.4 percent to $483 billion from 2022 until 2027.
