“The IP we are acquiring will provide us with valuable expertise in additional short-range technologies including BLE, which is set to become the de-facto standard for local area and personal area IoT wireless connectivity,” said Oozi Cats, Telit’s chief executive officer. “As one of the IoT’s fastest growing wireless technology areas, this IP will enable us to expand our market reach with a more comprehensive end-to-end connectivity solution.”
Industry analyst firm MarketsandMarkets estimates the global Bluetooth Smart and ‘Smart-Ready’ market to be worth $5.6billion by 2020 with Bluetooth Smart shipments to surpass 1.2billion units in five years, up from 49million units in 2013.
The integration of Bluetooth, BLE and NFC technologies into Telit’s portfolio is claimed to enable businesses to accelerate innovation based on these technologies, leveraging Telit’s cellular and GNSS modules, mobile network connectivity and IoT platform services. These hardware and service combinations are expected to enable enterprises to move from idea to business with minimal effort or investment, bringing to market a wider range of consumer solutions than would otherwise be possible.
