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Samsung Electronics ranks second in IoT industry: report

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2015-10-01

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Samsung Electronics is the second most innovative firm in the Internet of Things industry‚ right behind Intel and just ahead of Google and IBM.
That's according to a ranking of the top Internet of Things companies based on data by industry tracker WTVOX.
This marks a huge leap for the Korean tech giant‚ which climbed seven places from ninth last year.
Internet of Things is the concept in which all physical objects are connected to the Internet and can identify themselves to other devices.
WTVOX says Samsung received its rank for expanding Internet of Things devices and components and creating an open ecosystem to support the developer community.
Intel‚ which has been ranked first in the industry since 2014‚ is estimated to have amassed two.one billion U.S. dollars in Internet of Things-related revenue last year. Reporter :

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