The Internet of Things promises a great future for Intel

The fact that now is a small part of the business of Intel, tomorrow may increase its income by almost a quarter. Lots of IoT devices — from washing machines to cars and quadcopters — generate tons of information. And all this data is processed and stored on chips in information centers, and this is already a market dominated by Intel - its share is 95%.

Most people know that Intel produces chips for computers, but few people think that the company may in the future supply chips for a wide list of equipment and devices that are part of the concept of the Internet of things. And this could be a gold mine for a corporation. According to Business Insider, currently only 5% of Intel’s products are designed for the so-called “Internet of Things” segment. However, the Internet of Things is becoming a new trend, technologies are developing, and their popularity is growing. So this is a market with a lot of potential.

As the Internet of things grows, data processing and storage centers will develop along with it. Intel is a leader in the production of microprocessors for servers, so it is logical to assume that the company will be one of those who benefit from the popularity of the new technology. On Monday, Trefis Investment Bank announced that the IoT segment would add about 20% to the cost of Intel.
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In addition, Trefis published analytics, according to which the Internet of Things network will cover more than 30 billion connected devices worldwide by 2020. The economic effect will be about $ 6.2 trillion in less than 10 years - by 2025.

Diane Bryant’s point of view, which is Intel’s first vice president and head of the Data Center Group, is consonant with the idea that Trefis analysts wrote about: “All those connected devices create a huge amount of data where we manage and store data is also part of what we do. ”