CAMARILLO, Calif., May 2018 — Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors and advanced algorithms announced today: Comcast's enterprise Internet of Things (IoT) network services company machineQTM is already in 10 US cities Provides practically-implemented LoRaWANTM network connectivity. By providing extensive and comprehensive network coverage in these markets, increased network edge access capabilities can add value to solution providers and enterprises, laying a solid foundation for nationwide deployments. basis.
According to ABI Research, the total revenue generated from covering 12 critical smart city technologies such as metering, parking and street lighting, and IoT technologies in the vertical industry will increase from approximately 25 billion U.S. dollars in 2017 to 62 billion U.S. dollars in 2026. The average annual growth rate will reach 11%. This rapid deployment will require a proven infrastructure that can be extended and provide key functions such as long distance, low power consumption to support multiple applications. MachineQ is already in Philadelphia. , Chicago, San Francisco, Atlanta, Baltimore, Boston, Denver, Detroit, Indianapolis, Miami, Minneapolis/St. Paul, Oakland, Pittsburgh, Seattle and Washington, DC deployed and launched the network. All 10 cities Azimuthal network coverage demonstrates a steadily expanding trend: Through the widespread deployment of Semtech's LoRa® devices and radio frequency technology (LoRa technology), smart applications can be supported to make informed business decisions.
'As we continue to deploy LoRaWAN-based networks in U.S. cities, we are supporting companies from all walks of life to bring IoT solutions to market faster, which benefits the entire ecosystem.' Alex Khorram, general manager of machineQ at Comcast, said: 'We have seen a real growth driver because both solution providers and end users are equally aware of the benefits of having a low-power, wide-area connectivity option, and because they intend to make full use of it. The Internet of Things within its organization. '
'In the past year, more and more IoT use cases are rapidly growing. Optimized LoRaWAN networks launched by machineQ are driving the deployment of more diverse applications and IoT,' Vice President of Semtech and Wireless and Sensing Products Business. General Manager Marc Pegulu said that 'machineQ's extensive and comprehensive coverage in these 10 cities provides proof that companies are convinced that Semtech's LoRa technology is a proven and established IoT platform that can support From diversified applications such as improving parking congestion to remote lighting control of street lights, to make cities smarter.