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Arrow Joins Force With IBM for Internet of Things Support
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Leading electronic parts distributor, Arrow Electronics, Inc. (ARW - Free Report) , has teamed up with International Business Machines Corporation (IBM - Free Report) to deliver pioneering solutions to accelerate the growth of Internet of Things (IoT) in Asia Pacific.
The alliance will enable Arrow's ideation-to-production services to integrate with IBM's Watson Internet of Things (IoT) platform to help its customers in Asia Pacific and providing analytic platforms, cloud and security technologies. This will bring continuous and complete IoT solutions to market.
Arrow and IBM's joint offerings will aid CASCADEMIC Solutions, an industrial IoT solutions provider. Abdullah Khan. M, president of CASCADEMIC, stated, “With IBM's Watson IoT platform and Arrow's ideation-to-production services, we are in a strong position to empower our customers and partners to develop smart city applications with integrated IoT solutions that will help significantly reduce development costs and time-to-market."
Market research firm IDC recently acknowledged IBM’s Watson Internet of Things (IoT) platform as a “Leader” in its Marketscape for 2017 Worldwide IoT Platforms.
In today’s data-driven world, IoT platforms play a huge role. The platform will connect devices, gateways and processes and analyzes gathered information devices for relevant actions. Additionally, security of the entire process is managed as well.
Scope of the IoT Market
According to IDC, Asia Pacific is set to be at the forefront of IoT, with the number of connected devices expected to increase from 3.1 billion to 8.6 billion by 2020. This will create a market opportunity of $583 billion.
According to the news, more than 90% of the world's data has been created in the last two years. We believe that the chances of tapping into such an opportunity within the fast-growing IoT market is astounding. In its Jun 2015 report, the McKinsey Global Institute projected that IoT applications could reach as much as $11.1 trillion every year by 2025. We believe that Arrow will gain from the continued proliferation of IoT devices by adding IoT cloud into its existing solutions,.
Share Price
The stock has returned approximately 24.8% in the last one year, outperforming the Zacks Electronics Parts Distribution industry’s gain of 13.2%.
Bottom Line
The integration will help Arrow become a key player in the automotive and industrial IoT segments. Given the ever-increasing number of connected products making their way into our everyday lives, IoT is poised to grow strongly. This alliance provides the company with some key capabilities to cater to this huge opportunity.
The long-term expected earnings per share growth rate for Applied Optoelectronics and Marvell are 18.75% and 15.49%, respectively.
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Arrow Joins Force With IBM for Internet of Things Support
Leading electronic parts distributor, Arrow Electronics, Inc. (ARW - Free Report) , has teamed up with International Business Machines Corporation (IBM - Free Report) to deliver pioneering solutions to accelerate the growth of Internet of Things (IoT) in Asia Pacific.
The alliance will enable Arrow's ideation-to-production services to integrate with IBM's Watson Internet of Things (IoT) platform to help its customers in Asia Pacific and providing analytic platforms, cloud and security technologies. This will bring continuous and complete IoT solutions to market.
Arrow and IBM's joint offerings will aid CASCADEMIC Solutions, an industrial IoT solutions provider. Abdullah Khan. M, president of CASCADEMIC, stated, “With IBM's Watson IoT platform and Arrow's ideation-to-production services, we are in a strong position to empower our customers and partners to develop smart city applications with integrated IoT solutions that will help significantly reduce development costs and time-to-market."
Market research firm IDC recently acknowledged IBM’s Watson Internet of Things (IoT) platform as a “Leader” in its Marketscape for 2017 Worldwide IoT Platforms.
In today’s data-driven world, IoT platforms play a huge role. The platform will connect devices, gateways and processes and analyzes gathered information devices for relevant actions. Additionally, security of the entire process is managed as well.
Scope of the IoT Market
According to IDC, Asia Pacific is set to be at the forefront of IoT, with the number of connected devices expected to increase from 3.1 billion to 8.6 billion by 2020. This will create a market opportunity of $583 billion.
According to the news, more than 90% of the world's data has been created in the last two years. We believe that the chances of tapping into such an opportunity within the fast-growing IoT market is astounding. In its Jun 2015 report, the McKinsey Global Institute projected that IoT applications could reach as much as $11.1 trillion every year by 2025. We believe that Arrow will gain from the continued proliferation of IoT devices by adding IoT cloud into its existing solutions,.
Share Price
The stock has returned approximately 24.8% in the last one year, outperforming the Zacks Electronics Parts Distribution industry’s gain of 13.2%.
Bottom Line
The integration will help Arrow become a key player in the automotive and industrial IoT segments. Given the ever-increasing number of connected products making their way into our everyday lives, IoT is poised to grow strongly. This alliance provides the company with some key capabilities to cater to this huge opportunity.
Arrow carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader technology sector are Applied Optoelectronics, Inc. (AAOI - Free Report) and Marvell Technology Group Ltd. (MRVL - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected earnings per share growth rate for Applied Optoelectronics and Marvell are 18.75% and 15.49%, respectively.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>