Samsung Internet of Things is a name to reckon with in the industry. However, given the huge image of the South Korean company, they are ranked pretty low.
Samsung Internet of Things
In today’s scenario, Samsung Internet of Things is a big name, or let’s say, they are trying to be. The company is pushing the world towards a smarter world as it has dished out quite a few quality smart devices. To give its dream a harder push Samsung Internet of Things has acquired SmartThings to strengthen the presence in the home automation market. Some countries like South Korea had already developed an operating system for loT products, but most of the transformation is locked up in the patents.
According to LexInnova data, a new report, compiled by Quartz which ranks companies on the basis of loT patents they hold. On the basis of Samsung’s stature Samsung was ranked 9th which is quite low. Networking equipment, routers, chipsets and similar hardware making companies mostly hold the loT patents. On the list are Intel, ZTE, Nokia, followed by LG that rank 2nd, 3rd, 4th, and 5th while Qualcomm leads the list with 724 patents.
Alluringly, Samsung Internet of Things doesn’t seem to hold any “high-strength” IoT patent. Only ones, these high strength patents are prosecuted, which suggests that only 1.5 percent of all the IoT patents are worth the cost of taking worthy action. There is an advantage to Qualcomm when it comes to a high strength loT patents, and in the last year the company made the revenue of $1 billion from the chips used in loT products.
Other prominent names that come before Samsung are Ericsson, Huawei and Sony. However, a company like Samsung will certainly make its existence felt on the world scene with Samsung Internet of Things.