Borqs Technologies, Inc. (NASDAQ: BRQS), a global leader in embedded software and products for the Internet of Things (IoT) industry, is pleased to announce it has been selected among the 10 Fastest Growing IoT Companies by The Silicon Review.
As Gartner reports that IoT devices have increased 31 percent from 2016 to 2017, hitting 8.4 billion connected “things”, and predicts the number is expected to surge to 20.4 billion by 2020. Additionally, there are estimations that the number of IoT devices will surpass the number of mobile devices by as early as next year. Because those devices need sensors, networks, back-end infrastructure and analytics software to make them useful, The Silicon Review has identified the 10 fastest growing in IoT companies measured by the market impact, leadership skills, product values, client satisfaction and future growth projection.
“We are thrilled to have been selected as one of Silicon Review’s top 10 fastest growing IoT companies,” said Pat Chan, Borqs’ chief executive officer and founder. “With research and development centers in China and India—and a strong presence in the USA, Japan and Korea — Borqs enables its customers worldwide to win in the IoT marketplace. We’re proud to have achieved superior leadership and customer recognition throughout the world.”