Borqs Technologies, Inc., a global leader in embedded software, products and cloud solutions for the Internet of Things (IoT), is pleased to announce it has been recognized by Insights Success magazine, a publication that focuses its coverage on emerging and quickly-growing companies and their leadership, as one of the 10 most innovative IoT solution providers.
“We are honored to be recognized by Insights Magazine,” said George Thangadurai, EVP and President of International Business at Borqs. “To be included on this prestigious list is a testament to Borqs’ hard work and dedication to providing innovative solutions to meet the needs of our customers around the world.”
According to Gartner, businesses are spending more on the IoT market overall, with companies set to spend $964 billion on IoT hardware this year, compared to consumer spending of $725 billion. This year, spending on IoT devices and services will reach nearly $2 trillion, which will be spread across North America, China and Western Europe, where about 67 percent of IoT devices exists.