Qualcomm announced a partnership with Verizon for accelerating innovation in Internet of Things(IoT) with the introduction of ThingSpace-ready modules from Quectel and Telit using Qualcomm Technologies’ M1 LTE modem. Verizon is making a development kit available to public so that it will be easier to push the boundaries of IoT space and make new applications using their ThingSpace ready module.
Qualcomm is predominant designer of low-power cellular networking hardware for mobiles and IoT. This partnership with Qualcomm seems that Verizon is planning to expand its offerings within the IoT. This partnership with America’s one of most reliable wireless networks could also help Qualcomm in expanding its IoT business. “Qualcomm Technologies and Verizon share the same vision for the industrial IoT, and we are pleased to continue working together to help simplify and accelerate the deployment of intelligent connected devices for this segment,” said Jeffery Torrance, vice president of business development, Qualcomm Technologies, Inc.
Also Verizon’s pre-integrated Thingspace software provides a single solution for both wireless data and cloud service management for IoT devices which make it easier for developers to create applications. Verizon also stated that partnering with Qualcomm could offer a easy and seamless way to develop new applications by incorporating LTE connectivity into them. This could open up new revenue for both Qualcomm and Verizon and expand its market apart from their core business.