Sigfox wins F&S award and joins IMC
June 23, 2016
Sigfox has been named the 2016 Frost & Sullivan Asia Pacific most promising IoT networking provider of the year. The French company has also joined the trade association the IoT M2M Council (IMC) as the group's newest sustaining company and board member.
The F&S award is given to the vendor based in Asia Pacific that has demonstrated exemplary performance and growth in 2015. The contenders of this award were evaluated and judged based on their business model, stakeholder backing, highlights and innovation, go-to-market in Apac, and strengths and weaknesses.
Sigfox opened its Asia Pacific office in Singapore early this year. It named industry veteran Roswell Wolff as president of Sigfox Apac to oversee its rapid expansion in the region, which is expected to be a leading global market for the IoT. As a first step of its plans to roll out the network across the whole Asia Pacific region within the next three years, the company announced its deployment in Australia and New Zealand in April.
“Sigfox’s dedicated IoT network, with rapid rollout and international connectivity, will accelerate use of the IoT in this region,” Wolff said. “Billions of security, asset tracking, smart-city and utility-service devices will require regional connections and links to a global network, and Sigfox is the only company delivering this critical connectivity and IoT capability on a worldwide basis.”
The expansion worldwide has led Sigfox to join the IMC. Both organisations have been moving fast of late, with Sigfox announcing it will build out its public network in 100 US cities in the coming year, and the IMC crossing the threshold of 18,000 members worldwide, and growing at a rate of almost 300 new members weekly.
"We look at the IMC as a unique membership group in the IoT sector, comprised of individuals that are in need of deploying connected devices," said Allen Proithis, president of Sigfox in North America. “Our membership is a chance to educate potential users about the benefits of low-power wide area [LPWA] dedicated IoT connectivity, and an opportunity for Sigfox to gather more input about their needs.”
LPWA is a low bandwidth technology that reduces the power consumption and cost of connecting devices in the field.
"Sigfox has over seven million devices registered on its networks around the world, and the IMC's global reach and coverage of a wide range of vertical markets were also key factors in their decision," said IMC executive director Keith Kreisher.
Sigfox's corporate headquarters are in France, with offices in Boston, Dubai, Madrid, Munich, San Francisco and Singapore. The IMC counts roughly 30 per cent of its membership from Europe, 30 per cent from North America, with the rest spread across the globe. IMC members identify as serving 25 different vertical markets, including energy, healthcare, transportation, retail, building and construction, manufacturing, and public infrastructure.
Awareness of LPWA connectivity has steadily increased among the group's membership over the past several quarters, according to surveys taken by the IMC.
"We look at our technology as key to allowing scores of new categories of devices to be connected, and it's important to have this kind of quantitative barometer for what we're trying to accomplish," said Proithis.