A recent press release reports, “Semtech Corporation, a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced it has joined the Continental Automated Buildings Association (CABA), an international non-profit industry association for the advancement of smart home and building technologies. In joining the association, Semtech brings its proven LoRa® devices and wireless radio frequency technology (LoRa Technology) for Internet of Things (IoT) to CABA’s extensive portfolio of smart home and building technologies. ‘Our mission is to enable organizations and individuals to make smarter decisions about the integration of technology in homes and buildings,’ said Ronald J. Zimmer, President and CEO of CABA. ‘Semtech’s LoRa Technology enables the simplification of deployment and acceleration to market of IoT devices. By joining CABA, Semtech will now have greater access to members of the smart home and building ecosystem for collaboration and the proliferation of LoRa-based solutions in this vertical’.”
The release goes on, “An organization of over 380 companies and more than 27,000 industry professionals, CABA specializes in the design, manufacture, installation, and retailing of home and building automation products. CABA assists members to increase market share by providing relevant products and services, such as networking opportunities, multi-disciplinary partnerships and strategic alliances between CABA members and external stakeholders. Statista predict that the smart home market will be worth approximately $40 billion in the U.S. alone by 2020. However, the IoT’s economic impact on factories, retail settings, work sites, offices, and homes could total as much as $6.3 trillion by 2025. In addition to hardware in commercial, retail and industrial buildings, IoT will have a significant effect on building management software, applications, and services. Semtech’s LoRa Technology is uniquely equipped to handle the challenges of smart home and building applications.”
Read more at Business Wire.
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