ARM (LSE: ARM.L) is a provider of Semiconductor Intellectual Property (IP). Headquartered in Cambridge, UK, the company has a current market cap of around Rs.75,092.16 crore.

Technology & Innovation drives economic growth today. Gartner predicts that Apps, Personal Cloud and Data Analytics will drive new consumer interactions in 2014. Alongside, we see reports that state that worldwide IT spending will grow 5 percent year-over-year to $2.1 trillion in 2014 Sales of Smartphones and tablets will continue to rise - while money spent on servers, software and services will be greater and more effective than in 2013.

In addition, emerging markets are expected to return to double-digit growth, driving nearly $740 billion or 35 percent of worldwide IT revenues, according to reports - garnering over 50 percent of worldwide growth in IT spending.
Sales of media tablets on the other hand should grow at 20 percent and Smartphones by 12 percent. As per IDC, cloud spending, including cloud services and the technology to enable these services will rise by 25 percent in 2014 - reaching over a whopping $100 billion.
According to Metcalfe's law, the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). That is, the number of connections, which is the real value of the network, grows with the square of the number of nodes. In simple terms, more the volume of connected devices, more the merrier. We had witnessed the success of this rule with Internet and social networks; and also stand witness to the same phenomenon in the Internet of Things (IoT).

IoT has a play in mobile banking, personal health monitoring, smart home managing including home security to smarter meter/grid, to smart cars and others. IoT will mean different things to different people - and that is how it should be.