The Internet of Things (IoT) revolution, set to facilitate communication between billions of connected devices, has inspired tech companies from new startups to old-guard IT providers to move quickly in order to carve out a piece of the emerging market.

Two U.S. tech firms, San Jose, Calif.-based legacy networking hardware vendor Cisco Systems Inc. (CSCO) and Woburn, Mass.-based semiconductor manufacturer Skyworks Solutions Inc. (SWKS) have built out strong IoT-related businesses positioned to boom in 2017.

Cisco Systems

Like other legacy tech firms, Cisco has shifted focus away from its traditional bulky hardware systems sales, to provide cutting-edge solutions in the rapidly growing IoT space. Cisco foresees cloud traffic quadrupling by 2020, projecting the amount of connected devices to double from 25 billion in 2015 to 50 billion in 2020.

Earlier this year, Cisco bought out IoT firm Jasper Technologies in a deal worth $1.4 billion. The platform’s SaaS-based solutions allow users to analyze data, track performance, gain insights and quickly launch new IoT services. Cisco has also partnered with Hyundai in the connected car space, along with releasing new smart city cloud-based solutions that it says provides cities with real-time data to improve decision making and efficiency. Further, Cisco’s cloud-based security segment, which grew 11% in the most recent quarter, is set to benefit from a surge in demand for IoT security products. (See also: How Cisco Evolved in 2016.)

Skyworks Solutions

As Skyworks continues to diversify its analog and mixed-semiconductor business outside of its main smartphone market, in which Apple. Inc. (AAPL) remains its primary customer, the firm has invested significantly in high-growth IoT applications. Skyworks, with a market cap of about $14.1 billion, has used its edge as a main supplier for Apple in order to leverage its presence in IoT markets such as connected homes, medical, mobile, smart energy and wearable tech. The firm recently announced the opening of a design and research lab in San Diego, where it will focus on IoT technology.

Skyworks has taken strides to grab a portion of the global wireless connectivity market (which excludes cellular connectivity), projected to deliver 10 billion annual integrated shipments by 2021, says ABI Research. In November, Skyworks released a new product suite designed to deliver next-gen wireless solutions for IoT markets such as industrial automation, energy management and smart homes. (See also: How Skyworks Transitioned in 2016.)

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