![]() Notably, Avnet has been trying to use its resources to make investments in embedded solutions, IoT and critical digital platforms, as well as expand its footprint in newer markets, for the last one year. Therefore, in our opinion, this acquisition will enable Avnet in providing powerful, simple-to-use tools to engineers which will enable them to manufacture and roll out hardware products in a more fast and cost-effective manner. This is because Dragon Innovation enjoys strong presence in the IoT space, offering its services to a wide range of industries, including home automation, wearables, robotics and automotive. ![]() Although Dragon Innovation’s tools can be used by IoT, as well as non-IoT manufacturers, Avnet is more inclined toward supporting the IoT space. Avnet’s recent move is seen as part of its strategy to expand its presence in the Internet of Things (IoT) space.
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