Qualcomm has estimated that by the end of 2018, five billion non-smartphone connected devices will be shipped.
The company said it wants to deploy tiny low-power chips that will be built into end-point devices in homes, cars, health care facilities, smart cities, and wearable devices.
Speaking at the "Internet of Everything" press event in San Francisco, Qualcoom unveiled that is looking at ways to get end points talking to each others in a mesh network, making communication faster and more power-efficient.
In answer to rising demand from the IoT market, the company also introduced the QCA401x and QCA4531 Wi-Fi-based chips, to connect gadgets and their sensors and apps.
Derek Aberle, President at Qualcomm said: "Qualcomm is already selling chips to automotive OEMs, and has sold 120 million smart home solutions in the past year. If the devices are smarter, much more of the computing can be done at the device instead of up in the cloud.
"We’ve had more than a billion dollars of revenues from the chip business related to the Internet of things."
Joseph Bousaba, senior director of product management at Qualcomm Atheros said: "A big part of Qualcomm Atheros’ strategy for the IoE is pairing the right mix of connectivity and computing capabilities from our deep technology portfolios to address the varying needs of the IoE.
"Both the QCA401x and QCA4531 align to this strategy and pair well with the range of offerings from our intelligent connectivity portfolio, including the QCA4002 and QCA4004 solutions, which have shipped in over 35 million products since their launch."