Tag Archive | internet of things

Automobile Telematics Enable New App Development

Automobile Telematics Enable New App Development

According to the latest worldwide market study by Berg Insight, the number of active aftermarket car telematics units will grow at a compound annual growth rate (CAGR) of 20.6 percent from 58.7 million at the end of 2018 to 150 million at the end of 2023.

via Digital Lifescapes

5 Industrial Connectivity Trends Driving the IT-OT Convergence

5 Industrial Connectivity Trends Driving the IT-OT Convergence

“The proportion of connected assets is projected to continue to rise and will be a key growth driver of the 5% CAGR that the $38.2 billion industrial connectivity market is projected to have between now and 2024.”

via IoT Analytics

Smart Meters Drive IoT Applications in North America

Smart Meters Drive IoT Applications in North America

According to Berg Insight, the installed base of smart electricity meters in North America will grow at a compound annual growth rate of 8 percent between 2018 and 2024 to reach 142.8 million units at the end of the forecast period.

via Digital Lifescapes

The Evolution of Smart City Technology Use Cases

The Evolution of Smart City Technology Use Cases

According to Navigant Research, cumulative 2019-2028 revenue for the global smart city technology market will reach $1.7 trillion. According to the report, the emphasis is now on deploying smart city solutions at scale.

via Navigant Research

Internet of Things Connectivity Solutions via Satellite

Internet of Things Connectivity Solutions via Satellite

By 2024, there will be 24 million IoT connections made via satellite, according to ABI Research. Their analysis unveils the long-term opportunity within the satellite space for the growth of IoT deployments, particularly in application verticals, such as agriculture and asset tracking.

via Digital Lifescapes

IoT Deployment Revenue will Reach $1 Trillion in 2022

IoT Deployment Revenue will Reach $1 Trillion in 2022

While organizations are investing in hardware, software, and services to support their IoT initiatives, their next challenge is finding solutions that help them to manage, process, and analyze the huge amounts of data being generated from all these connected things.

via Digital Lifescapes

AI for Predictive Maintenance Gains Momentum

AI for Predictive Maintenance Gains Momentum

Predictive Maintenance solutions market has reached $3.3B in 2018 and is forecast to grow at 39% to $23.5B by 2024. It is estimated that in 2024, adopters of Predictive Maintenance will save $188B in costs on top of other benefits such as improved regulatory compliance and enhanced safety.

via IoT Analytics