Digital Twin Apps in Industrial Markets Gain Momentum
IT innovations, such as Big Data analysis, machine learning, artificial intelligence (AI), software analytics and cloud solutions — as well as the growing demand for sensors to capture and process data — have been significant drivers for the adoption of Digital Twin use cases.
How Smart City Technology Improves Decision Making
“The Newcastle Urban Observatory is part of a global movement to develop what are known as smart cities: where embedded sensors provide real-time data on city systems to optimize performance and enable evidence-based decision making.”
Wireless Apps will Transform the Smart Building Market
“Together, these new smart building solutions will grow at a 32 percent CAGR over the next 8 years to create $2 billion in software and services revenues by 2026, according to the latest worldwide market study by ABI Research.”
These 5 Technologies Provide Profit and Purpose
“When looking at five specific technologies – data analytics, sensors, artificial intelligence (AI), automation and blockchain – uptake across all sectors has increased year over year, with 94% of business leaders saying they are putting these technologies to work in order to stay competitive.”
Why Industrial IoT and New Public Services will Blossom
The number of connected Internet of Things (IoT) devices, sensors and actuators will reach over 46 billion in 2021, according to the latest worldwide market study by Juniper Research. This 200 percent increase in growth from 2016 will likely be driven by a reduction in the unit costs of hardware.
Source: Digital Lifescapes
Benchmarking the Internet of Things for High Growth
As more business leaders work on their strategies for the Internet of Things (IoT), industry analysts are researching use cases for these technologies. Having evaluated similar technologies in the past, one of the most successful devices was deemed to be the anti-theft tag known as electronic article surveillance (EAS).
Source: Digital Lifescapes
IoT Gateway Shipments to Reach 64 Million Units by 2021
Telecom service providers are exploring the applications for the Internet of Things (IoT), as an extension of their network access offerings. Demand for IoT gateways, which manage and control complex connected environments by aggregating and transmitting sensor data, are on the rise.
Source: Digital Lifescapes
Total Global IoT Revenue to Reach $3 Trillion by 2025
Current estimates of the commercial impact from the Internet of Things (IoT) market opportunity are already being rated in the billions and trillions. Machina Research recently published its annual guidance on the growth of the global IoT market, adding more data and insight to the future projections.
Source: Digital Lifescapes
New Automobile Software Upgrade Market Opportunities
As the Software Over-the-Air (SOTA)-enabled vehicles market gains momentum, ABI Research forecasts that 203 million OTA-enabled cars will ship by 2022. Both SOTA and Firmware Over-the-Air (FOTA) will see a spike, with nearly 180 million new cars supporting SOTA and 22 million FOTA by 2022.
Source: Digital Lifescapes
Emerging $5.5 Billion Market for Sensors in Wearable Tech
Sensors are an essential component of most Internet of Things (IoT) use-case scenarios. Sensors also enable the key applications in wearable devices. This is why made-for-wearable sensors are being developed around the world, and the market is already primed for significant growth.
Source: Digital Lifescapes
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