#IoT-Asset Tracking Monitoring Market Share

[robertemma27-blog]

IoT-based Asset Tracking and Monitoring Market Size in the Asia Pacific Region

In recent years, the Asia Pacific region has emerged as a key player in the global landscape of IoT-based asset tracking and monitoring solutions. With rapid urbanization, industrialization, and the proliferation of smart technologies, businesses and organizations across the region are increasingly turning to IoT solutions to optimize asset management, enhance operational efficiency, and improve productivity. As a result, the market for IoT-based asset tracking and monitoring in the Asia Pacific region is witnessing significant growth and evolution.

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Market Size and Growth: The Asia Pacific region is experiencing robust growth in the IoT-based asset tracking and monitoring market, driven by factors such as the expanding industrial and logistics sectors, increasing adoption of IoT technologies, and government initiatives promoting digitalization and smart infrastructure. According to market research reports, the IoT-based asset tracking and monitoring market in the Asia Pacific region is projected to reach a valuation of USD 9.2 billion by 2029 by 2029, growing at a 12.8% CAGR during the forecast period.

Key Drivers: Several factors contribute to the growth of the IoT-based asset tracking and monitoring market size in the Asia Pacific region. These include:

Rising Demand for Supply Chain Optimization: With the Asia Pacific region serving as a global hub for manufacturing and trade, there is a growing need for efficient supply chain management solutions. IoT-based asset tracking and monitoring technologies enable real-time visibility into the movement and status of assets, helping businesses streamline logistics operations, minimize delays, and reduce costs.

Focus on Fleet Management: The Asia Pacific region is home to a vast network of transportation and logistics companies, which rely heavily on fleet management solutions to ensure the timely and secure delivery of goods. IoT-based asset tracking and monitoring systems empower fleet operators to track vehicles, monitor driver behavior, optimize routes, and improve overall fleet efficiency.

Expansion of Smart Cities Initiatives: Many countries in the Asia Pacific region are investing in smart cities initiatives aimed at enhancing urban infrastructure, transportation systems, and public services. IoT-based asset tracking and monitoring solutions play a crucial role in these initiatives by enabling efficient management of city assets such as streetlights, waste bins, public transportation, and utilities.

Advancements in IoT Technology: Technological advancements in IoT sensors, connectivity, and data analytics are driving innovation in the field of asset tracking and monitoring. With the advent of low-power wide-area networks (LPWANs) and advancements in RFID and GPS technologies, IoT-based asset tracking solutions have become more affordable, scalable, and reliable, fueling market growth.

Market Dynamics: The IoT-based asset tracking and monitoring market in the Asia Pacific region is characterized by intense competition, rapid technological innovation, and evolving customer demands. Key market players are focusing on product innovation, strategic partnerships, and geographic expansion to gain a competitive edge in the market. Additionally, regulatory initiatives and industry standards are shaping the market landscape and influencing the adoption of IoT solutions across different sectors.

Future Outlook: Looking ahead, the future of the IoT-based asset tracking and monitoring market in the Asia Pacific region appears promising. As businesses and governments continue to prioritize digitalization and invest in IoT infrastructure, the demand for asset tracking and monitoring solutions is expected to grow. Moreover, the integration of IoT with emerging technologies such as artificial intelligence (AI), blockchain, and edge computing is likely to unlock new opportunities and use cases, further driving market expansion.

[trendingreportz]

Fleet Management Software Market - Forecast(2024 - 2030)

Fleet Management Software Market Overview

Fleet Management Software Market size is estimated to reach $94.5 billion by 2030

, growing at a CAGR of 19.4%

 during the forecast period 2024-2030

. The Fleet Management Software solution provides authentic actionable data to aid automate fleet operations. To keep vehicles and other associated features performing smoothly, a fleet management solution offers data-based insights regarding safety, vehicle tracking, operations Management, passenger cars, and others. The significant transformation in the fleet management sector owing to digitalization, platformization and data-driven business models has driven the Fleet Management Software Industry. The rising adoption of Telematics software and hardware, enables fleet operators to seek complete fleet management lifecycle, starting from asset tracking, data capture, maintenance & repair to driver safety. Moreover, the emergence of the Fleet IoT market offers optimum and seamless connectedness across various assets, vehicles as well as mobile workforce management solutions to stream smart mobility

 solutions. In addition to that, demand for location-based asset tracking solutions across warehouses and the overall supply chain hub are some of the factors that will drive the Fleet Management Software Market.

Additionally, sustainability and environmental concerns have led to the adoption of eco-friendly practices and the integration of electric vehicles into fleets. Cybersecurity has emerged as a critical focus area, with companies investing in robust security measures to protect sensitive fleet data from cyber threats. Overall, the Fleet Management Software Market continues to evolve, driven by technological innovations and the pursuit of operational efficiency, safety, and sustainability in fleet management practices.Fleet Management Software Market Report Coverage

The report: “Fleet Management Software Market

” – Forecast (2024-2030)”, by IndustryARC 

covers an in-depth analysis of the following segments of the Fleet Management Software Market.By Deployment

: Cloud Based, On Premises and HybridBy Offerings

: Operation Management, Asset Management, Driver Management, Fuel management, Vehicle Maintenance & Leasing, Security and safety features , OthersBy End Users

: Power, Automotive, Mining, Oil and Gas, Aerospace and Defense, Utility, Logistics and Transportation and othersBy Geography

: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others)and RoW (Middle east and Africa)

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Key Takeaways

• The rising boom in e-commerce has accelerated the demand for effective operation of the logistic sector, which drives the growth of the Fleet Management Software Market.

• The demand for autonomous driving cars and Electric vehicles has grown exponentially, which drives the Fleet Management Software Market growth

• North America dominated the fleet management software market with a share of more than 41% in 2023, followed by Europe owing to the significant adoption of asset tracking devices across several end-verticals.Fleet Management Software Market Segment Analysis - By Deployment Types

By Deployment Types, the Fleet Management Software Market is segmented into Cloud Based, On Premises and Hybrid. The Cloud based segment is analyzed to register the highest share of 54% in 2023 due to the growing demand for operational efficiencies and to manage rising fuel prices, which needs innovative monitoring systems. In January 2022, Exide Technologies unveiled a cutting-edge cloud-based fleet management tool, Motion+ Fleet, designed to optimize warehouse operations by providing real-time data insights. This software empowers warehouse managers to enhance efficiency, maximize productivity, and streamline logistics operations. Therefore, the demand for smart fuel management program, enhanced mobility of passenger cars and other respective factors are accelerating the growth of the Fleet Management Software Market.

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Fleet Management Software Market Segment Analysis - By End Users

The Logistics and Transportation is analyzed to register the highest share of 56.4% in 2023 due to the growing demand of global trade activities, rapid E-commerce sectors surge and the emergence of cloud-based technologies for smart transportation. According to the Government of India report, Indian national and state highways account for a little over 5% of all road length but are responsible for more than 61% of traffic fatalities. Millions of cars drive through these roads every day, either managing the movement of goods exceeding a billion dollars or being used by industries like mining, construction, transport, and even public services. Rising cases of road accidents are anticipated to drive growth during the projected period. The augmentation of IoT solutions and developing connected networks are boosting the market growth. The technological innovations, advanced cellular System and various connected networks feasibility are contributing to the growth of the Fleet Management Software Market.Fleet Management Software Market Segment Analysis - By Geography

North America dominated the Fleet Management Software Market in 2023 with a share of 41.3%, followed by Europe owing to the significant adoption of asset tracking devices across several end-verticals. Moreover, the paradigm transformation to e-commerce from traditional retail stores has driven the demand for robust logistics support, thereby, accelerating the growth of Fleet Management Software Market. In October 2023, Volvo Trucks unveils Volvo Connect, an all-in-one fleet management portal offering digital services, analytics, and reports for enhanced fleet performance. This comprehensive solution streamlines operations, providing fleets with real-time insights and tools to optimize profitability and efficiency. Asia Pacific is estimated to witness the fastest growing market for the forecast period owing to the emerging competitive landscape, growing connected solution offerings and high demand of online shopping platforms. Hence, these market growth opportunities and performance across the telematics industry are contributing positively to the Fleet Management Software Market.

Fleet Management Software Market DriversRapid growth of e-commerce

The exponential rise of omnichannel shopping sectors for easy online shopping experience has influenced the supply and logistics sectors highly to adopt advanced IoT solutions, such as alarm systems, asset trackers, critical and complex fleet management software to meet the rising demand. In September 2022, Ford Pro™ introduced a comprehensive fleet management suite, streamlining operations with software solutions. This suite aims to simplify paperwork and data management for businesses, offering tools for fleet health monitoring, driver behavior analysis, and cost optimization. The logistic industry is completely based on the transformation of products to any part of the globe and thus, any interruption can cause disruption of performance. The rising boom in e-commerce has accelerated the demand for effective operation of the logistic sector, which drives the growth of the Fleet Management Software Market.

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Rising demand of connected cars and EV-vehicles

In recent years, the demand for autonomous driving cars and Electric vehicles has grown exponentially. Hence, the rising demand of connected cars and EV-vehicles across the globe is accelerating the growth of Fleet Management Software Market to aim improved driver performance, remote fleet management access and real-time communication. More customers are inclined to buy ADAS enabled vehicles due to massive safety features, onboard connectivity and sensors and greener version of driving experience. In May 2023, Inseego launches new support portal to enhance fleet customer experience. Inseego's new support portal enhances fleet customer experience by simplifying request resolution. Fleet users create tickets for instant allocation to specialists, enabling efficient tracking. Therefore, the adoption of fleet management software solution owing to the several advantages are the factors that drive the growth of Fleet Management Software Market. Fleet Management Software Market ChallengesBudget constraint for installing high-scale fleet software

To meet the growing demands in the logistic industry, the operators are trying to leverage more advanced fleet solutions like cloud-based software to manage wide-area coverage for better operation management. However, the tracking and follow-up of the fleet requires top standalone application or software-as-a-service solution, which is high-priced to prevent risk of cyber security and unauthorized access to the system. These factors are considered to hinder the growth of the Fleet Management Software Industry outlook.

Buy Now Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Fleet Management Software Market. Fleet Management Software Market top 10 companies include Geotab Inc., ZF Friedrichshafen AG, Verizon Connect, Trimble Inc., Omnitracs, LLC, GPSTrackit, Zonar Systems, Inc., WorkWave LLC, Bridgestone Group, Samsara Inc. and among others. Partnerships/Product Launches/Contracts

• In April 2023, Trimble introduced the industry's first dwell time metrics for fleet management, enhancing operational efficiency. Integrated into Trimble Fleet Manager, this innovation leverages Connected Locations, providing real-time insights to optimize fleet performance and logistics operations, catering to the demand for data-driven solutions in the Fleet Management Software Market.

• In February 2022, Chevin Fleet Solutions unveils FleetWave Lite software, designed to streamline fleet management processes. This user-friendly solution offers essential functionalities for efficient fleet operations, including asset tracking, maintenance scheduling, and cost management. FleetWave Lite aims to simplify fleet management tasks, catering to businesses seeking accessible and practical software solutions in the competitive Fleet Management Software Market.

[hammadchauhdary]

Internet of Things (IoT) Startup Revolutionizing 2024

The Internet of Things (IoT) startup revolutionizing 2024 introduces a transformative wave of innovation, profoundly influencing diverse industries such as healthcare, agriculture, logistics, and smart homes. As IoT continues to evolve, its ecosystem of connected devices facilitates seamless communication, significantly enhancing efficiency, user experiences, and operational sustainability.

In this detailed overview, we spotlight several pioneering IoT startups set to redefine the digital landscape in 2024:

Samsara

Samsara's Connected Operations Platform integrates real-time data from vehicles, equipment, and mobile devices into the cloud. This comprehensive fleet and asset management tool enhances safety, efficiency, and sustainability across transportation, logistics, and construction sectors. Samsara's plug-and-play technology offers quick deployment, immediate value, and extensive data processing capabilities, positioning it as a leader in connected operations.

Maintool

Maintool, with its innovative smart strap Classi, transforms traditional wristwatches into smart devices without altering their classic aesthetics. Equipped with health and activity tracking features, including heart rate and temperature monitoring, Classi bridges the gap between timeless watch design and modern wearable technology.

Waylay

Waylay offers a low-code hyper-automation platform excelling in workflow-based automation and data integration across IoT, OT, and IT domains. Its robust orchestration layer enhances operational efficiency by seamlessly integrating IoT solutions with existing IT systems, making it a versatile tool for various industries including telecom, manufacturing, and finance.

Cooey Technologies

Cooey Technologies' IoT platform specializes in health monitoring for senior and home care, utilizing smart devices to collect and analyze health data. The platform supports continuous health data analysis and voice-based interaction through the Maya assistant, promoting accessible and efficient health management.

Slock.it

Slock.it merges blockchain technology with IoT, creating a Universal Sharing Network (USN) that facilitates secure online markets for connected devices. Through smart contracts, Slock.it automates services in the sharing economy, enhancing transaction security and transparency.

Lime Microsystems

Lime Microsystems advances wireless communications with its LimeSDR platform, supporting diverse wireless signals and integrating flexible wireless technology. This platform is crucial for developing IoT gateway solutions, enabling applications such as radio astronomy and media streaming.

FiSens

FiSens specializes in fiber optic sensors, ideal for extreme conditions and industries requiring precise monitoring. Their sensors are crucial in sectors like aerospace and industrial processes, providing reliable data under harsh environments.

GWAGENN

GWAGENN's LPWAN solutions improve telecommunications by enhancing connectivity and accuracy in device location. Their user-friendly technology democratizes advanced telecommunications, fostering wider adoption across various sectors.

Mica Energies

Mica Energies' smart IoT dashboards enhance telecom performance management with advanced analytics and equipment monitoring. Their wireless charging solutions promote energy efficiency, supporting sustainable telecom infrastructures.

These IoT startups exemplify the innovative spirit driving the digital revolution, addressing real-world challenges with smart, seamless solutions. As IoT continues to evolve, these companies are poised to lead the way, shaping a more connected and efficient future.

For more information, visit the full article.

[gqresearch24]

Ports and Terminal Operations Market Outlook Report 2024-2031: Trends, Strategic Insights, and Growth Opportunities | GQ Research

The Ports and Terminal Operations Market is set to witness remarkable growth, as indicated by recent market analysis conducted by GQ Research. In 2023, the global Ports and Terminal Operations Market showcased a significant presence, boasting a valuation of US$ 4.5 trillion. This underscores the substantial demand for Acetophenone technology and its widespread adoption across various industries.

Get Sample of this Report at: https://gqresearch.com/request-sample/global-ports-and-terminal-operations-market/

Projected Growth: Projections suggest that the Ports and Terminal Operations Market will continue its upward trajectory, with a projected value of US$ 7.8 trillion by 2031. This growth is expected to be driven by technological advancements, increasing consumer demand, and expanding application areas.

Compound Annual Growth Rate (CAGR): The forecast period anticipates a Compound Annual Growth Rate (CAGR) of 6.7%, reflecting a steady and robust growth rate for the Ports and Terminal Operations Market over the coming years.

Technology Adoption:

The ports and terminal operations market is experiencing significant technology adoption to enhance efficiency, security, and environmental sustainability. Technologies such as automated guided vehicles (AGVs), remote-controlled cranes, and real-time tracking systems are becoming standard. The implementation of blockchain technology for secure and transparent transactions, along with the integration of IoT devices for monitoring and maintenance, is also on the rise. Furthermore, advanced data analytics and artificial intelligence (AI) are being utilized to optimize logistics, predict maintenance needs, and improve overall operational efficiency.

Application Diversity:

Ports and terminal operations encompass a wide range of applications, including container handling, bulk cargo management, passenger services, and logistics coordination. These operations are vital for global trade, ensuring the smooth movement of goods across international borders. Specialized terminals, such as those for oil, gas, and liquefied natural gas (LNG), cater to specific industries, while multi-purpose terminals handle a variety of cargo types. Additionally, cruise terminals serve the tourism sector, highlighting the diverse applications within this market.

Consumer Preferences:

Stakeholders in the ports and terminal operations market, including shipping companies, logistics providers, and end-users, are increasingly demanding higher efficiency, reliability, and transparency. There is a growing preference for ports that offer advanced technological infrastructure to facilitate faster and more secure handling of goods. Environmental sustainability is also a key consideration, with consumers favoring operations that implement green practices and technologies to reduce carbon footprints. Additionally, enhanced safety measures and robust security protocols are becoming essential requirements.

Technological Advancements:

Technological advancements are revolutionizing ports and terminal operations. Automation is at the forefront, with the adoption of autonomous vehicles and automated stacking cranes reducing the need for human intervention and increasing operational speed. The use of AI and machine learning algorithms helps in predictive maintenance, minimizing downtime and enhancing productivity. Blockchain technology is being used to streamline documentation and increase transparency in the supply chain. Furthermore, digital twins—virtual replicas of physical assets—are being employed to simulate and optimize port operations in real time.

Market Competition:

The ports and terminal operations market is highly competitive, with major global players such as DP World, APM Terminals, and Hutchison Port Holdings competing for market share. Competitive factors include technological innovation, strategic geographical locations, service quality, and operational efficiency. Companies are investing heavily in upgrading their infrastructure and adopting cutting-edge technologies to stay ahead. Strategic alliances and partnerships with shipping lines and logistics companies are also common, as they enhance service offerings and expand market reach.

Environmental Considerations:

Environmental considerations are increasingly influencing the ports and terminal operations market. There is a strong focus on reducing greenhouse gas emissions through the adoption of cleaner energy sources, such as electrification of port equipment and the use of renewable energy. Ports are implementing green technologies, like shore power, which allows ships to plug into the electrical grid while docked, reducing the need to run auxiliary engines. Waste management practices are also being enhanced to minimize pollution, and efforts are being made to protect marine ecosystems. Compliance with international environmental standards and certifications is becoming a priority for port operators aiming to demonstrate their commitment to sustainability.

 Top of Form

Regional Dynamics: Different regions may exhibit varying growth rates and adoption patterns influenced by factors such as consumer preferences, technological infrastructure and regulatory frameworks.

Key players in the industry include:

APM Terminals,

DP World, Hutchison Ports,

PSA International,

China Merchants Port Holdings,

COSCO Shipping Ports,

MSC Mediterranean Shipping Company

 The research report provides a comprehensive analysis of the Ports and Terminal Operations Market, offering insights into current trends, market dynamics and future prospects. It explores key factors driving growth, challenges faced by the industry, and potential opportunities for market players.

For more information and to access a complimentary sample report, visit Link to Sample Report: https://gqresearch.com/request-sample/global-ports-and-terminal-operations-market/

About GQ Research:

GQ Research is a company that is creating cutting edge, futuristic and informative reports in many different areas. Some of the most common areas where we generate reports are industry reports, country reports, company reports and everything in between.

Contact:

Jessica Joyal

+1 (614) 602 2897 | +919284395731

Website - https://gqresearch.com/

[bhavanameti]

Smart Containers Market Projected to Reach $16.9 Billion by 2030

Meticulous Research®—a leading global market research company, published a research report titled, ‘Smart Containers Market by Offering (Hardware, Software, Services), Type (Reefer, Dry), Size (20, 40), Technology (AI, Blockchain, IoT), Application (Asset Tracking & Management, Supply Chain Optimization), Sector, and Geography - Global Forecast to 2030.’

Meticulous Research® has released a new publication projecting the global smart containers market to reach $16.9 billion by 2030, growing at a CAGR of 20.1% from 2023 to 2030. This market growth is driven by increasing efforts to optimize logistics and reduce costs, the rising demand for improved supply chain visibility and transparency, and growing concerns over cargo security and counterfeiting. The adoption of cloud-based platforms for smart container management and the expanding applications of smart container technologies in the healthcare and agriculture sectors are expected to create significant growth opportunities. However, the high implementation costs of smart container technologies and infrastructure and connectivity challenges in remote locations are major obstacles for market players.

A notable market trend is the integration of advanced technologies such as blockchain and AI into smart container solutions.

The global smart containers market is segmented by offering, type, size, technology, application, and sector, with the study evaluating industry competitors and analyzing the market at regional and country levels.

Market Segmentation:

By Offering:

Hardware

Software: Expected to account for the largest share in 2023, driven by the demand for data analytics and insights, cloud-based platforms for data storage and processing, and the need to manage extensive data from IoT devices. This segment is projected to register the highest CAGR.

Services

By Type:

Reefer Containers: Projected to have the highest CAGR, driven by the need to maintain product quality and freshness, increased demand for transporting temperature-sensitive goods, investments in cold chain infrastructure, and advancements in refrigeration and temperature monitoring.

Dry Containers: Expected to account for the largest share in 2023 due to e-commerce growth, demand for general cargo transportation, and the need for easy integration with existing logistics networks.

Tank Containers

Other Smart Container Types

By Size:

20-foot Containers

40-foot Containers: Expected to dominate in 2023, driven by the need to ship goods from manufacturers to distribution centers and retail stores, and the transport of a wide range of cargo. This segment is also projected to have the highest CAGR.

By Technology:

Artificial Intelligence

Blockchain: Expected to register the highest CAGR, driven by the need for enhanced traceability, smart contracts, and ensuring document integrity.

Cloud Computing

Internet of Things (IoT): Expected to account for the largest share in 2023, driven by real-time monitoring needs, cargo security, and remote tracking.

Geolocation Technology

Connectivity Technology

By Application:

Asset Tracking & Management: Expected to dominate in 2023, driven by the demand for real-time visibility, cost reduction, and streamlined operations.

Supply Chain Optimization: Projected to have the highest CAGR, driven by the need to identify bottlenecks, optimize inventory and routes, and improve efficiency.

Safety & Security

Other Applications

By Sector:

Pharmaceutical & Healthcare

Food & Beverage: Projected to register the highest CAGR, driven by the need for better inventory management, accurate tracking of shelf life, and maintaining the quality of perishable goods.

Chemicals & Hazardous Materials

Retail & E-commerce: Expected to dominate in 2023, driven by the need for real-time tracking, shipment transparency, and minimizing delivery delays and order inaccuracies.

Oil & Gas

Automotive

Agriculture

Other Sectors

By Geography:

North America

Europe

Asia-Pacific: Expected to account for the largest share in 2023 and register the highest CAGR, driven by the strong presence of key industries, commitment to eco-friendly logistics, real-time tracking, and stringent regulatory requirements.

Download Free Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5517

Key Players:

Key players in the smart containers market include Panasonic Industry Co., Ltd. (Japan), CMA CGM Group (France), ORBCOMM (U.S.), TRAXENS (France), Globe Tracker, ApS (Denmark), Emerson Electric Co. (U.S.), ZIM Integrated Shipping Services Ltd. (Israel), MSC Mediterranean Shipping Company S.A (Switzerland), Sealand - A Maersk Company (U.S.), China International Marine Containers (Group) Co., Ltd. (China), Berlinger & Co. AG (Switzerland), Hapag-Lloyd AG (Germany), Ocean Network Express Pte. Ltd. (Singapore), Nexxiot AG (Switzerland), Thinxtra Ltd (Australia), SAVVY Telematic Systems AG (Switzerland), Sensolus (Belgium), ZillionSource Technologies (U.S.), and SkyCell AG (Switzerland).

Key Report Insights:

High-growth market segments based on various categories.

Historical market data and forecasts for 2023–2030.

Major market drivers, restraints, opportunities, and challenges.

Competitive landscape and market share analysis.

Recent developments and strategies of key players.

Geographic trends and high-growth countries.

Competition among local emerging players.

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[marketwire]

Industrial Edge Computing Market - Forecast(2024 - 2030)

Industrial Edge Computing Market size is estimated to reach $11.5 billion by 2030, growing at a CAGR of 12.5% during the forecast period 2024-2030. The robust growth of IoT devices, surging demand for low-latency processing, and the rapid adoption of 5G technology are propelling the Industrial Edge Computing Market growth. There is a growing emphasis on integrating edge computing capabilities with IIoT devices and systems. This integration enhances the efficiency of industrial processes by enabling local data processing, analysis, and decision-making. It also helps in optimizing bandwidth usage and reducing the burden on central data centers. Additionally, the growing demand for remote monitoring and control is creating substantial growth opportunities for the Industrial Edge Computing Market. These factors positively influence the Industrial Edge Computing industry outlook during the forecast period.

Market Snapshot: Industrial Edge Computing Market - Report Coverage:

The “Industrial Edge Computing Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Industrial Edge Computing Market.

Attribute

Segment

By Deployment Type

Cloud Based

On-Premises

By Technology 

Edge Analytics

Edge Gateway

Edge Computing Hardware

Others

By Component

Hardware

Services

Software

By Application

Predictive Maintenance

Asset Tracking

Remote Monitoring

Others

By Industry Vertical  

Manufacturing

Healthcare

Energy and Utilities

Transportation and Logistics

Others

By Geography

North America (U.S., Canada and Mexico)

Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

Rest of the World (Middle East and Africa).

COVID-19 /Ukraine Crisis - Impact Analysis:

●        The COVID-19 pandemic had a notable impact on the Industrial Edge Computing market. With supply chain disruptions and restrictions on movement, industries turned to edge computing for localized data processing and improved resilience. Remote monitoring and predictive maintenance solutions gained traction as companies sought to optimize operations and reduce on-site personnel. Additionally, the pandemic accelerated digital transformation, leading to increased adoption of edge computing to support remote work and ensure business continuity.

●        The Ukrainian crisis had notable implications for the Industrial Edge Computing market. Geopolitical tensions and economic uncertainties in the region disrupted supply chains and affected businesses globally. Companies heavily reliant on Ukrainian technology providers faced challenges, potentially leading to delays or disruptions in edge computing projects. Furthermore, the crisis brought renewed attention to data security and the need for localized processing in critical industries.

Key Takeaways:

●       Fastest Growth Asia-Pacific Region : Geographically, in the global Industrial Edge Computing Market share, Asia Pacific is analyzed to grow with the highes CAGR of 15.2% during the forecast period 2024-2030. The Increasing industrialization, rapid adoption of IoT and Industry 4.0 technologies, and rising demand for real-time data processing have driven the need for edge computing solutions in the region. Moreover, the deployment of 5G networks has enhanced the connectivity and enabled seamless data transmission, further boosting the adoption of edge computing in various industries across the Asia-Pacific region.

●       Asset Tracking is Leading the Market : According to the Industrial Edge Computing Market forecast, the Asset Tracking held the largest market share of 25.2% in 2023 owing to its wide-ranging applications and benefits. The ability to monitor and manage assets in real-time using edge computing solutions has become a critical requirement for industries seeking operational efficiency and cost optimization. Asset tracking solutions provide insights into asset location, utilization, and health, enabling better resource allocation and preventive maintenance.

●        The Robust Growth of IoT Devices : With an ever-increasing number of interconnected devices and sensors in various industries, there is a tremendous surge in data generation at the edge of the network. Edge computing addresses the need for real-time data processing, enabling rapid insights and decision-making. By processing data closer to the source, edge computing reduces latency, optimizes bandwidth usage, and enhances overall system efficiency. This critical synergy between IoT devices and edge computing solutions is propelling the industrial sector's adoption of edge computing technologies.

●       The Surging Demand for Low-Latency Processing : Industries increasingly rely on real-time data analysis for critical applications such as industrial automation, autonomous systems, and remote monitoring. Edge computing brings data processing closer to the source, reducing the time it takes to analyze and act on data. This capability is crucial for applications that require immediate response and minimal delay. As the need for low-latency processing grows, industrial sectors are turning to edge computing solutions to meet these demands, driving the widespread adoption of edge computing technologies in the market.

●       High Costs of Edge Computing Solutions Hamper the Market Growth : Implementing edge computing infrastructure and deploying edge devices can involve substantial upfront investments, which may deter some businesses from adopting these solutions. Additionally, maintenance and management costs further add to the overall expense. Industries, especially small and medium-sized enterprises (SMEs), may find it financially burdensome to adopt edge computing despite its benefits. Addressing the cost barriers and offering cost-effective solutions could encourage wider adoption and unlock the full potential of the industrial edge computing market.

                                   Industrial Edge Computing Market Share (%) By Region, 2022

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Industrial Edge Computing Market. The top 10 companies in this industry are listed below

Amazon Web Services, Inc. (AWS IoT Greengrass, AWS Wavelength)

Google Cloud Platform(Google Cloud Edge TPU, Google Cloud IoT Edge)

Microsoft Azure (Azure IoT Edge, Azure Stack Edge)

International Business Machines Corporation (IBM Edge Gateway)

Cisco Systems, Inc.(Cisco Kinetic for Edge, Cisco IOx)

Hewlett Packard Enterprise Company(HPE Edgeline Converged Edge Systems)

Dell Inc.(Dell Edge Gateway, Dell Edge Insights)

Intel Corporation (Intel® Distribution of OpenVINO™ toolkit)

Advantech Co Ltd (Advantech EdgeNode, Advantech EdgeVisor)

Kontron AG (Kontron EdgeBox, Kontron Edge Device Manager)

Scope of the Report:

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

12.5%

Market Size in 2030

$11.5 billion

Segments Covered

Deployment Type, Technology, Component, Application, Industry Vertical and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

Amazon Web Services, Inc.

Google Cloud Platform

Microsoft Azure

International Business Machines Corporation

Cisco Systems, Inc.

Hewlett Packard Enterprise Company

Dell Inc.

Intel Corporation

Advantech Co Ltd

Kontron AG

For more Information and Communications Technology Market reports, please click here

[enterprisewired]

Harnessing the Power of Modern Technology Solutions for Business Success

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Businesses are leveraging modern technology solutions to drive innovation, streamline operations, and gain a competitive edge in the marketplace. From cloud computing and artificial intelligence to blockchain and the Internet of Things (IoT), modern technology offers a vast array of tools and platforms to address business challenges and unlock new growth opportunities.

Here are Modern Technology Solutions for Business Success:

1. Embracing Cloud Computing

Cloud computing has revolutionized the way businesses manage data, applications, and infrastructure by providing scalable and cost-effective solutions for storage, computing, and networking. By migrating to the cloud, businesses can access flexible resources on demand, reduce IT infrastructure costs, and improve scalability and agility. Additionally, cloud-based services offer enhanced security features, data backup, and disaster recovery capabilities, enabling businesses to mitigate risks and ensure business continuity.

2. Unlocking the Potential of Artificial Intelligence

Artificial intelligence (AI) is transforming businesses by enabling automation, predictive analytics, and personalized customer experiences. AI-powered solutions, such as machine learning, natural language processing, and computer vision, can analyze vast amounts of data, identify patterns, and make data-driven decisions in real time. Businesses are leveraging AI to enhance customer service, optimize operations, and drive innovation across various functions, from marketing and sales to supply chain management and finance.

3. Revolutionizing Supply Chain Management with IoT

The Internet of Things (IoT) is revolutionizing supply chain management by connecting physical devices, sensors, and machinery to the Internet, enabling real-time monitoring, tracking, and optimization of assets and processes. IoT solutions provide valuable insights into inventory levels, equipment performance, and logistics operations, helping businesses improve efficiency, reduce costs, and enhance visibility and transparency across the supply chain. From predictive maintenance and inventory management to fleet tracking and smart warehousing, IoT is reshaping the way businesses manage their supply chains.

4. Enhancing Security with Blockchain Technology

Blockchain technology offers decentralized and immutable solutions for securing transactions, data, and digital assets across various industries. By providing transparent and tamper-proof ledgers, blockchain enables secure and trustless transactions, reducing the risk of fraud, data breaches, and cyber-attacks. Businesses are leveraging blockchain for a wide range of applications, including supply chain traceability, identity verification, smart contracts, and secure payments. With its potential to increase transparency, efficiency, and accountability, blockchain is poised to transform the way businesses conduct transactions and exchange value.

5. Leveraging Big Data Analytics for Insights

Big data analytics enables businesses to extract valuable insights from large volumes of structured and unstructured data, empowering data-driven decision-making and strategic planning. By analyzing customer behavior, market trends, and operational performance, businesses can identify growth opportunities, optimize processes, and enhance competitiveness. Advanced analytics techniques, such as predictive modeling, data mining, and sentiment analysis, enable businesses to anticipate customer needs, mitigate risks, and capitalize on emerging opportunities in real time.

6. Implementing Digital Transformation Strategies

To fully harness the potential of modern technology solutions, businesses must embrace digital transformation strategies that prioritize innovation, agility, and customer-centricity. This includes investing in technology infrastructure, talent development, and change management initiatives to enable seamless integration and adoption of new technologies. By fostering a culture of innovation and continuous improvement, businesses can adapt to changing market dynamics, drive operational efficiency, and deliver value to customers in the digital age.

7. Improving Customer Engagement with Personalization

Modern technology solutions enable businesses to deliver personalized experiences and tailored offerings to customers, enhancing engagement and satisfaction. Through data analytics and customer relationship management (CRM) platforms, businesses can gather insights into customer preferences, behavior, and demographics, allowing for targeted marketing campaigns, personalized recommendations, and customized product offerings. By understanding individual customer needs and preferences, businesses can build stronger relationships, increase customer loyalty, and drive repeat business.

8. Empowering Remote Work and Collaboration

The rise of modern technology solutions has facilitated remote work and collaboration, allowing employees to work from anywhere, at any time, and on any device. Cloud-based collaboration tools, video conferencing platforms, and project management software enable seamless communication, collaboration, and coordination among remote teams, fostering productivity and efficiency. By embracing remote work technologies, businesses can attract top talent, reduce overhead costs, and adapt to changing work environments, such as the shift to remote work during the COVID-19 pandemic.

9. Enhancing Operational Efficiency and Agility

Modern technology solutions streamline business operations and improve efficiency through automation, optimization, and digitization of processes. Robotic process automation (RPA), workflow automation, and business process management (BPM) tools automate repetitive tasks, reduce manual errors, and accelerate process execution, leading to increased productivity and cost savings. Additionally, modern technology solutions enable businesses to adapt quickly to changing market conditions and customer demands, fostering agility and resilience in a dynamic business environment.

10. Facilitating E-commerce and Digital Commerce

The proliferation of modern technology solutions has fueled the growth of e-commerce and digital commerce, enabling businesses to reach customers globally and conduct transactions online. E-commerce platforms, payment gateways, and digital marketplaces provide businesses with the infrastructure and tools to sell products and services online, expand their market reach, and drive revenue growth. By embracing digital commerce technologies, businesses can capitalize on the growing trend of online shopping and meet the evolving needs and preferences of digital consumers.

11. Enhancing Predictive Analytics and Forecasting

Modern technology solutions empower businesses to leverage predictive analytics and forecasting techniques to anticipate future trends, opportunities, and challenges. By analyzing historical data, market trends, and external factors, businesses can develop predictive models and forecasts to guide strategic decision-making, resource allocation, and risk management. Predictive analytics enable businesses to identify emerging opportunities, mitigate risks, and make informed decisions proactively, rather than reactively, leading to better outcomes and competitive advantage.

12. Promoting Sustainable Practices and Environmental Stewardship

Modern technology solutions play a vital role in promoting sustainable practices and environmental stewardship within businesses. Through energy-efficient technologies, waste reduction initiatives, and carbon footprint tracking tools, businesses can minimize their environmental impact and contribute to global sustainability efforts. Additionally, modern technology solutions enable businesses to optimize supply chain logistics, reduce transportation emissions, and promote eco-friendly products and packaging, furthering their commitment to environmental responsibility and corporate social responsibility (CSR).

Conclusion

In conclusion, modern technology solutions are transforming the way businesses operate, compete, and innovate in today’s digital economy. From cloud computing and artificial intelligence to IoT, blockchain, and big data analytics, these technologies offer unprecedented opportunities for businesses to enhance efficiency, drive growth, and deliver value to customers. By embracing digital transformation and investing in the right technology solutions, businesses can position themselves for success in an increasingly interconnected and technology-driven world. As technology continues to evolve, businesses that adapt and innovate will thrive in the digital age.

[jcmarchi]

Healthcare Mobile App Development: Key Types, Latest Trends, and Cost Analysis - Technology Org

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Healthcare Mobile App Development: Key Types, Latest Trends, and Cost Analysis - Technology Org

These days, apps have made a lot of healthcare services more accessible. These technologies make our lives easier by offering easy payment alternatives, timely appointment scheduling, and instant access to medical information. Medical personnel and patients may both benefit from the education provided by healthcare mobile applications.

Thus, creating mobile apps for healthcare is a good idea. But to develop a workable solution, you must take into account a few crucial factors.

Image credit: DC Studios via Freepik, free license

Prominent Types of Healthcare Apps

Before you contact the developers of custom medical software or create it yourself, you must have a good understanding of the topic. 

Healthcare mobile apps generally fall into several core categories:

Patient Engagement Apps connect users to care teams for appointment scheduling, medication reminders, symptom tracking, medical record access, wellness education, and more. These boost convenience, satisfaction, and care plan involvement.

Telehealth Apps enable video visits, remote consultations, and health assessments replacing some in-clinic services via mobile devices or wearables. Growing reliance on telehealth given convenience and past pandemic necessity will fuel app innovation.  

Clinical Reference Apps supply medical professionals with on-demand information access at the point of care via mobile devices instead of manual materials. Detail functionality includes drug databases, EHR integration, diagnostic support aids, and medical calculators.

Remote Monitoring Apps allow care, teams, to continually collect patient health data from IoT devices and at-home testing kits. Real-time monitoring apps catch warning signs early before conditions escalate into emergencies to minimize hospital visits.

Hospital Operations Apps designed for internal hospital/clinic use help manage workflows, asset tracking, staff coordination and shifts, bed management, and HR functions. These drive productivity and oversight.

Health and Wellness Apps encourage consumers to actively manage diets, fitness goals, and overall wellbeing. Integration with wearables and personalized insights helps drive behavioral change and sustain user motivation over time.

Notable Healthcare App Development Trends

Reaching $974.5 billion by 2027, the worldwide healthcare IT market is expected to develop at a compound annual growth rate (CAGR) of 19.8% from 2022 to 2027. This means that this type of application will be in greater demand every year.

 As consumers expect seamless service and clinicians demand efficient tools, various forces shape the healthcare app landscape:

 Interoperability – The Open API ecosystem allows health apps to securely integrate with diverse medical systems and insurance payers to centralize patient information.

 Cybersecurity – Health data represents highly sensitive info requiring robust, proactive safeguards woven into software architecture. 

 Cloud Adoption – Cloud platforms enable flexible storage, mobility, convenient deployment, and scaling for unpredictable user spikes.

 Artificial Intelligence – AI chatbots, predictive algorithms, and diagnostics decision support integrated into apps for automated and personalized experiences.

 Blockchain Uses – Blockchain shows early promise in securing medical records sharing between apps and tracing pharmaceutical supply chains.

 5G and Edge Computing – Faster 5G networks and decentralized data processing drive real-time clinical capabilities and rapidly evolving app functionality.

Voice Assistants– Voice UIs improve navigation and data entry efficiency during clinical workflows when physicians’ hands are occupied with patients.

Factors Impacting Healthcare App Costs  

Because healthcare apps manage critical, highly personal data within a complex regulatory environment, specialized security, compliance, and integrations QA testing add costs not typical for consumer-grade apps. Wide variability exists based on app type, features, custom vs off-the-shelf components, healthcare application development company rates, and projected lifespan.

Smaller patient engagement apps range from $25,000 to $75,000. Robust telehealth apps span $100,000 to $500,000. Highly customized clinical apps integrating AI and real-time data analytics land from $500,000 to over $1 million. 

Ongoing costs must be accounted for as well over multi-year lifecycles. These include developer staffing for upgrades and maintenance, changing compliance demands, hosting fees, customer support, and help desk troubleshooting. Annual recurring costs can add 25-30% of the initial price.

Final Words

For healthcare organizations lacking budgets to build full-fledged custom apps outright, taking iterative approaches beginning with basic viable products, and then adding capabilities over multiple release phases spreads investment as user adoption and ROI materialize. Third-party developer partnerships and open-source code reuse also constrain expenses. 

Despite substantial investments required, thoughtfully designed healthcare apps driving patient engagement, improving care team coordination, and optimizing clinical and operational decisions will rapidly demonstrate value.

[rohitpalan]

Connected Logistics Market Set to Skyrocket to US$73.4 Billion by 2033

The linked Connected logistics industry is expected to reach a valuation of $24.6 billion in 2023 and $73.4 billion in 2033. Over the projected period, connected logistics sales are expected to grow at an 11.5% CAGR.

IoT-enabled linked logistics solutions are expected to replace conventional transportation techniques, according to the connected logistics industry trend.Rising fuel prices and related environmental problems like pollution and carbon emissions shape the market trend.

The use of sensors, cloud computing, and automated procedures is common for the remote monitoring and management of supply chain operations. It also provides thorough comprehension of network issues, enabling quick and efficient decision-making.

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Improved supply chain visibility leads to long-term cost savings, necessitating the use of IoT-enabled solutions in a variety of industries, including manufacturing, transportation, and automotive.

It is expected that the target market will benefit from the increased adoption of Logistics 4.0 and ongoing work on improving autonomous logistics trucks.

One of the factors fueling the market growth is the decreasing cost of loT sensors and connected logistics hardware. However, rising security and safety concerns in the logistics sector limit the market’s growth to some extent.

Key Takeaways:

Asset tracking is the top priority for the players which is leading the devices segment towards a strong growth of 12.5%. Organizations can collect massive amounts of data during the shipping and transit processes by incorporating RFID chips and IoT devices.

In terms of mode of transportation, roadways hold the majority of the market share and is showing a substantial growth of 12.2%. This is due to the increasing demand for road-based transportation to transport retail goods over long distances.

The usage of cutting-edge technologies like machine learning, the Internet of Things, cloud computing, big data, analytics, and deep learning is leading United States towards a revenue share of US$ 16.5 billion by 2033.

Rising public and private investment in the transportation sector is enhancing market expansion in the area is driving the United Kingdom regional market towards an impressive growth of 12.5%

Japan is the most lucrative region of all growing at an impressive rate of 15.7%. Japan began transforming logistics in order to strengthen its position in the Asia Pacific logistics industry by integrating new technologies with existing processes.

Manufacturers Eying Opportunities through Aggressive Strategies

The competitive landscape of this market is split moderately because of the presence of several developing and established companies in the industry. Moreover, it is forecasted that the technological developments in logistic sectors is anticipated to quicken the product development as well as investment growth.

In the market, there are different competitors aiming at addressing the problems aggressively by framing plans which are going to leave an overall impact on the market development. The growth prospects of this market have a lot of room to flourish during the forecast period.

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Recent Development:

A top cloud-based logistics execution platform, BluJay Solutions was acquired by E2open Parent Holdings, Inc. for almost US$ 1.7 billion in May 2020. It is a foremost network-based provider of mission-critical, 100% cloud-based, and end-to-end supply chain management platforms.

Key Players:

AT&T Inc., IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc., HCL Technologies Limited, Eurotech S.P.A., Microsoft, Oracle, Cloud Logistics, Zebra technologies, ORBCOMM, and GT Nexus.

Key Segments Covered in the Connected Logistics Market Report

By Component:

Connected Logistics Devices

Vehicle Telematics

Data Loggers

GPS Tracking Devices

RFID Tags

Connected Logistics Software

Fleet Management

Asset Tracking

Security Solutions

Connected Logistics Services

Consulting

Integration & Deployment

Support & Maintenance

By Transportation:

Connected Logistics for Roadways

Connected Logistics for Railways

Connected Logistics for Airways

Connected Logistics for Seaways

By Vertical:

Connected Logistics in Manufacturing

Connected Logistics in IT & Telecom

Connected Logistics in Automotive

Connected Logistics in Retail & Consumer Goods

Connected Logistics in Food & Beverages

Connected Logistics in Healthcare

Connected Logistics in Energy & Utilities

Others

By Region:

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific excluding Japan (APEJ)

Japan

The Middle East & Africa (MEA)

[researchgroupreports]

Asset Tracking Market Share, Growth Analysis, Report 2024-2032

IMARC Group latest research report tittled “Asset Tracking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a comprehensive analysis of the industry, which comprises insights on the asset tracking market share. The global market size reached US$ 17.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 45.8 Billion by 2032, exhibiting a growth rate (CAGR) of 11.08% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/asset-tracking-market/requestsample

Factors Affecting the Growth of the Asset Tracking Industry:

Increasing Demand for Efficiency:

Asset tracking solutions enable businesses to make the most of their resources. Organizations can allocate assets more efficiently by accurately tracking their location and status. Traditional methods of asset tracking often involve manual data entry and physical inspections, which are time-consuming and prone to errors, while asset tracking technologies automate this process, reducing the need for manual labor and ensuring data accuracy. Asset tracking systems also provide real-time data on the condition of assets, enabling predictive maintenance. This proactive approach helps prevent unexpected breakdowns and reduces costly downtime, thereby increasing efficiency in organizations.

Rising Need for Real-time Visibility:

Real-time visibility is crucial for tracking the movement of goods from suppliers to consumers. Asset tracking systems provide real-time data on the location of shipments, helping organizations optimize routes, reduce transit times, and respond to unexpected delays promptly. Real-time visibility into inventory levels enables businesses to manage their stock more efficiently. Retailers can monitor stock levels in real-time and avoid overstocking or understocking, resulting in cost savings and improved consumer service. Moreover, organizations with a large fleet of vehicles or equipment can benefit from real-time asset tracking, as they can monitor asset usage, track idle time, and optimize asset allocation to ensure resources are used efficiently.

Technological Advancements:

The integration of Internet of Things (IoT) in asset tracking allows assets to be equipped with sensors and connected to the internet. These sensors can collect data on asset location, condition, and performance in real-time, providing valuable insights for businesses. In addition, radio-frequency identification (RFID) technology enables assets to be tagged with RFID tags or labels, which can be scanned remotely to identify and track them. Global positioning system (GPS) technology is also improving accuracy and coverage, making it a valuable tool for tracking mobile assets, such as vehicles and equipment. Real-time GPS tracking provides precise location data, enhancing asset visibility.

Leading Companies Operating in the Global Asset Tracking Industry:

Actsoft Inc.

ASAP Systems

Asset Panda

AT&T Inc.

Azuga Inc. (Bridgestone Corporation)

Fleet Complete

GigaTrak, Tenna

Trimble Inc.

Ubisense Limited

Verizon Communications Inc.

Wasp Barcode Technologies Inc. (Datalogic S.p.A.) 

Zebra Technologies Corporation.

Asset Tracking Market Report Segmentation:

By Component:

Hardware

Software

Hardware represented the largest segment, as physical tracking devices, such as RFID tags, GPS sensors, and IoT hardware, are essential for collecting real-time data on asset location and condition.

By Deployment Mode:

On-premises

Cloud-based

On-premises accounted for the largest market on account of the rising preference among organizations to keep asset tracking data within their own physical infrastructure for greater control and data security.

By Organization Size:

Large Enterprises

Small and Medium-sized Enterprises

Large enterprises exhibit a clear dominance in the market, as they have more extensive and diverse asset portfolios, requiring robust asset tracking solutions to manage and optimize their resources effectively.

By End Use Industry:

Transportation and Logistics

Aviation

Healthcare

Manufacturing

Food and Beverages

Others

Transportation and logistics hold the biggest market share due to the critical need for real-time visibility and tracking of assets, including vehicles, containers, and packages.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Region-wise, the market has been segmented into North America (United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

Global Asset Tracking Market Trends:

The integration of advanced data analytics and artificial intelligence (AI) algorithms in asset tracking is strengthening the market growth. These technologies allow organizations to gain insights from the vast amount of data generated by asset tracking, enabling predictive maintenance, optimization, and cost savings. Companies are also adopting cloud platforms to manage and analyze asset data from anywhere with an internet connection.

Edge computing is gaining traction in asset tracking, especially in scenarios where real-time decision-making is critical. Processing data at the edge can also reduce latency and improve response times.

Other Key Points Covered in the Report:

COVID-19 Impact

Porters Five Forces Analysis

Value Chain Analysis

Strategic Recommendations

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

[aviationanddefence1]

Global asset management software market reports

Monitoring fleet availability by service level in real-time for operational preparedness. provides tracking metrics tailored to defenses. Configuration management facilitates the tracking of As-Built Configuration, Allowable Configuration, and Actual Configuration for complex assets with multi-level subassemblies. enables quick configuration swapping in response to changing mission requirements. Paperless operations can be facilitated by maintenance staff members using a native mobile app with offline capacity to submit work and perform electronic sign-offs. flexibility to synchronize data as needed depending on connections that are available. Complete project life cycle visibility is offered by a contract structure and integrated accounting module. Accounting compliance enables the following benefits: tracking earned value, improving cash flow, automating invoices, and increasing profitability.

By guaranteeing timely delivery of supplies, this Global asset management software market reports enhances the level of protection offered to the affected area. When moving priceless things from one place to another, this is helpful. Taking into account the good tracking of these asset management strategies. It offers wide visibility, tracks cargo, containers, and other goods, and secures them. It is possible to estimate when supplies will be delivered.

Key factors impacting the asset management software market's growth in defense:

Complete project life cycle visibility is offered by a contract structure and integrated accounting module. Accounting compliance is one of the key market trends that will drive the industry's progress; it enables the automation of invoices, improvement of cash flow, monitoring of earned value, and rise in profitability.

Patterns influencing the size of the asset management software market in defense:

Among the major industry trends influencing market expansion are cloud computing, blockchain technology, artificial intelligence (AI), and machine learning (ML). The phrase "Internet of Things" (IoT) refers to items that have built-in software or applications. These gadgets are equipped with sensors, data interchange, and networking features. They are connected by IoT, which enables data sharing and communication. IoT is one of the key technological advancements in the market that will have an impact on its growth.

Forecast and Dynamics of the Defense-Asset Management Software Market:

The need for asset tracking and accountability will continue to fuel the defense asset management market's expansion. The deployment of IoT and asset management software, as well as the uptake of these technologies, will be accelerated by increased defense spending.

A thorough market analysis and market size are included in the market forecast. The market report includes information on the size, potential, challenges, and drivers of the regional market. The regional study also includes the market size by country.

Analysis of the Defence Asset Management Software Market for Recent Advancements:

Among the services offered are knowledge management, cybersecurity, equipment and asset management, maintenance and sustainment, modernization, MSC MNOC, future FLTNOCs, and training. By December 31, 2023, work under this task order will be finished in a number of locations worldwide.

The US Army Endpoint Security Solution (AESS), which protects up to 800,000 endpoints on both classified and unclassified Army networks, has been given a $430 million maintenance contract by ECS. ECS will create a unified asset management system and enhance endpoint detection and response capabilities.

[robertemma27-blog]

Navigating the IoT-based Asset Tracking Landscape: Market Insights and Trends

The global IoT-based asset tracking and monitoring market size is expected to grow from USD 5.0 billion in 2024 to USD 9.2 billion by 2029, at a CAGR of 12.8% from 2024 to 2029. 

IoT adoption in manufacturing industries helps manufacturers achieve the necessary data to manage complex production cycles and manufacturing equipment better, leading to improved operations and profitability. IoT in manufacturing solutions also enables manufacturers to shift from scheduled to predictive maintenance and continuous plant or machine monitoring to reduce downtime and boost production efficiency. For instance, with the emergence of IoT, solutions such as connected logistics and predictive maintenance enable automobile manufacturers to provide real-time data management and increase the machine life, reducing time and costs. Similarly, IoT-based asset tracking and monitoring solutions allow tracing shop floor tools and equipment to prevent misuse, overuse, or underuse and send alerts for maintenance.

Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118687881

LoRa segment is expected to grow with highest CAGR during the forecast period.

LoRa is a long-range, low-power wireless platform used to build IoT networks across a compelling mix of long-range, low-power consumption, and secure data transmission. This technology is developed and promoted by the LoRa Alliance, an open, non-profit association that various companies initiated to standardize the LPWAN protocol. It is easy to plug into the existing infrastructure and offers a solution for battery-operated IoT applications. Semtech Corporation (US) has deployed LoRa technology into its chipsets. These chipsets are integrated into the products offered by its vast network of IoT partners and LPWANs provided by mobile network operators worldwide.

The market for manufacturing segment is projected to grow with substantial CAGR during the forecast period.

A good asset tracking and monitoring plan supports organizational objectives while maximizing industrial performance and reducing expenses. As opposed to other business arenas, the manufacturing industry players are widely adopting IoT-enabled asset tracking and monitoring systems. IoT-enabled asset management helps manufacturing businesses track, organize, and locate every piece of equipment, raw materials, and finished products. For instance, CNC machines, robots, conveyor belts, and other production machinery for performance monitoring and predictive maintenance and finished products in storage areas for quality control and efficient shipment. All these tasks take a lot of time and effort to complete manually. Most industries employ pricey handheld scanners for inventory control. These assets can now be tracked automatically using asset tracking solutions that are IoT enabled.

The market in Asia Pacific is projected to hold the substantial market share in 2029.

Asia Pacific is one of the major markets for chip and module manufacturing. The key countries in Asia Pacific considered for this study are China, Japan, India, India, and the Rest of Asia Pacific. China has the largest vehicle fleet in the world with the high adoption of IoT owing to the financial and strategic involvement of the government in the R&D of IoT-related technologies. As China is a major hub of semiconductor fabrication and manufacturing, its participation in implementing and developing IoT-based asset tracking modules and supporting connectivity technologies is crucial for the growth of these markets. With an increasing vehicle fleet, the demand for automated management is expected to increase, creating opportunities for such solution providers. Thus, many companies in the market are working towards capitalizing on these opportunities. For instance, Shenzhen Jimi IoT Co., Ltd. (China) offers solutions for car rental fleet management, taxi and ride-hailing fleet management, trailer tracking, logistics, and delivery. Companies offer solutions such as real-time location tracking, instant alert, geo-fencing, preventive maintenance, and similar insights.

Key Market Players

Quectel Wireless Solutions Co., Ltd (China), u-blox (Switzerland), Fibocom Wireless Inc. (China), Telit (US), Semtech Corporation (US), Samsara Inc. (US), and SEQUANS (France) are among a few top players in the IoT-based asset tracking and monitoring companies.

[myofficeapps]

Integrating ERP and IoT: Revolutionizing Inventory Tracking and Control

Companies are constantly seeking innovative solutions to optimize their operations and gain a competitive edge. One such powerful combination is the integration of Enterprise Resource Planning (ERP) systems with the Internet of Things (IoT) technology. By harnessing the benefits of both ERP and IoT, your business can revolutionize its inventory tracking and control processes, leading to improved efficiency, enhanced accuracy, and better decision-making.

What is ERP and IoT

ERP: Enterprise Resource Planning (ERP) software is a comprehensive solution that enables businesses to manage various aspects of their operations, including finance, manufacturing, procurement, sales, and inventory. ERP solutions serve as a centralized database, streamlining processes, improving data visibility, and facilitating informed decision-making.

IoT: The Internet of Things (IoT) refers to the network of interconnected physical devices embedded with sensors, software, and connectivity capabilities. These devices collect and exchange data, enabling real-time monitoring, analysis, and control of physical assets and environments.

The Synergy of ERP and IoT in Inventory Tracking and Control

Real-time Visibility: By integrating IoT devices with ERP systems, businesses can achieve real-time visibility into their inventory. IoT sensors placed on products, shelves, or equipment can collect data on inventory levels, location, condition, and other relevant parameters. This data is seamlessly transmitted to the ERP system, providing up-to-date information on stock availability, and enabling businesses to make accurate inventory decisions promptly.

Automated Data Capture: Traditionally, manual data entry has been a time-consuming and error-prone process in inventory management. With IoT-enabled devices, data capture becomes automated. RFID tags, barcode scanners, or smart shelves can automatically update the ERP system with information about inventory movements, eliminating the need for manual intervention. This automation reduces errors, improves data accuracy, and frees up valuable human resources for more strategic tasks.

Efficient Demand Forecasting: IoT devices can gather data not only on current inventory levels but also on customer behavior, environmental conditions, and other external factors. This wealth of data can be leveraged by the ERP system's analytical capabilities to generate accurate demand forecasts. By understanding customer preferences and market trends in real time, businesses can optimize their inventory levels, minimize stockouts, and reduce carrying costs.

Proactive Maintenance and Quality Control: IoT-enabled sensors can monitor equipment performance, environmental conditions, and product quality in real time. By integrating this data with the ERP system, businesses can detect potential issues or anomalies promptly. Proactive maintenance alerts can be generated, triggering preventive actions to avoid equipment breakdowns or product quality issues. This integration enhances overall operational efficiency and customer satisfaction.

Enhanced Supply Chain Collaboration: ERP-IoT integration enables seamless collaboration throughout the supply chain. By sharing real-time inventory data with suppliers, manufacturers, and logistics partners, businesses can optimize inventory replenishment, production scheduling, and order fulfillment. This collaboration fosters a more responsive and agile supply chain, reducing lead times and improving customer service levels.

Data-driven Decision Making: The integration of ERP and IoT generates a vast amount of data. This data can be harnessed by advanced analytics and business intelligence tools within the ERP system to derive valuable insights. Businesses can identify trends, patterns, and opportunities for process optimization, cost reduction, and revenue growth. Data-driven decision-making becomes a reality, empowering businesses to stay ahead in a competitive market.

Conclusion

The integration of ERP and IoT represents a game-changer for inventory tracking and control. By combining the power of real-time data from IoT devices with the comprehensive capabilities of ERP systems, businesses can achieve unprecedented efficiency, accuracy, and agility in managing their inventory. From real-time visibility and automated data capture to proactive maintenance and advanced analytics, the benefits of integrating ERP and IoT are extensive. Embracing this revolutionary combination can empower your business to optimize its operations, reduce costs, enhance customer satisfaction, and seize new opportunities in today's dynamic business landscape.

If you're ready to take your inventory management to the next level, consider integrating ERP and unlock the potential of a streamlined, data-driven future. Connect with the experts of Kechie by MyOfficeApps to explore how our Cloud ERP Software, can transform your inventory tracking and control processes. Together, let's revolutionize your business.

[datadiscoveriesdaily]

Global Satellite IoT Market as a Service Market 2023: Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2030

The Satellite Internet of Things (IoT) market is witnessing remarkable growth, propelled by the ever-expanding landscape of connected devices and the insatiable demand for seamless communication across diverse industries. The overview of the Satellite IoT market reveals a dynamic ecosystem where satellite technology plays a pivotal role in facilitating connectivity beyond the constraints of terrestrial networks. As industries embrace digital transformation, the need for ubiquitous, reliable, and global communication has become imperative, driving the Satellite IoT market to the forefront of technological innovation.

Several drivers fuel the robust expansion of the Satellite IoT market. Foremost among these is the scalability and global reach that satellite technology provides. Unlike traditional terrestrial networks, satellite IoT enables connectivity in remote and inaccessible areas, making it an indispensable solution for industries such as agriculture, maritime, and logistics. The proliferation of small satellites, coupled with advancements in miniaturization and cost reduction, has further accelerated the adoption of satellite-based IoT services. This surge in connectivity has empowered businesses with real-time data acquisition, enabling enhanced decision-making processes and operational efficiency.

However, the Satellite IoT market is not without its restraints. One significant challenge is the cost associated with satellite deployment and maintenance. While advancements have lowered the overall expense, the initial investment remains substantial for some businesses, particularly smaller enterprises. Additionally, concerns regarding spectrum allocation and regulatory frameworks pose challenges to the market's growth. As the Satellite IoT ecosystem expands, collaboration between industry stakeholders and policymakers becomes crucial to address regulatory hurdles and ensure a conducive environment for market development.

Despite challenges, several growth factors continue to propel the Satellite IoT market forward. The increasing adoption of satellite communication for mission-critical applications, such as asset tracking, environmental monitoring, and emergency response, underscores the market's significance. Moreover, the ongoing development of Low Earth Orbit (LEO) satellite constellations by industry giants has the potential to revolutionize the landscape by offering low-latency, high-throughput connectivity on a global scale. These constellations promise to usher in a new era of connectivity, catering to diverse sectors and fostering innovation in IoT applications.

In this dynamic landscape, technological advancements play a pivotal role in shaping the Satellite IoT market. Innovations such as advanced antenna technologies, improved energy efficiency of satellite devices, and the integration of Artificial Intelligence (AI) for data analytics contribute to the market's evolution. As businesses increasingly recognize the value of data-driven insights, the demand for sophisticated satellite IoT solutions is poised to grow.

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In conclusion, the Satellite IoT market is experiencing unprecedented growth, driven by a confluence of factors that include global connectivity needs, technological advancements, and the proliferation of connected devices. While challenges such as cost and regulatory complexities persist, the market's trajectory remains optimistic. The continued integration of satellite technology into the IoT ecosystem holds the potential to redefine industries, enhance operational capabilities, and foster innovation in an increasingly interconnected world. As stakeholders collaborate to address challenges and leverage growth opportunities, the Satellite IoT market is poised to play a pivotal role in shaping the future of connected solutions across diverse sectors.

Market segment by players, this report covers

    ORBCOMM

    Iridium Communication

    Global-star

    Inmarsat Global Limited

    Astrocast

    Airbus S.A.S

    Intelsat Corporation

Market segment by Type

    Sat-IoT Backhaul Services

    Direct to Satellite Services

Market segment by Application

    Agriculture

    Oil & Gas

    Automotive

    Transportation & Logistics

    Energy & Utilities

    Healthcare

    Military & Defense

    Others

Market segment by regions, regional analysis covers

    North America (United States, Canada, and Mexico)

    Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)

    Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

    South America (Brazil, Argentina and Rest of South America)

    Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

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[infinitiresearch]

Geospatial Analytics Market| Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2023 – 2027

Originally published on Technavio: Geospatial Analytics Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

### **Geospatial Analytics Market Research Report**

#### **1. Executive Summary**

- Overview of the Geospatial Analytics market. - Key findings and market trends. - Market growth prospects.

#### **2. Introduction**

- Definition and significance of Geospatial Analytics. - Historical development and evolution in the geospatial technology and analytics sectors.

#### **3. Market Size and Forecast**

- Historical market size and growth. - Current market size and trends. - Future projections and factors influencing growth.

#### **4. Market Dynamics**

- Drivers of market growth (increased use of location-based data, advancements in satellite technology, growing demand for business intelligence). - Challenges and obstacles (data privacy concerns, integration complexities, regulatory hurdles). - Opportunities for market expansion (integration with IoT, development of smart cities, adoption in agriculture and natural resource management).

#### **5. Segmentation**

- Types of Geospatial Analytics solutions (satellite imagery, GPS tracking, GIS software) and their market share. - Regional segmentation and market presence.

#### **6. Competitive Landscape**

- Major Geospatial Analytics solution providers and their market share. - SWOT analysis of key companies. - Trends in partnerships, acquisitions, and technological innovations.

#### **7. Regulatory Environment**

- Overview of regulations affecting the Geospatial Analytics industry. - Compliance challenges and opportunities.

#### **8. Satellite Imagery and Remote Sensing Trends**

- Growth and trends in satellite imagery and remote sensing technologies. - Impact on applications in agriculture, forestry, disaster management, and urban planning.

#### **9. Location-Based Services and Navigation**

- Trends in location-based services and navigation technologies. - Impact on consumer applications, transportation, and logistics.

#### **10. Geographic Information System (GIS) Software Trends**

- Growth and trends in GIS software. - Impact on spatial analysis, mapping, and visualization.

#### **11. IoT Integration and Spatial Data Analysis**

- Trends in integrating Geospatial Analytics with the Internet of Things (IoT). - Impact on real-time monitoring, asset tracking, and predictive analytics.

#### **12. Smart Cities and Urban Analytics**

- Trends in Geospatial Analytics for smart city development. - Impact on infrastructure planning, traffic management, and public safety.

#### **13. Agriculture and Natural Resource Management**

- Growth and trends in using Geospatial Analytics in agriculture and natural resource management. - Impact on precision farming, environmental monitoring, and resource optimization.

#### **14. Climate Change and Environmental Monitoring**

- Trends in using Geospatial Analytics for climate change and environmental monitoring. - Impact on climate modeling, deforestation tracking, and disaster risk reduction.

#### **15. Case Studies**

- Successful implementations of Geospatial Analytics solutions. - Challenges faced by organizations and lessons learned.

#### **16. Future Outlook**

- Emerging trends in Geospatial Analytics technology. - Anticipated changes in technology adoption and market dynamics.

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#### **17. Recommendations**

- Strategic recommendations for organizations implementing Geospatial Analytics. - Areas for further research and development.

#### **18. Conclusion**

- Summarize key findings. - Concluding thoughts on the future of the Geospatial Analytics market.

For more information please contact.

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RFID in Healthcare Market Size, Share, Trends, Growth 2032

The Global RFID in Healthcare Market size was estimated at USD XX billion in 2021 and is expected to hit around USD XX billion by 2031, poised to grow at a compound annual growth rate (CAGR) of XX% from 2022 to 2031.

The adoption and use of Radio Frequency Identification (RFID) technology within the healthcare sector is referred to as the “Global RFID in Healthcare Market.” RFID is a technology that makes use of electromagnetic fields to quickly recognise and track items that have RFID labels or tags on them. These tags have data that is electronically stored and can be read or acquired by RFID readers or scanners from a distance.

RFID technology is used in the healthcare industry for a variety of purposes, such as asset management, patient tracking, inventory control, medication management, supply chain optimisation, and improving patient safety. By enabling real-time tracking and monitoring of equipment, supplies, patients, and medications, RFID devices aid healthcare organisations in increasing productivity, decreasing errors, improving patient care, and streamlining operations.

Several prominent trends that are influencing different industries include what the current state of the global market is like. One notable trend is the quickening pace of digital transformation, in which companies are rapidly adopting tools like automation, cloud computing, and artificial intelligence to boost productivity, customer experiences, and operational agility. The necessity to maintain competition in a corporate environment that is continuously changing is what has sparked this transition.

The increasing focus on sustainability and environmental responsibility is another significant trend. Companies are implementing sustainable practises throughout their supply chains as a result of consumer demand for eco-friendly goods and services. Product creation, packaging, and energy consumption techniques are being changed by this trend.

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The COVID-19 epidemic has also boosted the use of online services and remote work. E-commerce, telemedicine, and digital communication technologies are on the rise as businesses in many industries reevaluate their business models to support virtual interactions and transactions.

Personalised medicine and telemedicine have gained acceptance in the healthcare industry, revolutionising patient care and access to medical services. Additionally, as organisations and people become increasingly dependent on digital platforms, the rise of cybersecurity issues highlights the significance of strong data protection procedures.

Recent Developments:

The expansion of the use of RFID technology across more facets of healthcare operations was one noticeable trend. RFID was being used in hospitals for patient tracking and monitoring as well as for controlling and tracking medical supplies, equipment, and drugs. This improved real-time visibility into patient movements and made care coordination more effective.

The introduction of RFID for assuring precise patient identification and medicine administration was also prompted by the growing emphasis on patient safety and regulatory compliance. As a result, medication errors were decreased and patient care as a whole was enhanced.

It was also noteworthy how IoT (Internet of Things) and AI (Artificial Intelligence) converged with RFID. This integration allowed for more comprehensive data analysis, equipment predictive maintenance, and the automation of some procedures, which improved operational effectiveness and reduced costs.

The size and scope of the global RFID in Healthcare industry vary by region and are important and expanding. Below is a quick summary of the industry’s regional analysis:

North America: The United States and Canada have been major users of RFID technology in the healthcare industry. The adoption of RFID for uses including patient tracking, asset management, and drug delivery has been sparked by technological advancements in the healthcare industry, regulatory compliance, and a strong focus on patient safety and data accuracy. The industry has grown as a result of the presence of reputable RFID solution providers and technology vendors.

Europe: To enhance patient care and operational effectiveness, European nations like the United Kingdom, Germany, France, and others were early users of RFID technology in healthcare. The deployment of RFID technology in the region has been prompted by stricter laws regarding patient safety, traceability, and data security. The integration of RFID across numerous applications, including patient identification and supply chain management, has been prompted by healthcare organisations’ focus on decreasing errors and improving patient experiences.

Asia-Pacific: The use of RFID technology in healthcare is expanding throughout the Asia-Pacific area, which includes nations including China, Japan, India, and South Korea. The growing healthcare infrastructure in the area, rising healthcare costs, and a move towards digitalization have all fuelled market expansion. RFID technology is being used to track medications, manage patients, and improve healthcare supply networks.

South America: There has been an increase in interest in RFID technology for healthcare applications in South American nations like Brazil and Argentina. The use of RFID for a variety of uses, including patient tracking, equipment management, and inventory control, has been sparked by the focus on increasing healthcare access and quality as well as initiatives to modernise healthcare systems.

Middle East & Africa: With nations like the United Arab Emirates, Saudi Arabia, and South Africa leading the way, RFID technology in healthcare has been gradually adopted in the Middle East and Africa. Opportunities for RFID adoption in patient tracking, prescription management, and asset tracking have been established as a result of the region’s focus on enhancing healthcare services, patient safety, and healthcare infrastructure.

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