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The Growing Adoption of Smart Cities and IoT Technology is also Driving Growth in the Digital Pump Controller Market

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The Growing Adoption of Smart Cities and IoT Technology is also Driving Growth in the Digital Pump Controller Market

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Driving Innovation: Key Factors Fueling the Growth of the Digital Pump Controller Market

The growing adoption of smart cities and IoT technology is also driving growth in the digital pump controller market. As cities become more connected and data-driven, they are incorporating digital technologies such as digital pump controllers to optimize water management. These technologies enable real-time monitoring and control of water distribution systems, improving efficiency and reducing waste.

The digital pump controller market is experiencing exponential growth, driven by numerous factors. Advancements in technology, such as the increasing availability of IoT and cloud-based solutions, are providing new avenues for the development and implementation of digital pump controllers. The growing focus on energy efficiency and sustainability is driving the adoption of digital pump controllers, as they offer improved control and monitoring capabilities, leading to greater energy savings.

increasing demand for remotely-operated and automated systems is also driving the growth of the digital pump controller market. These factors, along with a growing awareness of the benefits of digital pump controllers, are contributing to the continued growth of this dynamic market.

Embrace the Future of Pump Control: Discover the Unlimited Opportunities in the Digital Pump Controller Market

The digital pump controller market offers significant growth opportunities for manufacturers and suppliers, driven by the growing adoption of smart cities and Internet of Things (IoT) technology, and increasing investment in water and wastewater treatment infrastructure.

The growing popularity of IoT and Industry 4.0 technologies is also contributing to the growth of the market, as digital pump controllers are increasingly being integrated with other smart devices and systems. The increasing focus on sustainability and energy efficiency is also creating new opportunities for the Digital Pump Controller market, as users look to reduce their energy consumption and carbon footprint.

Paving the Way for Progress: The Rapid Development of Asia Pacific’s Digital Pump Controller Market

The digital pump controller market in the Asia Pacific region is poised for significant growth, driven by factors such as increasing demand for efficient and cost-effective water management, growing adoption of smart cities and IoT technology, and increasing investment in water and wastewater treatment infrastructure.

Countries in the Asia Pacific region such as China, India, and Japan are leading the growth of the Digital Pump Controller market, as they focus on modernizing their water and wastewater treatment systems and improving the efficiency of their water management systems. The growing trend of smart cities and the adoption of IoT technology are also contributing to the growth of the market in the region.

The increasing focus on sustainability and energy efficiency is driving demand for digital pump controllers in the Asia Pacific region, as users look to reduce their energy consumption and carbon footprint. The growing investment in water and wastewater treatment infrastructure is also providing new opportunities for the Digital Pump Controller market in the region.

Harnessing the Power of Mobility: Exploring the Vast Opportunities in the Remote Pump Controller Market

The mobile/remote pump controller segment is the most lucrative in the Digital Pump Controller market, driven by the increasing demand for efficient and cost-effective water management, growing adoption of smart cities and IoT technology, and increasing investment in water and wastewater treatment infrastructure.

Digital pump controllers are designed with advanced technology of microprocessor-based system. They use electric sensors that deliver more precise data than traditional pneumatic sensors. Digital pump controllers provide a visible control panel which allow users to efficiently manage the functioning of the system. They can be effortlessly connected with a device and can be remotely operated via remote or mobile.

Additionally, digital pump controllers can be operated by SCADA systems, radio frequency, mobile Apps, and SMS/GSM. Therefore, flexibility concerning ease of usage and quick & easy set-up is projected to boost the growth of the market. Digital pump controllers are developed for automatically monitor and manage the water level, particularly in oil & gas industries, agriculture, and irrigation via remote and mobile phone.

Digital Pump Controller Market: Drivers, Restraints and Opportunities

Upsurge in water pumps installation worldwide is creating the need for pump controllers to manage the operations of water pumps. Digital pump controllers are the safest and complete failure proof solution for long life and trouble free operation of the pumps ensuring continuous and automated pumping operation.

This factor is estimated to bolster the demand of digital pump controllers. Digital pump controllers can function automatically. The controller also turn on or off when the water storing capacity reaches a certain level.

This ensures minimum water wastage and is one of the major factors pushing the demand for digital pump controllers. Additionally, government initiatives for water conservation and projects related to water & wastewater treatment are anticipated to further drive the growth of digital pump controller market.

The economies are focusing on increasing precision in agricultural activities which is estimated to help companies to develop pump controllers that are easy to operate and consume less energy.

Digital Pump Controller Market: Regional Outlook

Asia Pacific is estimated to account for largest share in the global digital pump controller market owing to increasing usage of solar pumps coupled with increasing penetration and introduction of advanced technologies in the region. Following Asia Pacific, Europe is also projected to have significant share in the global digital pump controller market by virtue of growing requirement to decrease the energy consumption of pump controllers.

North America is estimated to grow at a significant growth rate owing to increasing government initiatives in the water & wastewater treatment activities. Latin America and Middle East & Africa are anticipated to witness moderate growth rate in the digital pump controller market during the forecast period.

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The Enterprise IoT Market has been Anticipated to Rise at a CAGR of 13% from 2023 to 2033, Surpassing US$ 2,021.19 billion by 2033

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The enterprise IoT market is anticipated to rise at a CAGR of 13% from 2023 to 2033, surpassing US$ 2021.19 billion by 2033. The market is anticipated to be worth US$ 595.42 billion in 2023.

The enterprise IoT market is driven by several factors such as the increasing adoption of IoT in various industries to improve operational efficiency and reduce costs. The increasing adoption of cloud-based IoT platforms is also expected to drive market growth.

In addition, the growing trend of Industry 4.0 and the increasing need for automation in various industries are also propelling the growth of the market. The increasing adoption of enterprise IoT in smart cities and smart homes, as well as IoT-enabled automation in various industries such as manufacturing and transportation, is also expected to drive market growth.

Another key driver of the enterprise IoT market is the increasing focus on digital transformation across various industries. With the rise of big data and analytics, organizations are looking to leverage IoT technology to gain valuable insights and make data-driven decisions. This is leading to increasing demand for enterprise IoT solutions in various industries such as healthcare, transportation, and manufacturing. Additionally, the growing trend of Industry 4.0 and the increasing need for automation in various industries are also propelling the growth of the market.

The increasing adoption of enterprise IoT in emerging technologies such as AI, ML, and big data is also expected to drive market growth during the forecast period. These technologies enable organizations to analyze large amounts of data generated by IoT devices and make data-driven decisions.

The growing demand for enterprise IoT in various industries such as agriculture and energy management is also expected to drive market growth. Government initiatives and regulations to promote the use of energy-efficient equipment are also anticipated to boost the adoption of IoT during the forecast period. These factors are making enterprise IoT an attractive investment opportunity for companies looking to tap into the growing market.

Key Takeaways:

  • The hardware sector accounted for more than 45% of total revenue in 2022 and is expected to dominate the market over the projected period.
  • During the projected period, the software and solutions category is predicted to grow at the quickest rate, with a CAGR of 15%.
  • The small and medium-sized firm category held the biggest share of 68% in 2022 and is expected to lead the market from 2023 to 2033.
  • Manufacturing held the greatest market share of 26% in 2022.
  • The enterprise IoT industry in the United States is expected to grow at a CAGR of more than 15% between 2023 and 2033.
  • The enterprise IoT industry in the United Kingdom is predicted to grow at a CAGR of 12% between 2023 and 2033.
  • The enterprise IoT industry in Japan is expected to grow at a CAGR of more than 14.5% between 2023 and 2033.
  • The enterprise IoT industry in China is expected to grow at a CAGR of more than 16% between 2023 and 2033.

Competitive Landscape

The enterprise IoT market is highly competitive, with a few major players holding a significant market share. Leading companies in the market are increasingly implementing growth strategies such as collaborations, partnerships, and product development & launches to maintain their market position. The market has a high entry barrier, making it difficult for small and medium players to enter. Technological advancements play a major role in driving the market, creating a differentiating factor between new entrants and established players.

  • In October 2021, Cisco Systems, Inc. introduced its first global work index, which utilizes AI and mobile technology and operates on a hybrid model.
  • Siemens AG and PTC Inc. have developed IoT solutions for use in industrial contexts such as manufacturing and transportation.
  • Cisco Systems, Inc. and Bosch have created security solutions for protecting IoT devices and networks from cyber-attacks.
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IoT Development Kit Market at a CAGR of 17.3% during the Forecast Period of 2022 to 2032

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According to the IoT device management platform analysis by Future Market Insights (FMI), the demand in the market will increase at a healthy CAGR of 24.4% from 2022-2032.

The report states that the market is expected to reach a valuation of ~US$ 4,463.5 Mn by the end of 2022. Sales are expected to be driven by factors such as the overall development of IoT networks and systems, increasing concerns regarding network security, escalating need to track health, etc.

IoT devises management systems allow organizations to collect and analyze data. It also functions as the bridge between the edge network and the user’s downstream data servers and enterprise applications, which is anticipated to augment growth.

An IoT network and device management platform provide centralized management, uncomplicated provisioning, and real-time insights into all current devices and integrations to support organizations stay on top of their deployment. IoT device management platform is integrated with a strong and accessible wireless solution, which permits users to easily broaden their IoT network and solutions at reduced cost and complexity thus, all these advantages offered by the IoT device management platform are contributing to the market growth.

Wearable technology, like smart watches, has enormous potential in the IoT space and for numerous businesses. Fitness and lifestyle-based businesses will mainly find this trend advantageous, considering the fact that various smart watches and wearable devices are combined with health and fitness tracking options.

Wearable IoT devices could be utilized to protect and monitor heart attacks, monitor EMG sensors for stroke patients, and monitor asthma. IoT device management platform offers features such as real-time device tracking, secure connectivity and data collection, data integration across apps/devices, over-the-air software updates, and sensor data analytics for smart wearables. Thus, development of wearable IoT technology is increasing the demand for smart wearables.

Agriculture industry is one the major industries for adoption of IoT technologies for a wide scale of applications like smart irrigation, activating frost fans, automated feeding systems to tank and feed bin tracking, and other mechanized procedures. Predictive analytics feature offered by IoT device for smart farming is the major trend in the agriculture industry because its helps farmers to make plans concerning the production and storage of the crops, marketing approach, and risk management.

As per the report by Business Application Research Center (BARC), the adoption of IoT devices in the agriculture industry have reached US$ 75 million in the year 2020, growing at around 20% annually. Smart farming based on IoT technologies permits farmers to reduce waste and improve productivity ranging from the amount of fertilizers used to the number of journeys the farm vehicles have made, and enabling well organized usage of resources like electricity, water, etc.

“The demand for IoT device management platforms is increasing in the manufacturing sector as these platforms help in monitoring both equipment settings and the outcome of each production step which offers manufacturers stronger assurance of analyzing quality issues at the source. The adoption of IIoT (Industrial Internet of Things) in the manufacturing industry and increasing usage of technologies such as 5G, AI, and Big Data will continue fueling demand,” says an FMI analyst.  

Key Takeaways:

  • By solution, the IoT device management platform segment is anticipated to account for the leading share in the global demand for IoT device management platforms in 2022.
  • By enterprise size, the small and mid-sized enterprises segment is estimated to grow at a robust CAGR of 26.0% through 2032.
  • By industry, the healthcare segment is anticipated to grow at a CAGR of 33.1% between 2022 & 2032.
  • Europe is expected to progress at the highest CAGR of around 33.0% followed by South Asia and the Pacific in 2032.
  • The market in Japan is expected to progress at a CAGR of around 27.8% through 2032.
  • In India, sales are expected to grow at a CAGR of close to 34.0% over the next ten years.

Regional Analysis

  • North America is the market leader, expected to hold almost 35.6% of the market in 2022. The consumer electronics sector of this region is booming, which is fueling the need for IoT development kits. Due to the presence of several prominent players, North America is anticipated to maintain its lead in the IoT development kit market over the forecast period. The North American IoT development kit market has expanded as a result of rising internet usage in countries with developing technology as well as the expanding use of wireless sensors and networks in key end-use industries like healthcare, retail, consumer electronics, industrial, automotive, and transportation. The market is also expanding because of increased research and development (R&D) in the IoT space for new and enhanced technologies, as well as an increase in consumer demand for better lifestyle options.
  • With roughly 24.1% of the market, Europe is the second-largest market shareholder. Since IoT devices are being used more widely there, the region is predicted to develop rapidly throughout the projection period. Additionally, the market is likely to expand in the area as more IoT sensors are being adopted by sectors including automotive, food and beverage, transportation, and others for monitoring. Together with important stakeholders, the European Commission has been working hard to create the ideal European IoT ecosystem and has started a dedicated cluster of R&D initiatives to address security and privacy concerns and promote confidence in IoT solutions.

Competitive Analysis

Using data collected at the Intelligent Edge, IoT solutions for infrastructure, apps, and security enable new experiences and drive improved operations. Large organizations are concentrating their efforts on developers who want to construct Internet of Things devices. This kit includes the software frameworks, network stacks, and cloud connection capabilities required to reliably connect and authenticate devices to the cloud, in addition to the industry-standard hardware components required to quickly prototype a wireless IoT system from scratch.

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IoT Network Management Market is Projected to Record a CAGR of 23.3%, during 2022 – 2032

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According to the IoT network management industry analysis by Future Market Insights (FMI), the demand registered in the IoT network management market will grow at a noteworthy CAGR of around 23.3% from 2022-2032. The report states that the market is expected to reach a valuation of US$ 5.1 Bn by the end of 2022.

IoT networks are rapidly expanding across the globe, allowing businesses, and industries to control and/or monitor a broad range of smart gadgets. With any network technology, speed and responsiveness are crucial for accurate and dependable IoT device performance.

IoT networks, on the other hand, have a variety of network performance issues due to the presence of heterogeneous and resource-constrained devices communicating through error-prone radio channels and frequently deployed in hostile environments.

The Internet of Things (IoT) tangibly solves significant business problems in a variety of industries. Healthcare, smart cities, building management, utilities, transportation, and manufacturing are among the early users of this technology, attesting to its numerous advantages.

However, the number of threats and cyberattacks directed at IoT devices and networks is on the rise in both number and complexity. Attacks like IoT botnets, DNS threats, IoT ransomware, IoT physical security, and shadow IoT are on the rise in IoT devices, connected software, and network connections.

Combining IoT solutions with edge processing technology supports minimizing the vulnerabilities as edge security helps in protecting users and sensitive data. Therefore, there is an increased need to secure the devices and network, and use them to strengthen network security. As a result, enterprises are deploying IoT network management solutions to protect devices against new security threats.

“Different functionalities of IoT network management help to maintain network performance. Increasing adoption of IoT network management platforms across large enterprises will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By solution, demand in the network management platform segment is expected to grow at a CAGR of 24.4% through 2032.
  • Based on enterprise size, the SME segment is predicted to grow by 8.9X during the forecast period.
  • In terms of industry, the healthcare segment is predicted to grow at a CAGR of 29.9% between 2022 & 2032.
  • By region, North America accounted for the largest market share of around 32.3% in the IoT network management market in 2021, whereas South Asia & Pacific region is showing the highest growth of around 28.4% CAGR during the forecast period.

Competitive Landscape

IoT network management providers are focusing on strategies such as product innovation to improve their offerings and enhance their product portfolios to meet growing demand. Furthermore, a number of enterprises are collaborating with technology experts to build their own IoT network management solutions. For instance:

  • In March 2021, BehrTech collaborated with WEPTECH, a pioneer in the development and manufacture of cutting-edge wireless communication technologies launched cost effective MYTHINGS-certified gateway for Mioty, which is a next-gen LPWAN protocol.
  • In March 2022, a strategic partnership was established between Sierra Wireless and T-Mobile to strengthen the IoT connectivity solutions of Sierra Wireless by combining the IoT network management tools with LPWA, 5G coverage, AND 4G LTE from T-Mobile’s powerful mobile network.
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IoT Processor Market will reach a value of USD 92.92 Bn by 2032 at a CAGR of 7.4%

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The global IoT processor market is projected to reach a valuation of US$ 92,925.7 Mn by 2032, with sales growing at a healthy CAGR of 7.4% from 2022 to 2032. Predicted to reach an estimated US$ 45,420 Mn in 2022, the IoT processor market is fueled by associated benefits like greater business efficiency, empowering of new business models, and enhancement of existing services.

The internet of things (IoT) is a low-powered processor that can host multiple applications from a variety of connected devices in real time. This includes more data and sensors, end-to-end communications, faster responses, and a smarter user interface. IoT empowers almost every aspect of the digital universe. These connected devices obtain huge amounts of data on a daily basis and transfer the same data and information in real-time to overcome human challenges.

With more and more devices coming into use daily, carrier suppliers are finding it tough to collect, process, and dispatch data from one device to another because of general-purpose sensor conformance limitations. This results in a particular need for IoT processors. For instance, IoT processors in wearable devices control, process, store, and interpret data while consuming minimal power. This would have been hard to achieve if wearable device distributors like Xiaomi and Apple Inc. had used general-purpose processors in their devices.

In addition, technological evolutions in cognitive and affective computing are further aiding the growth of the IoT Processor market during this assessment period.

“Benefits associated with IoT processors such as minimal consumption of power, smarter user interfaces, smoother communication, and others are expected to propel the market growth of the IoT processors over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Usage in the semiconductor sector to strengthen market possibilities.
  • IoT products’ tendency to attract a niche market leads to low sales volume.
  • North America holds about 40.1% of the global market share.
  • The semiconductor industry is driving the target market in the Asia Pacific region.
  • Europe accounts for 23.6% of the overall market share.
  • 8 bit IoT processor segment will register high demand over the forecast period.

Regional Analysis

  • According to the latest Future Market Insights reports, based on region, North America is anticipated to be the largest IoT processor market. The region accounts for 40.1% of the global market share. The immense presence of major market players, greater investment in the local IoT environment, expansion of cloud platforms, and elevated investment in research and development activities fuel the regional market growth over the projected period.
  • Europe’s IoT processor market is predicted to exhibit impressive growth during 2022-2032. The region holds about 23% share of the global IoT processor market. The expanding healthcare sector is increasingly tied to large databases. Diagnostic analytics, descriptive analytics, prescriptive modeling, and actionable insights are all enabled by IoT technology in combination with big data analytics. Hence, advancing big data and IIoT technology will drive the target market growth in this region.
  • Asia Pacific IoT processor markets, too, are expected to grow at a steady rate in the upcoming years. The huge semiconductor sector in countries like China and Taiwan is anticipated to drive the demand for IoT processors in this region through 2032.

Competitive Landscape

Texas Instruments, Intel, Qualcomm, ARM, Atmel, Freescale, Amulet Technologies, Broadcom Inc., 4D Systems, and Renesas Electronics among others are some of the major players in the IoT processor market profiled in the full version of the report.

Leading market players are utilizing various organic and inorganic strategies such as mergers, acquisitions, partnerships, and collaborations. These businesses are keen on new product releases and geographical expansions to extend their consumer base.

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IoT Device Management to Record US$ 39.6 Bn by 2032; North America to be the Lucrative Region

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With an estimated CAGR of 18.6% during the projected period, the IoT device management market share is expected to reach US$ 39.6 billion by 2032, finds a recent report published by FMI. The study finds that the rising demand for reflects the adoption of IoT device management.

The Internet of Things entails the transport, storage, management, and analysis of data created by edge devices. By providing analytics tools, cloud platforms assist in this endeavor. A cloud platform is a low-cost, easy-to-deploy system that does away with the need for on-premises data centers.

IoT device management creates data that is stored in the cloud and on cloud platforms. This enables organizations to make sense of IoT device management and, as a result, develop procedures around them. In addition, the rise of IoT device management has boosted the adoption of IoT device management across a variety of industrial verticals.

Cloud platforms enable enterprises to link traditional information systems to IoT device management in innovative ways. The cloud solutions of various organizations in the IoT node and gateway industry are being tailored to match the needs of their clients.

NXP Semiconductors N.V., for example, announced the EdgeLock 2GO IoT device management platform in February 2021, which is designed for zero-touch, secure deployment, and security management of IoT device management across their full lifespan. Companies have understood the value of cloud computing in offering IoT device management to their clients, fueling the IoT device management industry even more.

Data centers have become more important as a result of the massive amount of fresh data that is being produced and will need to be stored. For example, when users create new accounts, all of their personal and financial information, as well as usage statistics, must all be saved and encrypted.

The use of data centers will expand as a result of this. With such a significant increase in data consumption and traffic, connectivity between devices and data centers will need to be greatly upgraded, with each one requiring a data connection to operate and interact with other devices. As a result, IoT device management adoption is expected to rise in the future years.

Sales of IoT device management are expected to rise significantly. In addition to this, sales of IoT device management are rising on account of US$ 19.92 Bn by 2026. Increasing sales of IoT device management are also projected to contribute to the growth of the IoT device management market share.

Manufacturers in the IoT device management market get a big platform from which to serve the whole demand for IoT device management. The worldwide sales of IoT device management are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for IoT device management more accessible to customers.

Key Takeaways:

  • Software solutions are designed to solve interoperability issues caused by a wide range of heterogeneous devices, as well as to manage large amounts of data while maintaining security and privacy.
  • The most important software solutions in the field of IoT device management are data management solutions because large amounts of data generated by IoT device management make it difficult for technology providers to deal with.
  • IoT device management has several advantages, including quick device registration, simple IoT device classification, quick device locating, and remote device administration.
  • North America will lead the IoT device management industry in 2030.
  • The use of wireless sensors and networks across numerous end-use industries such as healthcare, retail, consumer electronics, industrial, automotive, and transportation is propelling the global IoT device management market forward.

Competitive Landscape

Intel Corporation (U.S.); Qualcomm Technologies (U.S.); Texas Instruments Incorporated (US); STMicroelectronics (Switzerland); IBM (U.S.), and others are major participants in the IoT device management industry.

  • Intel released new 3rd Generation Intel Xeon Scalable CPUs in April 2021, together with Intel’s Optane persistent memory and storage, Ethernet adapters, FPGAs, and optimized software solutions.
  • Texas Instruments introduced a new Ethernet physical layer (PHY) in October 2020 that can deliver 10-Mbps Ethernet signals up to 1.7 kilometers over a single pair of twisted wires.
  • Qualcomm and LTE signed a 5-year direct worldwide patent license deal in August 2019 that included 3G, 4G, and 5G single and multimode devices.

These insights are based on a report on IoT Device Management Market by Future Market Insights

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Wiliot Revolutionizes Cold Chain Operations

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Using Wiliot’s new Reusable Transport Item (RTI) solution, Israel’s largest retailer becomes the first in the world to create an intelligent farm-to-store supply chain, continuously monitoring the location and temperature of produce to ensure freshness for its customers.

Wiliot, the Internet of Things pioneer whose IoT platform is
enabling trillions of everyday “things” to gain intelligence and harness the power of the cloud, today announced the Wiliot Reusable Transport Item (RTI) solution, built on the company’s
revolutionary Wiliot IoT platform.

Using Wiliot’s new Reusable Transport Item (RTI) solution, Israel’s largest retailer, Shufersal, becomes the first in the world to create an intelligent farm-to-store supply chain, continuously monitoring the location and temperature of produce to ensure freshness for its customers.

The new Wiliot RTI solution features the company’s IoT Pixels that can durably attach to ordinary plastic crates and make them smart using Wiliot Cloud services. This allows businesses to continuously track not only their reusable shipping assets, but also the contents
within. The IoT Pixels built into the RTI solution’s plastic crate are self-powered, postage stamp- sized computers that communicate wirelessly with the Wiliot Cloud and can sense a range of physical and environment conditions, such as temperature, location changes, as well as if the crate is full or empty.

When trillions of everyday things connect to the IoT—products, materials, shipping containers, and more—they transform how goods are made, distributed, sold, consumed, reused, and
recycled. In the process, an Internet of Trillions (IoT2) allows businesses to reinvent their supply chains to be more sustainable and create a truly circular economy that maximizes profit while
protecting the planet.

With the Wiliot RTI solution, businesses can monitor their containers – and the food, medicine, or other perishables inside – through proactive alerts of temperature thresholds. Such information helps companies maintain regulatory compliance as it brings food and pharmaceuticals safety to a level of accountability not possible before. Until now, temperature monitoring has been restricted to a subset of products in the supply chain, leaving gaps where quality issues can occur and the integrity of products can be compromised.

The ability to track shipping assets has an equally profound effect on operations. By achieving cost-effective visibility into each asset at each stage of the supply chain, businesses gain insight that can have a meaningful, measurable impact on capital savings. With the Wiliot RTI solution, they can learn what percentage of intelligent containers are being stocked and used; exactly how and where they’re being used; and, equally important, whether they’re not being used at all.

First Intelligent Farm-to-Store Supply Chain

Shufersal, Israel’s largest retailer, is already embracing real-time visibility through adoption of Wiliot’s RTI solution, creating a fully transparent supply chain from farm to store and ensuring
the timely delivery of high-quality produce, extending shelf life, and minimizing food waste.

In Summer 2021, Wiliot and Shufersal completed a successful pilot of Wiliot’s RTI solution and its ability to track the movement and condition of produce from the time it’s picked to its placement
in Shufersal stores around Israel.

Based on the successful pilot, Shufersal is now rolling out the Wiliot RTI solution throughout the country, deploying more than 1 million RTIs and installing wireless communications infrastructure to support roughly 250 farmers and distributors and 300 Shufersal stores. The solution will even include wireless readers and mobile network gateways on farmers’ tractors to ensure supply chain visibility out at the very edge.

To encourage widespread adoption, Wiliot is making its technology available in its Starter Kit and Partner Kit. The Wiliot Partner Kit includes IoT Pixels that users can attach to crates and pallets; bridge devices through which IoT Pixels communicate data wirelessly to the Wiliot Cloud; and Wiliot Cloud Services, which allow businesses to collect and analyze data from their IoT Pixels.

Wiliot works with many of the world’s largest and most innovative retail brands across apparel; food and beverage; and healthcare. The launch of the Wiliot RTI solution comes on the heels of a $200M venture capital round led by Softbank Vision Fund 2.

About Wiliot

Wiliot is a SaaS company whose platform connects the digital and physical worlds using its IoT Pixel tagging technology, computers the size of a postage stamp that power themselves in revolutionary ways. Our vision is to expand the Internet of Things to include everyday products, adding intelligence to plastic crates, pharmaceuticals, packaging, clothes, and other products, connecting them to the internet and changing the way things are made, distributed, sold, used, reused, and recycled.

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Understanding How Immersive Mixed Reality Will Power the Metaverse

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The way in which businesses, enterprises, industry leaders and consumers utilize technology for everyday tasks is set to undergo one of the most drastic evolutions ever. Just a few short years ago it was nearly impossible to think any sort of technology could have a greater impact than networked computers, the Internet or even mobile computing, but now immersive mixed reality powering the Metaverse is challenging just that.

How Companies Will Leverage “Digital Twins”

Today’s IT leaders are building the Metaverse – knowledge workers and things being represented by “digital twins” – a virtual world where people, consumers, workers all gather to communicate, collaborate, and share through a virtual presence on any device. This means companies will build immersive virtual spaces, aka metaverses, and it will allow employees to virtually collaborate using their digital twin through chats, emails, video calls and even face-to-face meetings.

Well-known companies like Microsoft, Accenture, and Facebook, which itself is now called Meta, are all paving the way toward this new reality of business, but there are companies working behind the scenes building immersive reality, modeling and simulation technologies that will ultimately power this new Metaverse.

What Companies Can Do with the Metaverse

Microsoft in particular believes individuals will engage with one another in an immersive experience once they can co-exist in a virtual setting where they exist as avatars, perhaps even one day as holograms. The company expects people to access virtual settings from its Mesh for Teams application through mixed-reality headsets like HoloLens, as well as everyday smartphones and laptops.

In one of the earlier enterprise-level buildouts, Accenture has been developing a “virtual campus” where its employees meet for coffee, parties, presentations and other virtual events. The company also leverages this virtual meeting space when onboarding new employees so they can build their virtual twins.

Modeling is at the center of powering the Metaverse

In this virtual Metaverse, digital twins based on modeling and simulation play a leading role. Simulation allows companies to take copies of the digital twin, run simulations on it and then identify optimizations that are too complex to find by monitoring the physical environment alone.

The power of simulation will be an exact game-changer for enterprises and businesses throughout the Metaverse in a variety of industries, such as optimizing production planning in the automotive sector, accelerating design in the aerospace industry, improving overall production efficiency for manufacturers, and increasing accuracy for consumer packaged goods companies, many companies are poised to leverage virtual simulation to make better business decisions and generate the greatest return on investment.

Optimum immersive reality systems are needed to support ultra-realistic, high-fidelity digital twin visuals during the modeling and simulation process; precise fusion of the virtual on real world in a multi-platform environment and the ability to demonstrate a variety of realistic environments.

Metaverse is a new kind of application which is enabled by tight integration between real and virtual worlds. Metaverse is enabled by multitude of new technologies broadly in five groups as shown below:

1. Communications and computing infrastructure:  Metaverse will need to perform large scale compute-heavy tasks, and access large databases to merge the real and virtual world.

2. Management Technology: Metaverse will need a lot of resources like energy, compute etc. This layer manages and allocates most optimum resources to run Metaverse.

3. Fundamental common technology: AI, Spatio-Temporal consistency are fundamental common technology for Metaverse.

4. Virtual Reality object connection: Metaverse will create 1:1 connection between real and virtual world objects and technologies like blockchain, and identity modeling will enable that.

5. Virtual Reality Space Convergence: Metaverse will fundamentally need a new medium to interact. AR/VR/MR, BCI, Gaming technologies will enable this.   

Immersive reality solution providers offer the following foundational technologies to run industrial enterprise Metaverse:

1: Virtual Reality Space convergence:

a: AR/VR:

Ultra-low Latency High Fidelity Rendering: Low latency is extremely critical to provide an immersive experience in Metaverse. AR/VR partners provide unparalleled realism of environments by leveraging ultra-low latency remote rendering on cloud/on premise in full fidelity and wirelessly streaming the solution to affordable commercial-off-the-shelf (COTS) devices – HMD, Tablet and Desktop.

High Precision 3D Artificial Intelligence (AI) based Spatial Mapping: Uses high-fidelity remote spatial mapping with high fidelity 3D scene reconstruction, scene segmentation and 3D object recognition using 3D vision and deep learning-based AI with precise fusion of the real and virtual worlds to merge real world and virtual worlds.

Game engine: Consumer game engines have limitations that they can only handle a Metaverse that can fit in a single server. The metaverse will be ever growing as more digital twins are created to simulate real objects in the virtual world. The right AR/VR partners have created a data-centric simulation engine which scales for any complexity of metaverse.

2: Communications and computing infrastructure:

a: Cloud computing/edge computing: Industrial enterprises will always subscribe to multi-cloud, edge cloud. Depending on different factors like data sensitivity, latency, cost, different parts of the Metaverse need to be run at different clouds/edge in a distributed manner. AR/VR partners automate running the Metaverse for industrial enterprise.

b: Messaging framework: In the distributed Metaverse there is a need to update the Metaverse at global scale so users can collaborate seamlessly. AR/VR partners have messaging framework updates distributed to the Metaverse at global scale.

Fundamental common technology:

Security and privacy: Security and privacy is one of the biggest issues facing today’s world. Since Metaverse has the digital twin as an integral part, the Metaverse will have much richer data. The security and privacy in Metaverse cannot be solved by traditional security tools. AR/VR partners have built tools that handle security and privacy related to digital twins.

The Metaverse is going to be important for all businesses, enterprises and consumers. Today, people and employees can only experience the internet when they log online on their computer or mobile device, but with new connectivity, devices and technologies powered by immersive mixed, we’ll be able to experience the internet all around every single day.

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About The Author: Dijam Panigrahi is Co-founder and COO of GridRaster Inc., a leading provider of cloud-based AR/VR platforms that power compelling high-quality AR/VR experiences on mobile devices for enterprises. For more information, please visit www.gridraster.com. 

infrastructure
Archives, Global Trade Daily, News

4 Major Trends Propelling the Growth of Automated Infrastructure Management Solutions Market by 2027

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There has been a significant rise in the number of data centers globally over the past few years, driven by the increasing storage and computation requirements to serve applications based on machine learning and AI. This has strongly influenced the adoption of automated infrastructure management solutions and systems across data centers worldwide. The demand for these systems is being further stimulated by the rising penetration of connected consumer electronic devices which is opening new growth opportunities for the automated infrastructure management solutions market.

The market growth is also being accelerated by the growing proclivity towards renewable power generation. AIM solutions help in enhancing the grid efficiency, reliability, safety, and resilience for energy and utilities. They also aid in increasing decarbonization through cleaner electrification and real-time climate data management.

As per the recent report by Global Market Insights, Inc., the automated infrastructure management solutions market is projected to surpass USD 4 billion by 2027, considering the following trends:

New product launches by major companies

Various major companies active in AIM solutions industry are focusing on the development of innovative infrastructure management tools to effectively meet consumer demands and consolidate their position in the market. Quoting an instance, in 2021, RiT Tech, a leading provider of converged IT infrastructure management and connectivity solutions, launched automated infrastructure management tools, designed to bring real-time visibility, control, and monitoring of the entire network physical-layer components.

Burgeoning demand for device discovery solutions

Device discovery solutions find extensive application in various industries owing to their ability to manage the connected environments in real-time. These solutions help in the automatic correlation of performance in all infrastructure tiers for isolating the root cause of problems by detecting the exact device of concern. In addition, they also deliver information regarding the connected devices and their activities in IT infrastructure. Besides, they also help in storing and collecting information about cabling connectivity as well as its connection with other sources through Application Program Interfaces which is fueling the adoption of device discovery solutions further.

Heightened adoption in IT and telecom sector

Growing investments in 5G infrastructure with the shifting consumer preferences for next-generation technologies and smartphones is one of the major reasons driving the adoption of AIM solutions in IT and telecom sector. These solutions provide real-time insight into illegal IT activities along with the automatic recording of all modifications. This in turn helps in improving the asset utilization, reducing the troubleshooting time, offering faster service turn-up, and better network security. In addition, it offers a GIS service that facilitates visualization of locations, engineering architecture, and connections in the physical infrastructure levels as well as the service trail layers and the logical networks.

Expansion of data centers in North America

The continuous growth in the data center infrastructure in North America is largely contributing to the expansion of the regional AIM solutions industry. This can be ascribed to the factors such as increased usage of cloud computing, rise in IoT, and expansion of mobile broadband in the region. In addition, the shifting of numerous data centers and various companies from hardware to software-based services in the U.S. is driving the data center installations. Besides, the increasing penetration of automated connected devices is further impelling the adoption of data center management solutions, complementing the business expansion.

Briefly, the automated infrastructure management solutions industry is growing with the adoption of advanced technologies like AI, IoT, and machine learning, coupled with the expansion of data center infrastructure globally.

Source: Global Market Insights Inc.

 

IoT AB5 yellow
Archives, Global Logistics, Global Trade Daily, Trucking

A Quick Guide On How IoT Is Revolutionizing The Fleet Management Industry

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Fleet management has been radically transformed by innovations such as smart devices and sensors in the digital age. The IoT-enabled future of the supply chain industry looks promising as more companies across the globe are embracing the technology.

Research predicts the revenue of the global IoT fleet management market will reach an estimated US$15,500 million by 2024. This is not surprising at all because the sector has achieved great strides by being tech-forward.

Key benefits of IoT in fleet management

Real-time vehicle monitoring

The use of IoT in fleet management allows efficient monitoring of the vehicles and associated assets. The two-way communication system records crucial data. It facilitates remote monitoring, allowing operators to track vehicle conditions and ensure driver safety through predictive maintenance and timely delivery of goods in proper condition.

Risk mitigation

Automation through IoT-driven sensors and smart transport systems helps mitigate risks. The system keeps you informed in real-time about any required changes in routes due to traffic congestions or adverse weather conditions.


Remote data management

With an IoT-driven solution, fleet operators have access to vehicle performance data that helps them make informed decisions quickly. Endpoints can be handled remotely, and real-time data is easily accessible over the cloud.

Impeccable customer service

Fleet management centers can integrate smart solutions with their existing ERP systems to optimize performance across all aspects of the business. It helps them drive superior customer experience through higher on-time delivery rates and reduced defect rates.

Cost optimization

The IoT technology helps freight and transportation businesses work more efficiently. Automation eliminates the need for time-consuming operations, and connected devices provide seamless connectivity. Tracking shipments in real-time helps logistics companies optimize costs without compromising customer service and driver safety.

Smart reporting

IoT-powered devices such as the digital tachograph make fleet management reporting intelligent. It records complete data concerning a vehicle’s utilization and shares it in real-time via connected devices. The data helps fleet operators track the vehicle’s health and alerts them regarding upcoming maintenance requirements.

Six ways IoT has revolutionized fleet management

Environment-friendly operations

IoT solutions offer a great way to reduce carbon footprint through sustainable fleet management. These intuitive technologies monitor driver performance and fuel utilization per mile. You can use the data to align your efforts with your green fleet strategy.

It can be used to improve driver behavior through training and adopting route optimization techniques. Vehicle condition tracking allows the identification of service requirements in advance. You can regularly monitor all your vehicles and maintain them in a good condition.

Not only does IoT technology help reduce environmental pollution from idle vehicles, but it also saves money on wear-and-tear repair costs by helping drivers avoid speeding or idling their cars unnecessarily. It reduces the overall impact of your business on the environment.

Preventive maintenance

Vehicles equipped with IoT sensors collect data from endpoints and send automated signals. This feature can generate early warnings or alerts for monitoring crucial parts of a vehicle such as tires, breaks, and so on.

Based on the information collected, fleet managers can identify parts that need maintenance or must be replaced. You can set alerts for low battery, low levels of coolant, changes in tire pressure, fluctuations in temperature, or defective engine.

The preventive fleet management services help vehicles perform optimally. You can change crucial parts such as tires in advance and re-stock spare parts to avoid accidents and ensure all vehicles run safely at all times.

Engine performance

Remote Engine Monitoring & Diagnostics has been a catalyst to improved fleet performance and optimization. Fleet managers can use it to monitor and analyze the critical engine parameters remotely.

The concept uses diagnostics fault codes to understand what may be wrong with a vehicle. In-vehicle data acquisitions provide comprehensive information on how the vehicle performs or if any problems need attention off the road.

In addition, integrated field engineer optimization means less downtime by sending engineers where they are needed most.

Fleet operators can also use IoT for spare part management. Ensure your inventory is stocked as per upcoming requirements so your vehicles would not proceed on the next trip without necessary repairs.

Improved fuel efficiency

The fuel efficiency of a supply chain vehicle is mainly dependent on the driver and vehicle condition. Poor driving behavior such as idling or unnecessary acceleration and deceleration consumes excessive fuel.

It also leads to wear and tear of crucial components such as tires, brake discs, and so on. The performance of improperly handled vehicles depreciates over time, resulting in higher fuel consumption. Using IoT technology allows you to track vehicle performance data in real-time.

You can analyze data such as average speed to identify erratic patterns in driving behavior. It also provides details related to the condition of parts of vehicles. Improved fuel efficiency saves costs for the company and reduces the adverse impact on the environment.

Commendable automation

IoT-driven connected devices can be used to automate procedures and revolutionize fleet management. Fleet managers can automate many processes, such as route planning and maintenance checks.

Different IoT sensors and GPS-enabled smart systems installed on the vehicle send automatic notifications upon detecting a vehicle breakdown or when weather conditions are fluctuating. It reduces human intervention in maintenance checks and saves time.

Automatic rerouting informs drivers in real-time and helps in saving costs while meeting delivery timelines. Route optimization ensures your fleet takes the best possible route to reach the destination on the expected delivery date without increasing fuel spends.

Higher visibility

IoT collects data from different sensors and stores vast amounts of data. It helps companies use these insights to fulfill various objectives such as fleet performance, compliance with laws, driver behavior, idling, or speeding.

IoT enables cargo cars to keep perishable items and food products fresh. Their network of embedded temperature control devices throughout the cargo chain.

The visibility offered by them helps you ensure food items stay at an optimal safe storage level for consumption or transport.

They work by checking on whether items inside the vehicle’s cabin are outside the specified temperature range. The fleet operator is notified directly from within its internal environment-controlled compartment of the fleet.

Technology requirements for fleet management

Fleet managers should equip their vehicles with the latest IoT-enabled devices and wireless technology. Using high-quality sensors enables accurate recording of data at the endpoints.

For precise data collection, you must select a suitable variety or group of sensors depending upon the requirement of your vehicle and products.

You can pick from temperature, pressure, light, humidity, and proximity sensors. OEMs and telematics service providers must adhere to compatibility standards when developing IoT solutions to ensure precise data sensing.

When deploying IoT devices, you must ensure they perform across all networks, including 2G, 3G, or 4G LTE networks. Explore connection options across diverse networks like Wi-Fi and BLE for a cost-effective approach.

You can also experiment with advanced technologies such as Augmented Reality, Blockchain, and Cognitive Recognition to optimize your fleet management strategy.

You may also need custom software and cloud storage for storing and analyzing data. These must enable remote monitoring and controlling of all connected devices.

All IoT equipment used in your vehicle must conform to safety standards to ensure compliance with road safety rules and driving standards of all regions covered throughout the journey.

The combined impact of telematics and IoT

Telematics has fueled a revolution in the logistics industry by making fleet management more efficient.

-The use of technology to track the location and condition of vehicles means that drivers are less likely to get lost, miss deliveries, or run out of gas while driving.

-Modernized fleet management offers fuel efficiency.

-Driver monitoring ensures lesser accidents and penalties owing to poor driving practices.

-Improved safety for both drivers behind the wheel as well as workers on or near highways.

-Decrease in operational costs as fleets will last longer.

-It is now easier to keep track of shipments at all times through connected devices. The GPS tracking software allows fleet managers to monitor their shipments in real-time. You can follow the map and select the best route for on-time delivery.

-One can study valuable data related to vehicle maintenance or fuel management for project cost calculation and optimization.

Over to you

Imagine a world where you can know the location of your fleet within moments and track it in real-time. With IoT, companies save time and costs by decreasing wait times for inspections and conducting proactive maintenance of their vehicles.

They can provide better customer service by ensuring each customer can track their order and minimize delayed delivery instances. They control your fleet and can reduce accidents or delays caused due to miscommunication between departments.

IoT is making the adoption of these changes easier than ever for companies. They are equipped to strategize better and increase productivity by automating routine tasks.

Therefore, integrating information technology improves the performance of your fleet business manifolds. It assures improvement in efficiency and compliance with road security standards.