Berg Insight, the world’s leading IoT market research provider, today released new findings on the mHealth market.

The number of remotely monitored patients reached 76.7 million worldwide in 2023 as the market acceptance continues to grow in several key verticals.

This number includes all patients enrolled in mHealth care programs in which connected medical devices are used as a part of the care regimen. Connected medical devices used for various forms of personal health tracking are not included in this figure.

Berg Insight estimates that the number of remotely monitored patients will grow at a compound annual growth rate (CAGR) of 12.8 percent to reach 140.1 million by 2028.

The three main applications are monitoring of patients with sleep therapy devices, glucose level monitoring of patients with diabetes and monitoring of patients with implantable cardiac rhythm management (CRM) devices.

Sleep therapy is by far the most connected segment, dominated by ResMed. In 2023, approximately 32.2 million sleep therapy patients were remotely monitored, which has more than doubled since 2018. The growth is largely driven by the compliance monitoring requirements introduced in the US and across European countries.

Glucose level monitoring has grown significantly in the last years and is now the second largest segment with 12.6 million connections at the end of the year. The growth is driven by the increased adoption of continuous glucose monitoring (CGM) systems from providers such as Abbott and Dexcom.

The CRM market is led by companies such as Medtronic, Abbott, Boston Scientific and BIOTRONIK that started to include connectivity in CRM solutions more than two decades ago. Other device categories include ECG, telehealth, medication compliance, blood pressure monitors and others.

The fastest growing market segments in the next five years are anticipated to be remote ECG monitoring and medication compliance monitoring. Today, the leading connected healthcare players in these segments include forward-thinking incumbents as well as innovative new entrants such as AliveCor, Boston Scientific, Compliance Meds Technologies, Evondos, GE HealthCare, Phillips, Hero, InfoBionic.Ai, iRhythm Technologies, MedMinder, MedReady and VitalConnect.

mHealth software and services are one of the most rapidly developing parts of the mHealth value chain. This segment includes platforms and software solutions that enable remote patient monitoring by utilizing connected devices like wearables and sensors to collect vital signs data and health metrics in real-time. Service providers in this space offer comprehensive solutions that integrate data analytics, telehealth capabilities and patient engagement tools to ensure continuous and efficient care. Companies that specialise in this area include Accuhealth, Amwell, Aptar Digital Health, Alira Health (Bepatient), Biofourmis, Doccla, Huma Therapeutics, Omron Healthcare (Luscii), Medixine, Medisanté, MedM, S3 Connected Health, Current Health, SHL Telemedicine, Teladoc Health (Livongo), TytoCare, Enovation and Welldoc.

The demand for home monitoring solutions has surged in recent years. Healthcare systems around the world have undergone a transformation to adopt to value-based care – a care model that requires care solutions to be both cost-efficient and of high quality. Healthcare industry players have responded to this by developing data-driven solutions, such as remote diagnostics solutions, allowing healthcare providers to assess and diagnose patients from a distance. Self-engagement apps and compliance monitoring solutions ensure that patients adhere to prescribed treatments, enhancing the effectiveness of medical regimens. Artificial intelligence is also being added to mHealth solutions, aiding in disease detection and personalized treatment by analysing large datasets.

“With advancements in AI and machine learning, mHealth platforms are evolving from monitoring tools to comprehensive systems that assist in diagnosing and treating patients, paving the way for more effective healthcare”, says Vatsala Raina, IoT Analyst at Berg Insight.

Digital health solutions can indeed help ease the burden of an already strained healthcare sector, as they ease the access to patient data and both increases the efficiency and improves the quality of care.

Mrs. Raina concludes:

“The growth on this market is expected to continue at a high pace, as regulations and reimbursement rates are being changed in favour of remote patient monitoring solutions in many countries.”

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5G RedCap was finalized in the 3GPP’s Release 17 to provide device OEMs with a migration pathway from 4G LTE to 5G for mid-range devices, whose throughput requirements sit between those of enhanced Mobile Broadband (eMBB) and Low-Power Wide-Area (LPWA). This makes 5G RedCap particularly interesting for the IoT.

ABI Research, a global technology intelligence firm, forecasts IoT RedCap module shipments will accumulate to 80 million from 2024 to 2029.

“5G RedCap is a series of network and device optimizations that strips back device complexity, acting as a natural successor to LTE Cat-4 and LTE Cat-6. It is a means of providing an affordable pathway to 5G for IoT device OEMs that do not require the full spectrum of 5G capabilities,” explains Jonathan Budd, Industry Analyst at ABI Research.

“The mid-tier LTE Categories have proven valuable in connecting IoT devices; RedCap delivers LTE-equivalent throughput performance, with assurance of network longevity into the 5G era. Unsurprisingly, 5G RedCap is drawing significant interest across the IoT value chain, with Qualcomm, MediaTek, UNISOC, and ASR Microelectronics quick to enter the chipset market.”

The second iteration of the RedCap standard enhanced RedCap (eRedCap) will reduce device complexity even further to unlock another sizeable addressable market for IoT devices OEMs that currently use, or plan to use, LTE-Cat-1 and Cat-1bis. These LTE categories serve a substantial pool of IoT applications, representing a greater market opportunity than 5G RedCap. From 2024 to 2029, 56 million modules, or 71% of all RedCap modules, are due to be eRedCap, with 23 million, or 29% of RedCap modules for 5G RedCap (R17).

Sequans has already announced its intention to develop an eRedCap chip, and we can expect more silicon vendors to follow in what is projected to be a hyper-competitive space.

“As a replacement for LTE Cat-1 and Cat-1bis, eRedCap will be widely applicable in connecting devices across the IoT application landscape, and chipset and module manufacturers will seek to attain customer loyalty as early as possible,” concludes Budd.

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Together, both companies will be able to provide greater scalability, flexibility and network options for global IoT deployments.

Wireless Logic, the leading global Internet of Things (IoT) connectivity platform provider, and u-blox, a provider of positioning and wireless communication services, have today announced a strategic alliance.

Through the use of connected modules and a coordinated referral network, both organisations will now be able to provide unparalleled connectivity options and scalability for customers.

As a major European module partner for Wireless Logic, u-blox offers an extensive range of high-quality, scalable and secure cellular modules which can serve various form factors, cost considerations and quality standards, and all cellular technologies.

Wireless Logic’s industry-leading IoT connectivity network, Conexa, will be integrated into u-blox cellular modules. This integration will provide customers with enhanced control and visibility over their IoT deployments, allowing them to manage connectivity directly through Wireless Logic’s platform. Additionally, customers can benefit from various complementary service extensions, such as Anomaly Detection, offered by Wireless Logic.

This partnership also provides businesses and developers with seamless, robust and scalable connectivity solutions, addressing the increasing demand for reliable IoT deployments across key industries such as industrial, healthcare, smart cities and transport and logistics.

Customers will now have access to Wireless Logic’s extensive portfolio of managed services, through this single SIM carrier-grade mobile network, which has been built specifically for the IoT. By using Conexa’s multi IMSI eSIM, customers will be able to experience superior network reliability, extensive global coverage, and the flexibility to switch between multiple mobile networks without the need for physical SIM card changes. This enables their devices to be optimised and economised over time, meaning their deployments are future proofed in the instance of coverage, performance, commercial constraints, and regulations.

The combined offering will guarantee unparalleled scalability and flexibility, making it easier for businesses to deploy IoT solutions at scale, significantly reducing time-to-market and enabling faster global deployments.

“This partnership with u-blox marks a significant milestone in our mission to simplify IoT connectivity. As experts in cellular connectivity, we are well-equipped to support u-blox’s global customers with all their cellular needs,” said John Dillon, Managing Director of Product and Marketing, Wireless Logic.

“By combining our connectivity services with u-blox’s high-performance cellular modules, we are enabling businesses to deploy IoT solutions more efficiently and cost-effectively. We look forward to seeing the innovative devices and applications that our combined offering will create.”

“We are excited to partner with Wireless Logic to offer their IoT connectivity services with our cellular modules,” said Martin Leach, Head of u-blox Cellular Business Unit, u-blox. “Their market leading eSIM solutions and technical expertise aligns with our commitment to delivering state-of-the-art products that meet the evolving needs of our customers. By combining our technologies, we are enhancing the value proposition for IoT deployments, providing unmatched connectivity, security, and flexibility.”

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UnaBiz, Massive Internet of Things service provider and integrator, today announced the launch of three innovative solutions targeting the Smart Building sector at BEX Asia 2024.

These IoT solutions are designed to automate monitoring, optimise operations, and help building owners meet their sustainability goals by minimising wastage and enhancing efficiency, all while reducing operational and maintenance costs.

Designed for modern smart buildings, the lineup includes UnaBiz’s cutting-edge FCU monitoring solution, along with two new offerings from Milesight, UnaBiz’s strategic partner in Smart Building and Facilities Management: advanced energy monitoring and occupancy monitoring solutions.

A. 3-in-1 Fan Coil Unit (FCU) Monitoring – UBZ310

The UBZ310 is an innovative 3-in-1 IoT solution engineered to provide real-time data on fan coil air filters, revolutionising maintenance practices in buildings. This advanced system empowers building owners to make informed decisions about filter replacements, significantly reducing maintenance downtime and costs. By optimising maintenance efforts, the UBZ310 not only delivers financial savings but also ensures the health and comfort of building occupants. Equipped with a high-brightness LED and a sensitive lux sensor, it accurately gauges air filter cleanliness, while dual temperature probes assess cooling performance. Additionally, a leak sensor monitors the FCU tray for potential overflows. Early deployments of this 3-in-1 solution have already demonstrated impressive savings of 20% to 50%.

B. Energy Monitoring – CT Series

Energy monitoring plays a crucial role in sustainability reporting and the CT series created by Milesight redefines this process with its innovative approach. Unlike traditional systems that are invasive, costly, and require extensive cabling, the CT series offers a non-invasive, wireless solution that is both cost-efficient and easy to implement. It is also self-powered, drawing energy directly from the measured circuit, eliminating the need for batteries.

C. Occupancy & People Counting – VS Series

The VS Series is another cutting-edge solution created by Milesight. The solution leverages advanced AI algorithms to deliver highly accurate and reliable people counting and occupancy data to help businesses gain precise insights into the utilisation rate of the monitored space, enabling effective management and optimal allocation of resources.

Calvin Foo, Director of Ecosystem of UnaBiz Singapore, commented:

“UnaBiz’s new IoT solutions leverage advanced sensor technologies to transmit data through either the Sigfox 0G network or LoRaWAN, making it highly adoptable by all existing customers. These wireless battery-operated IoT devices provide building managers with the tools they need to address the growing demand for smarter, more sustainable buildings in Singapore, aligning perfectly with the nation’s vision for a greener, healthier urban environment.”

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The global IoT market is forecasted to grow, with the number of connected IoT devices projected to increase by 13% in 2024, reaching 18.8 billion by year-end, according to IoT Analytics’ latest “State of IoT Summer 2024” report.

This detailed analysis provides a market assessment and comprehensive summary of current trends and future forecasts for the global IoT landscape.

40 billion IoT devices projected by 2030: Despite ongoing challenges, including economic uncertainties, extended lead times in chipset supply, and a gradual economic recovery in China, IoT Analytics projects the market will continue its upward trajectory. The report forecasts that the number of connected IoT devices will grow to 40 billion by 2030, reflecting a measured but steady expansion.

Key Insights

The number of connected IoT devices is expected to grow 13% to 18.8 billion by the end of 2024
Over 40 billion connected IoT devices by 2030
3 technologies make up nearly 80% of the market: Wi-Fi, Bluetooth, and cellular IoT
Chipset supply to remain a constraint for years to come in the face of surging demand
The integration of AI in IoT, including generative AI and edge AI, is a key trend in 2024

Select Quotes

Satyajit Sinha, Principal Analyst at IoT Analytics, comments that “Edge AI is fundamentally transforming the IoT landscape by allowing edge IoT devices to process data locally, reducing latency and enabling real-time responses. The integration of AI technologies, including generative AI and edge AI, is a significant trend in 2024, highlighted by increased discussions among corporate leaders. With companies like NVIDIA and AMD heavily investing in edge AI, the convergence of these technologies with IoT will drive the development of more intelligent and autonomous devices, leading to broader adoption of IoT solutions across various sectors.”

Connected IoT device market update—Summer 2024

Number of connected IoT devices to grow 13% by end of 2024. According to IoT Analytics’ 171-page State of IoT Summer 2024 report, there were 16.6 billion connected IoT devices by the end of 2023 (a growth of 15% over 2022). IoT Analytics expects this to grow 13% to 18.8 billion by the end of 2024. This forecast is lower than in 2023 due to continued cautious enterprise spending as inflation and interest rates remain high—though are moderating—alongside continued chipset supply constraints and ongoing geopolitical conflicts in Eastern Europe and the Middle East. Despite the above macro factors, 51% of enterprise IoT adopters plan to increase their IoT budget in 2024 (with 22% of companies expecting a 10%+ budget increase compared to 2023).

Key executive quote on the IoT market outlook

“We expect [Qualcomm’s] IoT revenues to grow sequentially by low to mid-single digit percentage as we continue to see a gradual recovery from the macro factors impacting the industry.” – Akash Palkhiwala, CFO and COO of Qualcomm, May 1, 2024

Connected IoT devices forecast 2024–2030

40 billion IoT devices by 2030. The number of connected IoT devices is estimated to grow to 40 billion by 2030. Compared to its last IoT device market update in 2023, IoT Analytics slightly lowered its forecast for the number of IoT device connections after considering new market insights and recent market developments.

The lowered forecast is largely due to 3 reasons:

1. Economic concerns weigh heavily on investment confidence

Recent economic uncertainty likely to be felt for years. Throughout 2023 and into 2024, economic concerns remained the top topic of CEOs during earnings calls. Even if economic uncertainty fades throughout 2024, its impact on connected devices may be felt for years. End users and business confidence may take time to recover, leading to a wait-and-see approach to spending.

2. Chipset supply to remain a constraint for years to come in the face of surging demand

Chipset supply improves, but lead times remain high. Chipset supply has considerably improved in 2023 and 1H 2024, as demand has weakened in the face of a slowing economy. Despite the demand slump, current chip lead times remain elevated compared to pre-COVID-19 levels. While it is true that a lot of chip manufacturing capacity is being planned—fueled by government initiatives such as the US Chip and Science Act (2022) and the EU Chips Act (2022), it may take many years until supply matches or surpasses demand for the majority of different types of chipsets.

For example, Taiwan-based semiconductor company TSMC plans to initiate the construction of its fab in Dresden, Germany, by August 2024, and if there is no delay, the factory will be ready by 2027.

3. Chinese economic recovery taking time

A sluggish Chinese economy weighs heavily on IoT expenditures. China experienced muted economic growth in 2023, and deflationary pressures continue to exist, though they appear to be easing. The effects of this subdued growth are affecting Chinese industrial companies. At the end of June 2024, approximately 30% of Chinese industrial firms were losing money, beating the previous record set during the Asian financial crisis in 1998. Until the financial situation improves for these companies, new investments in industrial IoT are limited.

Global module inventory strategies lead to Chinese chipmaker closures. China has experienced renewed demand for cellular IoT modules (driven largely by public projects), which has helped deplete domestic module oversupply. However, much of the world is still employing low-inventory strategies to avoid or ease overstocking, and US sanctions on the import of Chinese-made chips continue. These strategies and sanctions limit the export of new IoT modules and chipsets, and just in 2023, nearly 11,000 Chinese chip and module-related companies ceased operations due to this.

Leading IoT connectivity technologies in 2023: 3 technologies make up nearly 80% of all IoT connections

Global IoT connectivity is dominated by three key technologies: Wi-Fi, Bluetooth, and cellular IoT:

1. Wi-Fi

Wi-Fi makes up 31% of all IoT connections. In 2023, 3/4th of Wi-Fi-enabled devices shipped worldwide were based on the latest Wi-Fi 6 and Wi-Fi 6E technologies, which promise faster and more reliable wireless connectivity than its predecessor, Wi-Fi 5. The adoption of these technologies has made communication between IoT devices more efficient, leading to improved user experiences and overall performance. Wi-Fi technology is leading IoT connectivity in sectors such as smart homes, buildings, and healthcare. Further, Wi-Fi 7 started to ship in 2024 and is expected to contribute to 7% of IoT-based Wi-Fi shipments.

2. Bluetooth

25% of connected IoT devices worldwide rely on Bluetooth. Bluetooth Low Energy (BLE), also known as Bluetooth Smart, has been continuously developed to allow IoT devices to maintain reliable connectivity while consuming limited power. As a result, BLE is now the preferred option for battery-powered IoT devices such as smart home sensors and asset tracking devices. Even the industrial sector is starting to show increasing interest in IO-Link Wireless technology, which is based on IEEE 802.15.1 (the technical standard for Bluetooth) and allows for wireless communication between sensors/actuators and an I/O master.

3. Cellular IoT

Cellular IoT (2G, 3G, 4G, 5G, LTE-M, and NB-IoT) now makes up nearly 21% of global IoT connections. According to IoT Analytics’ Global Cellular IoT Connectivity Tracker & Forecast (updated June 2024), global cellular IoT connections grew 24% YoY in 2023, strongly surpassing the growth rate for global IoT connections. This growth is due to the adoption of newer technologies such as LTE-M, NB-IoT, LTE-Cat 1, and LTE Cat 1 bis, as older technologies such as 2G and 3G are phased out.

Furthermore, 2024 marked the introduction of 5G RedCap technology. Unlike time-critical applications demanding stringent latency, RedCap-enabled IoT devices prioritize affordability and reduced complexity. With download speeds up to 150 Mbps, upload speeds of 50 Mbps, and latency under 100 ms, RedCap is propelling growth in consumer, enterprise, and industrial IoT devices. Notably, its suitability for high-quality video transmission is driving its adoption in video surveillance, offering a cost-effective alternative to standard 5G.

Wired IoT in 2023: 0.7 billion aggregation node connections vs. 23 billion end node connections

There were 0.7 billion wired IoT aggregation nodes in 2023 but many more end nodes. Of the 16.6 billion IoT connections in 2023, 0.7 billion were wired IoT aggregation nodes—i.e., primary standalone devices that serve as central data transmission points, such as gateways, PLCs, IPCs, I/O-primaries, and routers—equaling 4% of the total IoT connections (see the main graph of this article). The remaining 15.9 billion connections were wireless IoT aggregation nodes and wireless IoT end nodes (i.e., wireless IoT devices with sensor capabilities relying on aggregation nodes for internet connectivity).

However, the number of wired IoT aggregation nodes only tells part of the story about global wired IoT connections. When going beyond just wired IoT aggregation nodes and looking at the wired IoT connection market in its totality—i.e., including wired IoT end nodes—IoT Analytics’ research found 23.4 billion wired IoT end nodes globally in 2023 (Note: the lead chart of this article does not consider wired IoT end nodes).

The average aggregation node has 33 wired IoT end nodes. The ratio of wired IoT end nodes to aggregation nodes is projected to increase from 33 in 2023 to over 40 by 2030, fueled by both industrial and consumer IoT growth. Common examples of wired IoT end nodes include industrial field instruments, security cameras, smoke detectors, wired point-of-sale systems, and medical equipment. In a factory setting, this ratio can surpass 1:100; in other settings, e.g., in homes, it is often much lower.

Other State of IoT Summer 2024 research highlights

The report highlights a number of current developments in the IoT market. Here are 3 developments discussed in more depth in the report.

1. AI, including generative AI, AI + IoT, and edge AI

1. AI is at the forefront of corporate executives’ minds. The integration of AI in IoT, including generative AI (GenAI) and edge AI, is one of the key trends in 2024. CEOs discussed AI more than any other technology topic in earnings calls since Q1 2023, reaching 34% of calls in Q2 2024. The GenAI market went from nearly nothing to a hot market within a year.

2. Gen AI is entering the manufacturing domain. One of the key examples of this was the launch of Siemens Industrial Copilot.

3. Heavy investments into edge AI. Edge AI has emerged as a key theme in 2024. Edge AI is pivotal in enhancing safety, accuracy, and efficiency in IoT applications. US-based semiconductor manufacturers NVIDIA and AMD stand out as companies that play a crucial role in driving the adoption and implementation of edge AI technologies across various sectors.

“We stand on the brink of an era where edge AI will reshape our world in a profound way.” – Salil Raje, SVP of adaptive and embedded computing at AMD

2. Security

1. IoT malware attacks are on the rise. According to a 2023 ThreatLabz report, there was 400% growth in IoT-targeted cyber attacks over 2022. Manufacturing has been the sector most targeted for IoT attacks, with 54.4% of reported attacks.

2. Governments establish IoT security standards. To address the growing threat of cyber attacks against the rising number of IoT devices, country and regional governments are enacting legislation and programs aimed at stricter security. Earlier this year, the UK became the first country to mandate IoT cybersecurity standards, and the EU requires products sold in the EU to meet minimum standards. Additionally, the US has established a voluntary labeling program for wireless consumer IoT products.

3. Two cybersecurity approaches coming up. Two technology approaches, post-quantum cryptography (PQC) and zero trust security, also help address IoT security. PQC addresses the potential risk that the rise of AI presents—the ability to intelligently and quickly crack security algorithms. Zero Trust represents a security paradigm shift, whereby the security architecture focuses on securing every access request as though it originates from an open network, emphasizing the verification of every user and device. The strategy includes strong authentication mechanisms, micro-segmentation of networks, and continuous monitoring to detect and respond to threats.

“AI will make it so much easier to crack weak implementations of algorithms that there will be no other choice than to use secure elements or secure MCUs to run cryptographic algorithms and to use strong software implementations of these algorithms.” – Ellen Boehm, EVP of IoT strategy and operations at Keyfactor

3. Sustainability

1. Sustainability is a key driver for IoT initiatives. While reviewing the top IoT stories in 2023, IoT Analytics noted that sustainability and ESG were the most accelerated drivers for IoT initiatives that year. Driving this acceleration then and now are climate and sustainability laws enacted by country and regional governments, such as the UK’s Sustainability Disclosure Standards, India’s Green Credit Rules, and the EU’s Renewable Energy Directive, to name a few. These laws appear to be affecting corporate thinking: between Q2 2019 and Q2 2024, boardroom discussions about sustainability rose from 9.4% of earnings calls to 23.6%.

2. IoT plays a key role in streamlined, automated sustainability reporting. With these and forthcoming corporate sustainability regulations coming into effect throughout the world soon, Companies are increasingly looking at sustainability data management solutions and IoT to streamline and automate their sustainability data management and reporting needs. IoT-based sensors, such as energy meters, water quality sensors, and air pollution monitors, are important technological building blocks for automating reporting. For example, energy meters can track and report real-time electricity usage, helping companies monitor and optimize their energy consumption, while water quality sensors measure parameters like pH, temperature, and turbidity, ensuring that water usage and disposal meet environmental standards.

“Combating climate change is the biggest task of our age. People are therefore right to expect companies to provide technical solutions to these issues.” – Stefan Hartung, CEO of Bosch

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In a move that significantly expands its capabilities in the IoT space, Trasna Holdings, specialising in IoT communications, has acquired Workz, a pioneer in cloud-based eSIM solutions.

The acquisition positions Trasna as one of the leading providers of current and future mobile IoT technologies such as SIM, eSIM and SoC.

Trasna, headquartered in Ireland and possessing operations across Europe, provides semiconductor capabilities and related system-on-chip (SoC) solutions. The integration of Dubai-based Workz adds expertise in eSIM and SIM hardware and software, including over-the-air services, manufacturing, and data management. In 2021, Workz established itself at the forefront of eSIM technology by becoming the first to launch a certified cloud-based eSIM management service. The platform currently hosts over 150 network operators worldwide and was, last year, heralded by Counterpoint Research as an important innovation for the industry.

The acquisition comes at a pivotal time in the cellular IoT market as the industry transitions from traditional SIM cards to eSIM (embedded SIM) and emerging System-on-Chip (SoC) technologies such as iSIM (integrated SIM). Demand for next-generation SIM solutions by telcos, device manufacturers and IoT providers is steadily growing with the advent of new technologies such as IoT and 5G. According to Counterpoint Research, over 9 billion devices with embedded or integrated SIM technology are expected to be shipped by 2030. The newly strengthened entity is designed to capitalise on this market opportunity.

Trasna CEO Stephane Fund said:

“I am delighted to have Workz as part of the Trasna group. It has an excellent reputation in the market for innovation and agility, qualities we have experienced first-hand, having worked with them as a partner for many years. I see Workz and Trasna as a perfect fit that significantly strengthens the value of our IoT offering. The creation of a full end-to-end supply chain propels us to our goal of market leader in the mobile IoT market which makes for an exciting future for us and our customers.”

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According to a new research report from Berg Insight, the installed base of connected digital signage displays reached 91.5 million in 2023.

Growing at a compound annual growth rate (CAGR) of 10.3 percent, the installed base of connected displays is expected to reach 149.4 million units in 2028.

Market growth is driven by greater demand for digital signage solutions in all market verticals, technological advancements and a continued decline in prices. Shipments to the EU27+3 countries totalled an estimated 4.6 million units in 2023, whereas shipments to North America reached 5.8 million units. The Rest of World market accounted for the remaining 10.9 million units. Berg Insight forecasts that global shipments of display screens for digital signage will grow from 21.2 million units in 2023 to reach 36.6 million units by 2028.

The digital signage industry is highly fragmented with a large number of companies active in the market. Similar to other fragmented markets, consolidation is increasingly taking place among the industry vendors as the market matures.

“M&A activity cooled off during the Covid-19 pandemic but has now regained momentum”, said Felix Linderum, IoT Analyst at Berg Insight.

Many of the transactions are expected to take place among software vendors, end-to-end solution providers and system integrators.

“Many of the leading players in these domains have outspoken strategies of inorganic growth and seek to expand their geographical footprint, installed base and technological know-how”, continued Mr. Linderum.

Companies that have been leading the consolidation trend include STRATACACHE, ZetaDisplay, Vertiseit, Spectrio, Poppulo and Uniguest. One of the most eye-catching deals recently was the agreement between NEC and Sharp to create the joint venture Sharp NEC Display Solutions in 2020. While the consolidation trend is evident, there is also a steady inflow of new players including start-ups eyeing the digital signage industry.

Mr. Linderum concluded:

“As digital signage projects are becoming more advanced and increasingly business-critical in their nature, smaller players are expected to find it challenging to compete, ultimately resulting in the industry being dominated by a few major vendors.”

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MachineQ, a Comcast Company, today announced the launch of an IoT-based power monitoring solution designed to assist enterprises in monitoring and managing their energy consumption, leading to operational efficiencies, proactive maintenance, managed costs, and sustainability efforts.

The solution also helps enterprises understand asset utilization, providing actionable data to optimize asset use.

The power monitoring solution is particularly relevant for high-energy consumers, such as food service companies, laboratories, and hotels, which consume more energy than typical commercial buildings due to their energy-intensive equipment and asset-intensive operations. For example, according to a recent Energy Star report, fast food restaurants and convenience stores consume nearly 900 BTU of energy per square foot of space. This is about 2.5x more energy than in any other commercial building.

“We’ve seen increased demand from current and prospective customers seeking ways to understand power consumption and obtain executable data to help them reduce energy utilization,” said Bryan Witkowski, Head of Product & Strategy, MachineQ.

“This solution offers customers flexible options to help not only monitor but also help manage their energy usage. Plus, with many companies focused on sustainability initiatives, this solution can help play a vital role towards measuring and achieving those efforts.”

One industry where sustainability efforts are top of mind is life sciences, where pharmaceutical companies have asset-heavy, power-intensive lab operations. A power monitoring solution can provide lab managers with valuable insights by tracking the energy consumption of equipment, such as centrifuges, and correlating that data to its frequent or infrequent use. Linking consumption and utilization data can help identify opportunities to reduce energy (e.g., turn it off when not in use), aid sustainability efforts, and help determine whether to reallocate the asset to another location, decommission it, or make better purchasing decisions.

Additionally, the solution can help aid in predictive maintenance for critical equipment, such as an ultra-low temperature freezer. By detecting anomalies in power consumption, which often indicate equipment issues, lab managers can proactively service or replace units before they fail. For instance, if a freezer starts using more energy to maintain its set point temperature, this could signal the need for maintenance or indicate that the unit is nearing the end of its life.

MachineQ’s solution offers various ways to monitor power consumption accurately using IoT sensor devices that can extract data at the receptacle, equipment, or breaker level. The MQpower CT is a wireless, self-powered current transformer that can be clamped to electrical conductors at the breaker or asset level to measure real-time current consumption in a simple, non-invasive way.

The MQpower SP is a smart plug load device that enables businesses to plug in equipment and assets to extrapolate energy data, including daily energy usage, instantaneous current, voltage, active power, and power factor. It supports a variety of plug types, including US (type B), UK (type G), EU (type F), and FR (type E). The MQpower SP and MQpower CT both support regional LoRaWAN® frequencies globally.

The power monitoring solution complements smart metering capabilities by providing a holistic view of energy consumption and actionable insights to monitor, control, and manage consumption more intelligently. Plus, like all MachineQ solutions, these use cases run on the same scalable network infrastructure, helping customers to lower the total cost of ownership of their IoT investment over time.

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The programme illustrates Yorkshire Water’s commitment to protecting and preserving water resources and further solidifies Netmore’s position as a leading LoRaWAN network provider and advanced metering infrastructure expert.

Netmore Group, a leading global LoRaWAN network operator, and Yorkshire Water today announced that Netmore has been selected as the lead partner to exchange 1.3 million water meters across the Yorkshire region, subject to Ofwat’s final determination, due in December 2024.

Aligned with Yorkshire Water’s strategy and as laid out in the Water Resources Management Plan 24 and the Price Review 24, this program is being implemented to exchange existing meters that are reaching the end of their operational life with an Advanced Metering Infrastructure (AMI) designed to provide service improvements, enhanced customer support, and usage efficiencies. The contract will be for an initial term of 5 years, plus data services for the meters installed up to 2045.

Under the terms of the award, Netmore will lead a group of suppliers to deliver the end-to-end service, including the delivery, installation, commissioning, and maintenance of connected smart meters. Meters will be connected to Netmore’s LoRaWAN network for the delivery of Data-as-a-Service to Yorkshire Water. Netmore will also deploy and densify network coverage in the region directly and with partners to satisfy service levels required for Yorkshire Water to achieve targeted service improvements.

This new program will run concurrently with smart meter deployments that began in 2022 when Netmore was awarded AMI frameworks by Yorkshire Water for the delivery of LoRaWAN network services and provisioning of meters for up to 360k households, including new developments and Domestic Metered Optants.

Ove Anebygd, CEO, Netmore Group, says:

“This deal is an exciting new milestone for Netmore as we continue to expand our water utility initiatives across Europe and at a time when utilities and municipalities around the world are migrating to sensor-based solutions capable of providing new and valuable datasets for measuring and conserving water for their customers and to address environmental concerns.”

“We are once again very proud that Yorkshire Water, one of UK’s leading water utilities, has trusted Netmore to lead their AMI initiatives.”

Adam Smith, Manager of Smart Networks and Metering Transformation, YWS, says:

“The initial smart metering program with Netmore launched in 2022 has helped Yorkshire Water deliver the first 500,000 litres of leakage reduction, by identifying water leakage on customers pipes. It has also helped us to better understand water demand patterns in our initial 25,000 Netmore smart meters and target water efficiency activity, all while delivering both operational value and the long-term perspective needed for the expansion of our AMI initiatives. Following a rigorous evaluation process and procurement analysis, we are confident in the choice of Netmore and its partners for our meter exchange program, as they collectively have the ability to help us deliver our ambitious goals and success criteria related to leakage, water efficiency, customer experience, and operational carbon emissions.”

Data driven insights to protect water resources and enhance customer experience

Executing against a vision and plan with equal importance on customers and the environment, Yorkshire Water’s smart metering program is targeting service improvements in the following areas:

Water Leakage: Yorkshire Water has a goal of reducing leakage by 50%, by 2050 against a 2020 baseline. Identifying which properties have continuous flow and therefore are likely to have leakage or plumbing loss, allows for better leakage targeting and faster resolution of consumption anomalies.
Reduction in Per Capita Consumption: By working alongside customers to better understand water use, Yorkshire Water’s smart metering program is contributing toward achieving a Per Capita Consumption (PCC) goal of 110 liters per person, per day by 2050, against a 2020 baseline.
Customer Experience: Smart metering provides greater insight into customer water use, streamlines move-in and move-out processes, and helps ensure all customers are on the best tariff available to them, enhancing the ability to provide more regular and accurate water billing.
Non-Household Demand Reduction: Yorkshire Water is targeting a 15% reduction of non-household water demand by 2050 against a 2020 baseline by proactively working with customers to identify opportunities to reduce water demand and water waste.

By undertaking the meter exchange program and converting to smart metering, Yorkshire Water can also ensure the security of its water supply is more robust, reduce the amount of chemicals used in water treatment, and reduce carbon emissions in both the treatment and distribution of water.

“Since the inception of Netmore’s LoRaWAN network in the UK, we have worked diligently to establish strong customer relationships that are meaningful and impactful to the local community and environment. We are honoured to have been selected by Yorkshire Water and are committed meeting the strict requirements to deliver smart metering data that will improve their operational performance, deliver better environmental outcomes, and support regulatory compliance”, says Vadim Lyu, Managing Director UK, Netmore Group

Morrison Water Services, under contract with Netmore, will plan, schedule and work with household and non-household customers to deliver the exchange of the meter and ensure the highest level of customer satisfaction is achieved. Itron and Diehl Metering have been selected as meter providers for this programme. The meter exchange program is subject to the Ofwat final determination for AMP8. More details will be released after final determination; however, the program is expected to begin in South Yorkshire in 2025.

The post Yorkshire Water Selects Netmore to Exchange 1.3 Million Meters in Tender for One of Europe’s Largest LoRaWAN Water Metering Projects appeared first on IoT Business News.

Multifunction printers (MFPs) are essential tools in modern offices. They can print, scan, copy, and fax all in one device, helping you save time and resources. But to truly benefit from these machines, it’s crucial to know how to use them efficiently. A well-optimized MFP can streamline your workflow, reduce costs, and boost productivity in the workplace.

Imagine having fewer interruptions, faster task completion, and more secure document handling—all thanks to your MFP. This article will discuss various strategies to maximize efficiency with a multifunction printer, making them an even more valuable asset in your office.

Streamlining Document Management

Document management can be a daunting task, but these machines make it easier. Use digital filing systems to organize scanned documents. Store them in the cloud for easy access. Tag files with keywords for quick searching later. These devices do it all, and more. It reduces time spent looking for papers and makes sharing documents with colleagues faster.

Reducing Paper Waste with Duplex Printing

Printing on both sides of the paper, also known as duplex printing, is a simple way to cut down on paper usage. It doesn’t just save paper but also reduces the physical space needed for storage. Encourage the office to use duplex printing by setting it as the default on all devices. Over time, you’ll notice less clutter and lower costs.

Enhancing Workflow with Integrated Scanning Solutions

Integrated scanning allows for quick digitization of documents. Scanned files can be sent directly to email, cloud storage, or even specific software programs. This seamless process eliminates the need for manual transfers, making document handling faster. It’s a small change that makes a big difference in daily operations.

Optimizing Print Speed and Output Quality

Adjust your MFP settings to match your specific needs. For large documents, set the device to high-speed mode. For presentations or important client documents, switch to high-quality mode. Knowing when to use each setting ensures you’re not wasting time or resources on unnecessary quality or speed.

Improving Collaboration through Cloud Printing

Cloud printing is a game-changer for team collaboration. Employees can send documents to the MFP from anywhere, even when they’re not in the office. This feature supports remote work, allowing team members to print from home and pick up documents at the office. It keeps projects moving smoothly, no matter where your team is located.

Utilizing Mobile Print Capabilities for Remote Work

Mobile printing is perfect for a mobile workforce. With apps and mobile connectivity, staff can print directly from their smartphones or tablets. It’s convenient for those who are constantly on the move. You’ll find it especially useful during meetings or conferences where quick printouts are needed.

Automating Routine Tasks with Advanced Features

Take advantage of your MFP’s advanced features to automate repetitive tasks. Set up automatic scanning, emailing, and even file naming conventions. Some devices allow for the creation of custom workflows that can be triggered with a single button press. Automation saves time and reduces the chance of errors in document handling.

Reducing Downtime with Reliable Maintenance Tools

These machines often come with built-in diagnostic tools. Use these to monitor the device’s health. Regular maintenance, like cleaning print heads or updating software, prevents unexpected breakdowns. Staying ahead of potential issues ensures your MFP is always ready to perform when needed, reducing downtime and keeping productivity high.

Managing Costs through Smart Print Tracking

Monitor your print usage with the device’s tracking tools. These provide insights into how much paper and ink are being used, and by whom. With this data, you can identify areas where you can cut costs, such as reducing color prints or limiting large print jobs. Cost management becomes simpler when you know where your resources are going.

Securing Sensitive Information with Built-In Security Features

Protecting sensitive information is crucial in any office. Multifunction printers come with various security features, like password protection for print jobs or encrypted scanning. These tools ensure that only authorized personnel can access or print certain documents. Keeping your data secure is essential for maintaining trust and compliance with privacy regulations.

Integrating Multifunction Printers with the Internet of Things (IoT)

The rise of the Internet of Things (IoT) presents a significant opportunity to further enhance the efficiency and capabilities of multifunction printers (MFPs) in the office environment. By integrating MFPs with IoT networks, organizations can automate routine tasks, monitor device performance in real-time, and enable seamless connectivity across various devices and platforms. For instance, IoT-enabled MFPs can automatically reorder supplies when running low, reducing downtime and ensuring continuous productivity.

Moreover, these printers can communicate with other smart devices in the office, such as projectors and tablets, to create a more connected and efficient workspace. This integration not only improves workflow but also enhances security by allowing for more precise control over document access and printing permissions. As businesses continue to adopt IoT solutions, MFPs will play a crucial role in creating smart, responsive office environments.

Key Considerations When Choosing a Device for Your Office

When selecting an MFP, consider your office’s specific needs. Think about print volume, required features, and budget. Also, consider the size of the device and whether it fits in your office space.

Look for a machine that balances cost with functionality. Choose one that supports your workflow without unnecessary extras. The right one will be a long-term asset to your office, improving productivity while keeping costs manageable.

Maximizing efficiency with a multifunction printer is about smart usage and thoughtful settings. By streamlining document management, reducing paper waste, and using advanced features, you can significantly boost office productivity. Consider your office’s unique needs when selecting a machine, and make full use of its capabilities.

The post Maximizing Efficiency with Multifunction Printers in the Office appeared first on IoT Business News.