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Showing posts with the label Asset Tracking

Satellite IoT Poised for Explosive Growth

The Internet of Things (IoT) is transforming industries by enabling vast networks of devices to collect and share data. This data empowers businesses to optimize operations, gain deeper insights into customers, plus develop new products and services. However, a significant hurdle to IoT adoption lies in the limitations of terrestrial networks. Cellular and Wi-Fi connectivity often falter in remote locations, hindering the potential of IoT in these areas. This is where satellite IoT steps in, offering a compelling solution for connecting devices in geographically isolated or underserved regions. Satellite IoT Market Development According to the latest worldwide market study by ABI Research, the Satellite IoT market is expected to reach a value of $4 billion by 2030. This forecast growth surge is driven by: Reduced Launch Costs: The space industry is witnessing a dramatic decrease in launch costs due to advancements in reusable rockets and launcher technologies. This makes it more cost-e...

Global Asset Tracking Spending to Reach $45 Billion

Commercial fleet vehicles are the driving force behind commerce and public mobility. Fleet managers have the important role of organizing and overseeing vehicles for performance, maintenance, and tracking purposes. Telematics solutions collect, store, and analyze data that can be sent to fleet managers. This data helps fleet owners and managers evaluate vehicle maintenance, driver operation, and cargo management. Today's Internet of Things (IoT) technology is transforming fleet management with the ability to connect vehicles and capture a wide range of data about vehicle performance, route, passengers, and cargo. IoT Asset Tracking Market Development According to the latest worldwide market study by Juniper Research , global spending on asset tracking by enterprises will increase from $16 billion in 2022 to reach $45 billion in 2027 -- that's a substantial growth rate of 184 percent. The management and security of high-value assets are becoming of increasingly significant impor...