Digital Lifescapes

The Internet of Things (IoT) continues to expand. According to the latest worldwide market study by Juniper Research, they forecast a 90 percent growth in cellular IoT devices by 2028, with the global number reaching 6.5 billion. This exponential rise presents both exciting opportunities and significant challenges. While the growth of cellular IoT unlocks a vast potential for innovation in smart cities, industrial automation, and remote monitoring, it also requires device management and security advancements. Cellular IoT Market Development Juniper's research highlights the critical role of intelligent infrastructure management solutions. These platforms will empower the users to automate critical tasks such as device configuration, real-time security management, and optimized wireless connectivity. The surge in cellular data usage, projected to reach 46 petabytes by 2028 compared to 21 petabytes today, further underscores the need for automation. This is where federated learning i...

As new devices increasingly connect to the cloud for centralized storage, data analytics, real-time monitoring, and updates, we must ask: Are we prepared for the security implications of this brave new world? The number of Internet of Things (IoT) end-user devices and IoT edge nodes such as home appliances, personal wearables, industrial robots, and even connected drones is quickly increasing. ABI Research forecasts that by 2026, the installed base of connected devices will reach more than 70 billion installations, creating an expansive IoT attack vector in the IoT applications environment. IoT Security Market Development Most of these devices are low-power, storage limited, and with weak computational power, which means these devices are increasingly connecting to the cloud environment for centralized storage, data analytics, real-time monitoring, remote access, and updates in firmware and software. Connecting to the cloud environment creates yet another compromise vector for these de...

The quest for digital transformation is bringing both enormous opportunities and challenges for industrial organizations. As more processes embrace connectivity through initiatives like Industry 4.0, they are also being exposed to growing cybersecurity threats. This is prompting executives and industrial stakeholders across manufacturing, energy, mining, utilities, and other business sectors to re-evaluate how they secure critical infrastructure operations.  According to the latest worldwide study by Juniper Research, the market for industrial endpoint cybersecurity solutions is poised for massive growth in the coming years. Endpoint Cybersecurity Market Development Endpoint security refers to the processes used to monitor, manage and secure the various connected devices like PLCs, HMIs, engineering workstations, and more found within industrial facilities. Juniper analysts forecast that 210 million industrial endpoints will be utilizing endpoint cybersecurity services by 2028. Thi...

Healthcare sector innovation tends to progress at a slow pace, due to a number of historical factors that inhibit agility. For example, the Smart Home healthcare market continues to grow and evolve, but the scale of the opportunity remains under-penetrated. Last year, new smart home healthcare shipment and service revenues grew 25 percent to reach $22.9 billion worldwide, but that growth rate may be hard to sustain, despite the potential for further growth. According to the latest worldwide market study by ABI Research, new smart home healthcare shipment and service revenues will reach $26.5 billion in 2023 -- that's up by 15 percent from 2022. Smart Home Healthcare Market Development Smart home healthcare, encompassing connected home care, remote patient monitoring, and social robotics, can improve the health and care of the most vulnerable while reducing staffing and other costs. It also represents an opportunity for a host of players from smart home vendors and beyond to extend ...

Real-Time Location Systems (RTLS) are underutilized in many factories, warehouses, hospitals, and smart offices. Moreover, the typical systems offered by IT solution providers leverage standalone software deployments with proprietary hardware. However, IT hardware costs will drop as more customers abandon proprietary systems to reduce vendor lock-in, increase application interoperability, and reduce the initial deployment costs, according to the latest market study by ABI Research. As a result, the sector will diversify and complement hardware sales by monetizing deployments through service models augmented by additional software features -- such as analytics and device management. Real-Time Location Systems Market Development According to the latest ABI Research market forecast, RTLS service revenue will be worth $3.7 billion in 2022 and will rise to $24.9 billion by 2030, at a compounded annual growth rate (CAGR) of 26.8 percent. "As RTLS hardware, such as tags and anchors, beco...

Clinical-grade remote patient monitoring (RPM) is a solution that involves the secure transmission of medical data collected on devices, via telecommunications services. It's enabled through text, sound, images or other digital media used for the prevention, diagnosis, treatment and follow-up of healthcare patients. The applications of emerging technologies such as the Internet of Medical Things (IoMT), Artificial Intelligence (AI), and Big Data analytics are enabling vendors to develop new use cases for remote patient monitoring. Remote Patient Monitoring Market Development In recent years, venture capitalists have increasingly invested in start-ups with competencies in these areas, especially integrated and lower-cost monitors and sensors. With this development, RPM will help to shift some healthcare services from the hospital to the home. According to the latest market study by Frost & Sullivan, RPM is forecast to become a mainstream medical service, with related rev...

The Juniper Research digital healthcare ecosystem model highlights the flow of products and services from service providers to their patients and the flow of influence from the patients. The dynamics of the ecosystem are changing with patients having more influence on how they are treated and providing information back to developers, vendors and healthcare service providers. Digital Healthcare Market Development New findings from Juniper Research reveal that wearables, including health trackers and remote patient monitoring devices, are set to become ‘must haves’ in delivering healthcare, with $20 billion forecast to be spent annually on these devices by 2023. Meanwhile, assistive hearables, or connected hearing aids made available via healthcare providers, as well as directly to customers at varying price models, will mean this sector generates revenues of over $40 billion by 2022. Their latest market study found that adoption of healthcare wearables will be driven by improv...

The aging population within many nations has huge implications for healthcare providers, as costs continue to rise and qualified staff remain in short supply. Technology can help to increase productivity and improve the quality of services. Moreover, mobile communications, the public internet and software are all likely to have a positive impact on remote monitoring applications. The connected hospital patient monitoring equipment market consisting primarily of blood pressure monitors, pulse oximeters, and electrocardiogram monitors is set to grow at a 21.1 percent CAGR between 2014 and 2020, according to the latest market study by ABI Research. This increase is driven largely by government regulations and increasing demand in developed markets from a wider hospital patient population. These connected devices not only improve the reliability of patient monitoring but also improve caregiver workflow automation through integration with patient electronic health records. "The...

Measuring the performance and resulting impact of a marketing organization has always been difficult -- particularly where the primary metrics tend to be quantitative, and few are qualitative. Today, most marketers would like to demonstrate meaningful online influence as their key performance indicator (KPI). But when capturing that metric proves to be elusive, they attempt to refocus their monitoring efforts on target stakeholder engagement. By far, the more common outcome that's reported, however, tends to be counting activity-oriented or event-oriented metrics (clicks, impressions, etc.). eMarketer reports that companies now realize that amassing fans and followers is not the ultimate goal of social media marketing. Yet the challenge remains -- how to measure marketing success that a chief executive would gladly reward. Data from the August 2011 Chief Marketer “2011 Social Marketing Survey” found that only 26 percent of marketing professionals saw amassing total follow...