Across the globe, wireless technology vendors and telecom service providers are assisting companies in the healthcare sector to develop new telecare system applications. The huge amounts of data that's being created has fueled demand for cloud-based storage solutions. It's all part of the growing Internet of Things (IoT) ecosystem that's growing rapidly during 2016 to support these trends. The number of people monitored using mobile telecare systems in Europe and North America was about 450,000 at the end of 2015, according to the latest worldwide market study by Berg Insight. Growing at a compound annual growth rate (CAGR) of 40 percent, this number is expected to reach almost 3.4 million by 2021. There are several types of monitoring systems that can help elderly and people with cognitive disabilities to live independently in their homes for as long as possible. These assistance systems are usually called telecare systems, telecare alarms or social alarms in Europe ...
TMT Market Research and Analysis