Eight in ten payment terminals across the world now accept contactless payments

More than eight in ten payment terminals worldwide now accept contactless payments (82%) as the number of outlets accepting card payments globally grew by 2% in 2021 to reach 88m and the number of eftpos terminals increased by 5% to reach 134, research by RBR shows.

The firm’s ‘Global Payment Cards Data and Forecasts to 2027’ report identifies the Covid-19 pandemic together with government mandates and incentives such as tax breaks as key drivers for this growth, and predicts that the number of eftpos terminals will continue to rise, reaching a global total of 165m across 109m outlets by 2027.

In some countries, card acceptance is expanding rapidly but this is not translating into surges in card expenditure due to competition from alternative cashless payment methods.

OffGrid Launches Innovative Faraday Wallet

The OffGrid Switch Faraday Wallet transforms an everyday wallet into a high-security mobile phone case as soon as you insert your device. The wallet's hidden pocket cuts the phone off from all cell, Bluetooth, GPS, and Wi-Fi signals and places it in an electronic stealth mode. It will now be impossible to hack the device, track its location, or identify its owner.

A Faraday wallet is a type of Faraday cage. When you insert the device, it'll be surrounded by a mesh of conducting materials. If an incoming electronic field touches the cage, it will interact with this material, scrambling the field to disrupt its intent.

All panels are metal lined providing RFID protection commonly found in most wallets, but simply flip the wallet open and slide a phone in for full shielding.

This wallet is also made from premium, rugged, weather-resistant polyester and has an attractive design. It features an additional quick-access card holder for your most frequently accessed ID, debit, or credit card.

The OffGrid Switch Faraday Wallet is now available for a limited time.

ASSA ABLOY acquires Janam Technologies in the US

ASSA ABLOY has acquired Janam, a provider of handheld mobile computers and readers, based in the US. This acquisition enhances HID's event access portfolio to now also include handheld readers for scanning tickets using barcode and RFID technology, including NFC.

Janam is a strategic technological addition to the ASSA ABLOY Group and reinforces the current RFID offering.

Janam was founded in 2006 and has some 20 employees. Based in New York, it will be part of HID's Identification Technologies Business Area.

Sales in 2021 amounted to about MUSD 21 (approx. MSEK 200) with a good EBIT margin and the acquisition will be accretive to EPS from start.

TEKLYNX Named a Top Software & Technology Provider

TEKLYNX International, known for helping companies barcode better with their barcode labeling software solutions and industry-leading customer support, announced being named one of the winners of Food Logistics’ 2022 Top Software & Technology Providers award, which honors software and technology providers that ensure a safe, efficient, and reliable global cold food and beverage supply chain.

This year’s winners are investing in and implementing emerging technologies; and today’s software and technology offerings provide flexibility, efficiency, safety, visibility, and more, and offer end-to-end food safety management, from farm to fork, and beyond.

For over 30 years, TEKLYNX has helped food and beverage companies create efficiencies in labeling operations and comply with an evolving list of label requirements and regulations, including nutrition labeling, allergen labeling, Produce Traceability Initiative (PTI) labeling, and Food Safety Modernization Safety Act (FSMA) compliance.

RFID Market is Anticipated to reach $ 36 billion by 2030

The RFID market is expected to cross US$ 13.50 billion in 2022 and is projected to hit US$ 36 billion by 2030, recording a CAGR of 12% during the forecast period.

The emergence of smart-sensing RFID solutions is expected to have a snowballing impact of RFID market. Development of smart-sensing RFID would bring IoT to modern warehouse. In new solutions, sensors will permit the system to track temperature and different factors which could influence the supply chain operations. Therefore, development of advanced RFID solutions would create lucrative business opportunities for RFID market players. Moreover, with rising applications of RFID such as inventory control, vehicle tracking, and inventory management, the scope of using RFID tags is getting broaden which in turn is fueling the RFID market.

The RFID market has undergone several significant developments. In September 2022, Avery Dennison Label & Packaging Materials has showcased RFID/intelligent labeling capabilities. As the demand for RFID in labeling industry is gaining momentum, the company is seeking forward to introduce intelligent label solutions.

In August 2022, the leading automation provider in Medication Intelligence named Kit Check has declared about incorporation of RFID technology in new KinetiX Propofol syringes. These syringes are developed by a pharmaceutical company Genixus. As Propofol is one of a commonly used products in health and hospitals systems, Kit Check is focusing on changing acute and critical care medicines.

Pi Pico QR Display Hands Out WiFi Info

Nowadays you can store your wireless network’s credentials in a QR code, so that anyone who wants to connect with their smartphone need only scan the 2D barcode. Whether you print it out on paper, extrude it out of plastic, or paint the thing on the wall, it still works the same.

But what if you want to change up the encryption key every so often? Sure would be a hassle to have to repaint the wall. Enter this interesting project from Predrag Mijatovic, which uses a few scripts to automatically set up a new encrypted guest WiFi network and present the appropriate QR code on an OLED display attached to a Raspberry Pi Pico.

NOVELDA Previews Ultra-Wideband Radar Sensor

NOVELDA will give a preview of the people positioning and people tracking capabilities of its UWB radar sensors at CES 2023. An innovator in solutions for the audio video market has recently embedded NOVELDA's next-generation UWB radar sensor in its smart speakers, debuting at CES. NOVELDA's technology directs high-quality sound to wherever you are in the room.

NOVELDA UWB radar sensor development kits will be available by Q1 2023 for select companies and partners. Further development of the technology will enable object tracking, people counting, battery powered presence and much more.

Editorial Note: NOVELDA will give a preview of the NOVELDA UWB radar sensor for people positioning at CES 2023, Las Vegas, Nevada, from January 5-6. Please meet us at our Mirage Hotel suite.

NOVELDA is gaining substantial commercial traction with its NOVELDA UWB Occupancy Sensor for light control and NOVELDA UWB Proximity Sensor for LCD screens and hygiene products. Both will be ready to order in Q1 2023 and will also be demonstrated at CES. NOVELDA further announces an innovative, global company for professional lighting systems in commercial buildings as a customer of its NOVELDA UWB Occupancy Sensor and a European green tech company as a customer of its NOVELDA UWB Proximity sensor.

Newly patented vulcanizable RFID labels quickly enable the next generation Industry 4.0 wireless identification of tires

FineLine Technologies, a provider of variable data tags and labels for tire and rubber manufacturing, automotive, healthcare, and retail industries, announced that the United States Patent and Trademark Office has granted the company a new patent, Patent No. 11,263,509, which is focused on tracking and tracing of rubber products pre- and post-curing.

FineLine RFID pre-cure and post-cure labels are the result of the company’s ongoing investment in R&D, and part of a growing patent portfolio, including but not limited to Patents 10,621,485 and 11,010,654.

Using FineLine’s tire tagging expertise and decades of manufacturing experience, tire manufacturers can quickly upgrade their tire identification technology to RFID while maintaining backwards compatibility with established design and manufacturing processes.

Almost every tire manufactured today uses a barcode label, typically applied on the green tire at the building machine, with many of these pre-cure labels manufactured and supplied by Data2, a division of FineLine Technologies. The proven construction, quality, and performance are all now available in a combined barcode and RFID pre- and post-cure selection of FineLine identification products for Passenger Car (PCT), Truck and Bus Radial (TBR), Off the Road (OTR) as well as other types of tires. Using FineLine RFID products, tire manufacturers can very quickly migrate to RFID to meet OEM use case requirements, e.g., conformance, as well as a wide range of internal manufacturing, logistics, and quality use cases.

New RAIN RFID Loop Tag for Jewelers

SimplyRFiD's JT jewelry loop tag has been the standard for two years. The new JT-S loop jewelry RAIN RFID tag is 50% lower in price and 20% better performance using the latest NXP uCode9 chips. The JT-S is available for pre-order at 15c each for 1,000 pre-programmed (vs. 40c for the JT).

A loop price tag is a common look for jewelry using barcode price tags. The JT-S Loop RFID jewelry tag (available: January 2023/pre-order now) is designed to be a replacement to the legacy tag.

SimplyRFiD also publishes a how-to guide for jewelers to get started with RFID and a comprehensive guide on best-practices when creating a modern inventory system.

Smart Waste Management Systems Global Market to Reach $675.3 Billion by 2027

The continuing expansion of the global population has increased waste production, challenging cities, countries and municipalities to meet the demand for its effective disposal. A proper waste management system helps avoid spreading deadly diseases and safeguard the health of everyone. To achieve the goal of improved waste disposal, IoT-based waste management systems have been introduced in smart cities across the globe.

In a planned system, multiple waste bins are deployed across cities and linked with an embedded structure to help with tracking waste levels in different waste bins, according to their placed unique IDs. This also assists with tracking efforts that result in timely waste collection efforts. Smart waste management is characterized by the use of technology to facilitate waste management efficiency. Thus, waste collection is conducted in a more timely manner, thus avoiding delays and waste build-up that could lead to unsanitary risks.

Smart waste management helps to denote the place of waste generation from public places, residential buildings, hospitals and other institutions. Different technologies, such as vacuum containers, radio frequency identification (RFID) disposal tags and sensor containers, are used for providing real-time fill positions and overall assessments of different types of waste. Efficient and proper management of different types of waste through the overall integrated system can help minimize many issues related to climatic changes, environmental pollution and public health. Recent endemic diseases such as the coronavirus have positively impacted the waste management market by raising awareness about the disposal of products deemed hazardous to human health as well as nonhazardous.

The growing volume of e-waste is a major concern at the global level. Planned and efficient waste management technologies such as cloud management structure, RFID and gasification of hazardous substances with proper care are the driving factors for Indian Waste Management Systems market across developed economies. However, due to the huge cost of implementation during setup, service and maintenance across developing nations such as China and India will challenge market growth during the forecast period.

Occupancy Sensor Market to Generate Total Revenue of US$ 6,558.9 Million in 2032

The global occupancy sensor market is anticipated to grow at a phenomenal CAGR of around 12% during the forecast period from 2022 to 2032. The global market is expected to hold a valuation of around US$ 2,115.6 Million in 2022 and is expected to secure a valuation of US$ 6,558.9 Million in 2032. According to the analysis done by Future Market Insights in the historic period from 2016 to 2021, the global occupancy sensor market displayed a growth rate of 9.8%.

The growth of the market is attributed to the increased demand for occupancy sensors, which are primarily utilized for security purposes to prevent break-ins, burglaries, and thefts, the occupancy sensor market is growing. Furthermore, green buildings are becoming more and more common all over the world, which is anticipated to lead to market growth of occupancy sensors in the market.

This type of indoor detecting mechanism helps in altering the air temperature and ventilation within a particular area in response to the presence of individuals. Apart from stairwells, open and closed offices, corridors, and warehouses, they also find applications in residential, commercial, and industrial spaces. Additionally, occupancy sensors assist in automating motor load switching on fans, curtains, air conditioners, and a variety of other devices run by motors.

Global industrial wireless sensor network market size reached US$ 4.94 Billion

The global industrial wireless sensor network market size reached US$ 4.94 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 13.78 Billion by 2027, exhibiting a CAGR of 18.65% during 2021-2027.

An industrial wireless sensor network (IWSN) comprises tiny autonomous sensors or nodes that are physically distributed in space. It relies on radio frequency (RF) waves to monitor and communicate several conditions, such as temperature, vibration, pressure, pollutants, and motion.

It is easy to install and relocate while saving labor costs, energy, and materials compared to wired solutions. It enhances productivity as IWSN can automatically supervise processes without any manual intervention. As a result, it finds applications in machine health analysis, manufacturing, condition-based maintenance, automated metering, remote monitoring, and inventory, vehicle and personnel management.

At present, the growing demand for IWSN to improve communication between industrial devices and ensure seamless communication using wireless systems represents one of the key factors driving the market. Besides this, there is a rise in the utilization of artificial intelligence (AI), machine learning (ML), and big data analytics to analyze the large database of temperature, motion, pressure, gas, flow, and chemicals. This, along with the increasing development of network infrastructure, is contributing to the growth of the market.

Mobile Wallet Market to Hit $51.53 Billion by 2030

The mobile wallet market is expected to expand at a CAGR of 27.4% from 2022 to 2030. A mobile wallet is a technology that can carry cash in digital format.

In terms of technology, the proximity segment accounted for the largest revenue share of over 60.0% in 2021 and is expected to retain its dominance over the forecast period. Growing penetration of NFC and QR code-enabled smartphones across the world is boosting the segment growth.

The remote segment is anticipated to expand at the highest CAGR of 27.7% over the forecast period. The growth of this segment can be attributed to the increasing number of smartphone and internet users across the globe. In addition, surging demand for fast and secure payment solutions is improving the market growth.

In terms of application, the retail and e-commerce segment accounted for the largest revenue share of over 30.0% in 2021 and is expected to retain its dominance over the forecast period. Rapid growth in the global retail and e-commerce sector is creating more demand for mobile wallets.

The banking segment is expected to register the highest CAGR of 28.7% during the forecast period as numerous banks across the world are trying to set up mobile payments.

The hospitality and transportation segment is expected to witness significant growth over the forecast period. Due to ongoing concerns about sanitation and a desire to reduce contact between guests and staff members, mobile wallets are anticipated to create a notable impact on the hospitality or restaurant industry.

Apple releases AirTag firmware update 2.0.36

Apple has released an update for AirTag for unknown fixes and improvements, bringing the tracker to version 2.0.36.

The AirTag is a quarter-sized tracking device that can be used to find lost items, and isn't updated very often. .

The new AirTag firmware version replaces version 1.0.301 and version 2.0.24 on all AirTags in a slow rollout. Apple is updating 25% of the active AirTags on Monday, and the rest on Friday, December 16.

PCI publishes MPoC standard to support evolution of contactless payment acceptance solutions

The PCI Security Standards Council has published a flexible modular standard for accepting payments on a smartphone or other commercial off-the-shelf (COTS) mobile device that supports a variety of payment acceptance channels and customer verification methods including software point-of-sale (sPOS) contactless acceptance solutions.

The PCI Mobile Payments on COTS (MPoC) standard incorporates elements of the existing PCI Software-based PIN entry on COTS (SPoC) and PCI Contactless Payments on COTS (CPoC) standards but also aims to provide flexibility not only in how payments are accepted, but in how COTS-based payment acceptance solutions can be developed, deployed and maintained.

Many of the requirements within the standard will be familiar to those who were already working with the existing PCI SPoC and PCI CPoC standards; however, MPoC is structured to provide a separation of the ‘technical’ or ‘development’ aspects from the ‘operational’ aspects.

UnitVisID Leads Growing RFID Use in Healthcare with Rebrand

The first membership-driven industry alliance advancing radio-frequency identification (RFID) technology in pharmaceuticals announced its rebrand to UnitVisID Alliance, as the new name for the DoseID Consortium.

The name change reflects the organization’s commitment and mission to ensure the quality, performance, and interoperability of RFID-tagged pharmaceutical products as they move through the supply chain – from manufacturing to patient use.

The confluence of the COVID-19 pandemic, drug shortages, and staff shortages have accelerated RFID technology adoption. Emergen Research forecasts that the market for RFID in healthcare will reach almost US $15 billion in 2028 globally from $4.24 billion in 2020.

With advancements in technology and innovation, RFID-tagged pharmaceutical products in the healthcare industry present opportunities to improve inventory management and, ultimately, better patient outcomes. Currently, UnitVisID is used by more than 1,000+ hospitals and healthcare organizations, and more than 210 million RFID-tagged products utilizing the UnitVisID platform have been scanned, more than any other RFID system in the US healthcare space.

The Alliance provides a unified approach with research, tools, and resources for the healthcare industry that ensures RFID-tagged pharmaceutical products work in all downstream systems in hospitals and healthcare systems. UnitVisID is open to hospitals and industry organizations. Current industry members span the pharmaceutical manufacturing ecosystem and include RFID companies, pharmaceutical manufacturers, 503B outsourcing facilities, technology and automation vendors, label converters, and service suppliers.

Amsterdam gets contactless fare payments

Passengers travelling on bus, train, tram and metro services in the Dutch capital and surrounding areas can now pay their fares by tapping onboard readers or ticketing gates at the beginning and end of their journey with their contactless debit or credit card or with their Apple or Android NFC smartphone.

Public transport providers GVB and EBS have launched the OVpay service in Amsterdam as part of a national rollout that began earlier this year.

The rollout is scheduled to be completed by 2024 with OVpay due to add support for discounted fares and season tickets soon.

Healthcare sector rapidly adopted various IoT solutions

The healthcare sector rapidly adopted various IoT solutions by creating the Internet of Medical Things (IoMT). Devices like heart monitors and pacemakers collect and send patient health statistics over various networks to healthcare providers for monitoring, analysis and remote configuration. Although many of these devices are being used in the industry, FDA approval has been a key hurdle for widespread adoption. Another hurdle is insurance, which plays a key role in the healthcare industry.

Some major factors driving investment into IoT include advanced and precise results, growing cloud-based infrastructure, and the availability of more cost-effective smart devices. However, market growth for IoT in healthcare is restrained by factors such as lack of funding and business model and data security and privacy issues.

In this report, the market has been segmented based on component, application, connectivity, end-user and geography. Based on component, the IoT in healthcare market has been categorized into medical devices, systems and software, services, and technology.

Service providers in the healthcare IoT market deliver customized and integrated programs that help companies generate consistent and improved business results and handle the entire life cycle of services. Integration of IoT medical devices involves several smart, connected devices that can be used to track patient health and alert physicians before any infection occurs.

The focus of IoT healthcare systems and networks is to minimize project delivery times and costs through device management and deployment, data security, data collection, and data analytics. Processes and software include remote device management, management of bandwidth use, data science, privacy applications and information security strategies.

The global IoT in healthcare market based on connectivity has been categorized into Wi-Fi, Bluetooth, Zigbee and other connectivity types. The Wi-Fi connectivity-type segment dominated the market in 2020. Some of the major connectivity types under the other connectivity-type segment include Loran and LTE-M. LTE-M is the wireless network of a cellular carrier, endorsed by the industry group GSMA and by the group of standards 3GPP.

Grab-and-go checkout at pop-up store L’Oréal

L’Oréal has piloted a pop-up shop in its store in Königsallee, Düsseldorf, Germany using Payfree and Avery Dennison’s advanced Self-Checkout Technology.

Avery Dennison has developed special RFID tags to meet the specific requirements of the beauty industry and its products.

Instead of queuing at checkout, customers purchase their selected products by passing them through a scanning unit, which automatically registers products via RFID tags.

Payfree has already successfully implemented its grab-and-go checkout in other retail segments, such as apparel and merchandise.

AiDot officially Joins the Connectivity Standards Alliance

AiDot smart home, a smart home ecosystem brand, has officially joined the Connectivity Standards Alliance. AiDot will support the development and popularization of the matter standard protocol as an Alliance member in the future.

The Connectivity Standards Alliance is a global organization of 550 companies working together to simplify and harmonize the Internet of Things (IoT) through technology standards, dedicated to creating, maintaining, and delivering open global standards for the IoT and the smart home.

Matter, the new smart home standard officially launched by the Connectivity Standards Alliance in October 2022, enables Matter-compliant IoT devices and ecosystems to communicate securely, removing interoperability barriers and ushering in a new era of innovation. It will mark the end of the smart home walled garden and provide a better experience for any manufacturer through a global, secure and open interoperability standard.

Some Matter-Certified AiDot product devices have already been released as pre-sales. As one of the first smart brand support the Matter protocol, users can experience Matter's interoperability, simplicity, and security through AiDot's matter-compatible products.

Current pre-sale products of AiDot are A19 and BR30 RGBTW smart bulbs which are available in more than 16 million colors and support color temperature adjustment from warm white to cool white (1800 - 6500K), and consumers can also enable the music rhythm function on the app, allowing the smart bulbs to change colors according to the rhythm of music automatically.

Leading technologies enable Chengdu to become smart city

Chengdu, capital city of Southwest China's Sichuan province, is transforming into a smart city with the development and application of the new generation information technologies such as internet of things, cloud computing, big data and artificial intelligence.

A total of 2,539 intelligent street lamps made in Chengdu were used during the Beijing Winter Olympics, demonstrating the city's technology strength.

Developed by Chengdu-based Sichuan Huati Lighting Technology Co Ltd, the lamps in the city not only provide lighting services, but are also equipped with WiFi, LED panels, charging piles, photovoltaic power generation and energy storing devices. They serve multiple functions, including 5G communication, environmental monitoring and intelligent transportation.

The lamps are also in operation in Chengdu. Based on the lamps, Huati Lighting Technology has also developed a series of smart city application scenarios and services. Its smart roadside parking system has been piloted in Chengdu's Shuangliu district, and the smart greenway system has been applied in the city's Jincheng Greenway.

Under the Chengdu municipal government's guidance to build a "Smart Chengdu", an increasing number of intelligent technology products and smart city application scenarios have been applied, changing people's way of production and life.

Barcode Scanner Market Expected to Grow at a CAGR of over 7.6% Amid Increase

The global barcode scanner market stood at US$ 7 Bn in the year 2021 and is expected to witness a CAGR of 7.6% between 2021 and 2031.

Public distribution system is turning digitized day after day. As such, there is a spike in the number of e-retailers. Barcode technology is increasingly used as an AIS (automatic identification system) for reducing human errors.

The healthcare vertical is also witnessing an increasing demand for barcode scanners, so as to manage medicinal records and averting errors with respect to data.

There are numerous fixed and handheld barcode scanners available across a wide price spectrum on the whole. Along these lines, buyers in retail environment prefer affordable handheld scanners for ascertaining flexibility and accessibility.

However, in the industrial environment, buyer chooses rugged scanners that are able to resist harsh conditions, that too, without compromising on performance parameters. These days, buyers may also opt for devices having features like Bluetooth and Wi-Fi connectivity, keyboard, and touchscreen. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Barcode Scanner Market’.

Increased Adoption of Contactless and NFC Payments Fuels Growth

USA Outdoor Payment Terminal market is growing at a steady rate over the past few years, supported by increase in population in the country along with the rising popularity of electric vehicles and government initiatives such as carbon free economy and EMV compliance law. 

Increasing adoption of contactless or near-field communications (NFC) technology for credit card payment along with groundbreaking technologies such as artificial intelligence (AI), internet of things (IoT) and other digital platforms are opening new possibilities in the market.

USA Outdoor Payment Terminal market is moderately concentrated market with Gilbarco Veeder-Root and Wayne Fueling System as the market leaders owing to the high market share on the basis of installed base of OPTs; followed by other OPT providers such as NCR corporation, IDTECH and Invenco in the market.

Advanced retrofit POS system, 5G-enabled devices and other new payment modes are expected to drive the USA Outdoor Payment Terminal market in near future.

DENSO Receives IEEE Corporate Innovation Award for Developing and Spreading Use of QR Code

DENSO Corporation announced it has received the IEEE Corporate Innovation Award from IEEE, the largest international association for electrical and electronic engineering in the world, for developing the QR Code and spreading its use globally.

The IEEE Corporate Innovation Award is presented to organizations that have made a significant global impact with innovative technologies and products and contributed to the development of electrical and electronic engineering.

The QR Code was developed in 1994 by DENSO's applied equipment engineering section (currently DENSO WAVE) as an easy-to-read code that can store a large amount of information. The innovative two-dimensional code can store about 200 times more information than barcodes and can be read at high speed. DENSO started to use the code mainly for inventory management at its manufacturing plants, and later made the patent available free of charge, enabling it to spread globally. In the early 2000s, the QR Code became familiar to the general public in line with the growing use of mobile phones equipped with cameras. Today, it is widely used in many daily life applications, including electronic tickets and cashless payments. In 2020, the QR Code was recognized as an IEEE Milestone*3 for its outstanding contribution.

Even 28 years after it was invented, the QR Code continues to evolve with the addition of new functions. DENSO WAVE developed SQRC,*4 which can carry two types of data (public and private) in a single code, Face Authentication SQRC, which can turn facial feature points into a QR Code, and Frame QR,*5 which offers design flexibility. The QR Code is contributing to personal identification, prevention of counterfeiting and information falsification, and generation of electronic tickets.

SimplyRFiD Adds Support for 128-Bit RAIN RFID Tags

SimplyRFiD's Wave version 3.3.6 now recognizes 128-Bit RFID tags as a reliable, interchangeable data format.

More than 28 billion RAIN RFID chips were deployed in 2021 and it's expected the RAIN RFID tag market will reach 35 billion in 2022.

The majority of these chips are low-cost 3 cent 96-bit RFID "product ID tags" used in supply chain logistics for retailers. The RFID product tags perform a similar function as the barcode from the 1970's, but they can be read through through a cardboard box and at a speed of 1,000 items (tags) per second.

Last month SimplyRFiD launched an update to its popular Wave App. Wave is an iOS app that uses an RFID Handheld to count your inventory.

Budapest to trial open loop contactless fare payments

Passengers travelling on the 100E airport shuttle bus operated by Budapesti Közlekedési Központ (BKK) in the Hungarian capital of Budapest will soon be able to pay their fares by tapping their physical or digital contactless credit or debit card on an on-board reader, according to NFC News.

The pilot phase is expected to start in early 2023, as a first step on the 100E direct airport bus.

The aim of the project is to provide BKK’s customers with the most comfortable travel experience possible and to promote environmentally friendly, paperless public transport with another digital solution following the success of BudapestGo.

Smart sensors market share in the UAE is expected to increase by USD 842.20 million

The smart sensors market share in the UAE is expected to increase by USD 842.20 million from 2021 to 2026, at a CAGR of 15.96%.

The emergence of industry 4.0 is notably driving the smart sensors market growth in the UAE, although factors such as technological challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart sensors market industry in the UAE. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

The growing adoption of SoC in smart sensors is another factor supporting the smart sensors market growth in the UAE. Smart sensors are integrated with electronic components that perform functions such as data conversion, bi-directional communication, and making decisions in an industrial setup. They are enabled with microprocessors that process all the acquired data and send it to control systems.

Increasing adoption of NFC, QR codes and biometrics drives growth across cardless ATM market

The global cardless ATM market will have increased in value by US$2.11bn by 2026, an expansion driven by the growing adoption of NFC- and QR code-enabled smartphones and the emergence of biometric ATM technology.

The increased penetration of smartphones is driving market growth, especially in emerging countries, due to the rising sales of low-priced smartphones. These smartphones have several features of high-end smartphones, researchers explain.

Moreover, NFC chips enable smartphones to connect with other NFC-enabled devices in cardless ATMs for data transfer.

A smartphone can also read QR codes on the ATM screen. Such factors are expected to fuel the growth of the global cardless ATM market during the forecast period.

IoT in utilities market expected to grow to $43.78 billion

The global IoT in utilities market is expected to grow from $38.21 billion in 2021 to $43.78 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The IoT in the utilities market is expected to reach $69.86 billion in 2026 at a CAGR of 12.4%.

The IoT in the utility market consists of the sales of IoT services by entities (organizations, sole traders, and partnerships) that are used for creating powerful connected networks of data flows among distributed energy resources (DERs), in-home devices, and nano/microgrids. The IoT in utilities is the concept for developing advanced solutions that improve productivity and accuracy, solve critical problems, and improve real-time decision-making.

It is used to reduce emissions, distribute energy resources, accommodate the integration of renewables, and improve reliability and efficiency.

The main types of IoT in utilities are platforms, solutions, services, and others. IoT utility solutions refer to a set of activities conducted for the development and sale of IoT in utilities for solutions.

An IoT solution is a seamlessly integrated array of technologies, including multiple sensors, to solve a problem and create new organizational value. The different technologies include sensors, RFID, and connectivity technology, which are used in various applications such as electricity grid management, gas management, water and waste management, and others.

North America was the largest region in the IoT in utilities market in 2021. The regions covered in the IoT in utilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.