Medication Adherence Packaging: Market to Achieve US$ 2 billion by 2034

With the moderate scope of progress, the medication adherence packaging will likely trace an optimistic future progress path to reach USD 2 billion by 2034. The industry was valued at USD 1.1 billion in 2023.

The likelihood of this change in the industry size is moderate and will encompass the development at a CAGR of 5.2%. This forecast will elevate prospects for key players within the industry, fueling market development.

With the rising drug addiction cases among individuals, the need for medication compliance surges. This elevated need further dominates the market, driving the demand for medication adherence packaging.

To mitigate the increasing prevalence of drug abuse and addiction, compliance-prompting packaging methods can be used. This can assist patients in designing appropriate dosage and drug delivery time.

The necessity of such efforts has been rising due to the alarming side effects of improper medication. As a result, to ensure patients' health and safety, medical assistance must be provided, which can be achieved through this method.

The overall cost is reduced with the use of such methods, which is another vital benefit. As a result, this generates more demand in the healthcare sector, which elevates the market size.

With the growing geriatric population, the demand for drug delivery assistance increases. Recent trends reflect that homecare has been more emphasized, which elevates the scope of the industry.

Technological innovations in the global medication adherence packaging market spur the augmentation of packaging methods. Smart labeling, RFID codes, NFC, and other cutting-edge methods are gaining traction.

This advancement of technology not only benefits patients in terms of marking their drug delivery trajectory but also helps key players embark on a stronger position in the industry.

IDTechEx Explores the Limits of Flexible Battery Applications

 Since the conception of flexible battery technologies, suppliers have searched for strong application markets for their products. In the last five years, niches have finally begun to materialize, though the specific use case depends on battery technology. Some of the earliest examples of commercialized flexible batteries were thin-film solid-state micro-power batteries that used the LiPON electrolyte developed by Oak Ridge National Laboratory. In the last decade, other flexible battery options have been semi-commercialized, including zinc-carbon, zinc-silver, and primary lithium chemistries. Bulk solid-state and advanced lithium-ion technologies are now also on the brink of commercialization, and opportunities for their products are being searched for. IDTechEx's latest report, "Flexible Batteries Market 2025-2035: Technologies, Forecasts, and Players", includes an in-depth analysis of flexible battery applications and technologies, as well as a market valuation and a 10-year forecast.

Two broad categories of flexible battery technology can be identified as lower and higher capacity. To the first belongs thin-film and micro-battery technologies: zinc-carbon, zinc-silver, primary lithium, and thin-film solid-state. Of these, zinc-carbon, zinc-silver, and thin-film solid-state may be rechargeable or non-rechargeable, while primary lithium is always non-rechargeable. Printing is the most common manufacturing method for zinc chemistries, while lithium chemistries use alternative manufacturing methods such as sputtering. They are defined either by their chemistry (zinc-carbon, zinc-silver, primary lithium) or by their electrolyte (thin-film solid-state). All are expensive to scale up in terms of size and capacity, and their areal energy density is limited, making them best suited for micro-power applications.

The second category includes advanced lithium-ion and bulk solid-state technologies –the less mature flexible battery technologies. Both are based on rechargeable lithium-ion technologies. Advanced lithium-ion, in this case, describes a battery structure that is similar in chemistry to traditional lithium-ion cells but with innovations that enhance flexibility, e.g., cell packaging or electrolyte. Both liquid electrolyte batteries and semi-solid polymer electrolyte batteries can be included in this category. Bulk solid-state describes a non-thin battery with a solid-state electrolyte, though it need not be 100% solid. Examples of solid-state electrolytes include ceramics and sulfides.

The advantages of flexible batteries are self-evident. A battery that can be rolled, stretched, and bent without losing functionality could prove a significant advantage in the right use case. However, flexible batteries are competing with significantly cheaper traditional technologies such as coin cells. For comparison, coin cells can be less than US$0.50/Wh, while the cheapest flexible battery options are around US$3/Wh. In fact, some technologies cost tens of dollars per Wh. In most use cases, the price of flexible batteries is too high to warrant their use. Instead, suppliers have needed to find niches where extreme flexibility is required, and which are relatively price-insensitive, high-end, specific form-factor applications.

Smart labels have become the primary niche for the first category of low-capacity batteries. Thin batteries, usually printed, are integrated into labels, tags, and sensors that are used for quality control and logistics in industry settings. For example, RFID tags with temperature sensors or chemical sensors are used to monitor produce. The advantage of these tags is significant – produce that would otherwise be lost in transit due to poor temperature control can be saved, reducing waste. Other types of smart labels are used to communicate the position and condition of shipments. Not all smart labels use flexible batteries, however increasingly flexible battery companies have targeted this application. Thinness is the major driver of flexible battery uptake in this instance. Thin labels require thin batteries, which happen to be flexible. While flexibility is an advantage when the label is applied to a curved or irregular surface, in most cases, it is not a requirement. Zinergy and CCL Design (after the acquisition of Imprint Energy) are two flexible battery players who have increasingly targeted this niche. The flexible battery market for smart labels and RFID tags is valued at US$14.3 million in 2025 and is expected to grow with a CAGR of 23.9% over the next decade.

Meanwhile, companies supplying the second category of higher-capacity batteries are increasingly focusing on wearables applications. Wearables include a diverse range of products, from hearables and smartwatches to XR headwear and e-textiles. Unlike consumer electronics, products worn on the body frequently require tailored form factors as they must be comfortable when worn. As a result, wearables companies have shown interest in curved and flexible battery options in the past as a means of removing unnecessary bulk. However, the flexible batteries of the past were unable to meet wearable product requirements for energy density and lifetime. Only recently has flexible battery supply begun to align with the demand for wearables.

Advanced lithium-ion and bulk solid-state flexible batteries have begun to move from the development stage into semi-commercialization, finally providing energy storage solutions that can meet energy density and lifetime requirements while still retaining a flexible form factor. Suppliers of both technologies have targeted wearables opportunities, especially wrist-worn wearables and electronic headwear. Low-end, mass-produced hearables and wrist-worn wearables make up the largest proportion of the overall wearables market but present no opportunity for flexible batteries, and the high cost of flexible battery options cannot be justified for low-cost, mass-produced products. However, the wearables market still presents significant opportunities at the high end. LiBEST, for example, is a Korean company that, since 2024, has focused on advanced lithium-ion batteries for XR headsets and high-end hearables, where products are price-insensitive, and bulkiness is not favored. The total wearables market for flexible batteries (which includes skin patches) is valued at US$43.3 million in 2025 and is expected to grow with a CAGR of 21.6% over the next decade.

The overall flexible battery market remains small, at just US$71.7 million in 2025, compared to a global lithium-ion battery market of over US$50 billion. IDTechEx's latest report, "Flexible Batteries Market 2025-2035: Technologies, Forecasts, and Players", discusses opportunities and growth for flexible battery players over the next decade.

MBTA to switch on contactless payments across Boston’s public transportation network

Starting from August 1, 2024, public transportation users in the Greater Boston area will have the convenience of paying for their fares using contactless debit or credit cards.

This payment option will be available on buses, Green Line trolleys, Mattapan Line trolleys, and at all gated subway stations. Importantly, riders with weekly or monthly passes, as well as those who prefer using their existing CharlieCards, won’t be impacted by this change. Additionally, participants in reduced fare programs (such as seniors, students, and TAP users) can link their benefits to contactless cards, phones, or watches.

Managing travel payments will be possible through an online Charlie account or by contacting the Customer Support Center. The Massachusetts Bay Transportation Authority (MBTA) views this transition to contactless payments as a step toward a more efficient and rider-friendly transportation system.

Mitutoyo America Corporation Releases New Surface Measure Non-Contact Line-Laser Sensor

Mitutoyo America Corporation, a manufacturer of precision metrology instruments and solutions, announced the release of our innovative SM1008S, the first non-contact line-laser sensor in the Mitutoyo Surface Measure product line.

The Surface Measure 1008S aims to disrupt the surface measurement processes across a wide range of industries, offering unprecedented precision and accuracy, even with in-line and near-line shop floor applications. The SM1008S leverages a propriety Mitutoyo optical system alongside our traditional sensor technology to deliver versatile performance that includes 2D profile measurements and comprehensive 3D dimensional inspections.

Key Features and Benefits:

    Exceptional Precision and Repeatability: The SM1008S boasts an accuracy of 20 µm and a Z repeatability of 0.5 µm, ensuring reliable and consistent measurements. This precision allows for stable inspection and measurement of intricate details and complex surfaces.
    Integrated Smart Software: The sensor's on-board software includes a wide array of measurement tools such as height, width, volume, flatness, pattern matching, gap & flush, optical character recognition (OCR), barcode reading, and various defect detection tools. These features eliminate the need for additional controllers or complex programming, simplifying setup and operation.
    Robust and Versatile Design: Designed to withstand demanding environments, the SM1008S achieves an IP67 protection level. It supports automated measurements with high-speed profile acquisition (up to 10 kHz) and features a parts matching function for consistent application regardless of part orientation.
    Wide Range of Applications: Suitable for industries including electrical, electronics, semiconductor, automotive, food, medical device, and pharmaceuticals, the SM1008S facilitates 100% in-line inspection, enhancing quality control and productivity.

Metrolinx brings Presto transit cards to Apple Wallet

Starting from July 16, 2024, public transportation users in the Greater Toronto and Hamilton Area (GTHA) can now add their Presto transit card to Apple Wallet.

This convenient feature allows riders to simply tap their iPhone or Apple Watch to pay for fares across various transit services.

The digital version of the Presto card can be added to Apple Wallet at no extra cost and used on GO Transit, UP Express, Brampton Transit, Burlington Transit, Durham Region Transit, Hamilton Street Railway, MiWay (in Mississauga), Oakville Transit, TTC, and York Region Transit.

Presto cards stored in Wallet are private and secure, with encrypted information stored in the Secure Element.

CONTROLTEK Announces Advancement of Wade Holman to Vice President Strategic Accounts, North America

CONTROLTEK announced the promotion of Wade Holman to Vice President of Strategic Accounts, North America. In his new role, Wade will oversee the strategic direction and growth of key accounts, continuing to drive CONTROLTEK's mission of delivering innovative security solutions to retailers.

Wade has been an integral part of the CONTROLTEK team for the past three years, serving as the Director of Sales for the Canada Division. His leadership and dedication have been pivotal in expanding CONTROLTEK's presence in the Canadian market, achieving significant milestones in customer satisfaction and revenue growth.

CONTROLTEK delivers tamper-evident security packaging, retail EAS asset protection and RFID solutions. The company's line of inventory protection and visibility solutions helps financial institutions, government agencies, and retailers protect their assets better and run their operations more efficiently.

RFID in Pharmaceutical Market to reach USD 7.57 Bn at a CAGR of 7.5 percent by 2030

Stellar Market Research, a global Healthcare Market research firm has published a competitive intelligence and market research report on the "RFID in Pharmaceutical Market". The RFID in Pharmaceutical Market size was valued at USD 4.56 Bn in 2023 and the total RFID in Pharmaceutical revenue is expected to grow at a CAGR of 7.5 percent from 2024 to 2030, reaching nearly USD 7.57 Bn by 2030.

The report on the RFID in Pharmaceutical Market involves a comprehensive analysis of market structure, competition, and growth drivers. The market size is methodically estimated using a bottom-up approach to understand growth patterns. Key insights typically cover major drivers at global and regional levels, challenges for future growth, and opportunities arising from technological advancements. Regional analyses provide information on market leaders, penetration rates, and geographical factors influencing the industry.

The segmentation by type, component, distribution channel, and application aids in understanding the target audience, emerging trends, and market composition. Primary and secondary research techniques are combined in research studies on the RFID in Pharmaceutical market. Both qualitative and quantitative analyses are employed using tools like SWOT, PESTLE, and Porter's Five Forces to guide investment and marketing decisions.

The World Health Organization (WHO) estimates that up to 10% of medications in low- and middle-income countries are counterfeit, making counterfeit pharmaceuticals a serious concern. Radio Frequency Identification (RFID) technology helps to mitigate the risks associated with counterfeiting, which costs the pharmaceutical industry an estimated $200 billion in revenue losses annually and puts patients' health at serious risk. RFID in pharmaceutical technology meets the critical need for tracking and verifying medications through the supply chain. The demand for RFID in pharmaceutical is increasing as it not only ensures the authenticity of drugs but also aids in preventing medication errors, which affect more than 1.5 million patients in the U.S. annually.

Research by SMR, states that RFID implementation results in up to 80% less inventory shrinkage, which translates into significant cost savings. Additionally, strict regulations that provide detailed and accurate records of the handling and transportation of pharmaceutical products are enforced for the pharmaceutical industry. RFID technology makes it simple to comply with these regulations while ensuring the integrity and safety of these goods. Analysing the competitive landscape, including major players helps identify market opportunities and potential competitive advantages.

The rapid rise of the pharmaceutical sector in China and India, which rank among the world's top manufacturers and users of pharmaceuticals are making significant investments in cutting-edge technology to boost the effectiveness of their supply chains and guarantee adherence to international norms.

The China RFID in pharmaceutical market has been observing growth as the government and regulatory bodies have taken the initiative to enact laws that improve medication safety and traceability. China is making significant investments in the creation of RFID-enabled IoT infrastructure and smart logistics. It is expected that by 2025, Chinese investments in the Internet of Things will surpass $300 billion by increasing efficiency lowering the danger of counterfeiting, and accelerating the adoption of RFID in the pharmaceutical supply chain. Additionally, the growing cost of healthcare in India is a major driver behind the use of RFID technology in pharmaceuticals. The need for RFID in the pharmaceutical industry is further supported by the growing adoption of smart logistics and digital health solutions. Countries at the forefront of RFID technology development include South Korea and Japan, which creates an atmosphere that is favorable to the adoption of RFID in pharmaceutical industry.

Real-Time Location Systems (RTLS) Market size is set to grow by USD 28.35 billion from 2024-2028

Real-time Location Systems (RTLS) are technologies used to automatically identify and track the real-time location of objects or people within a designated area, usually with the help of tags or sensors. The global RTLS market is poised to expand significantly, driven by factors such as the low cost of RFID tags and the increasing adoption of Ultra-Wideband (UWB) RTLS technology. Despite promising growth prospects, high implementation costs remain a challenge for market players.

UWB Real-Time Location Systems (RTLS) consist of four main components: tags, sensors, timing cables or wireless bridges, and a location engine. Tags are used for monitoring assets, sensors read tags, timing cables or wireless bridges connect sensors and the host computer, and the location engine calculates tag positions using various techniques. UWB RTLS offers high accuracy over short-to-medium distances at a lower cost than other RTLS technologies. It's beneficial for short-range and low-data-rate communications, with a high data rate reaching 100 Mbps for near-field data transmission. Zebra's Dart UWB provides accurate, precise, and high update rate real-time location information using patented UWB systems. This results in long battery life for tags and is useful for applications requiring high accuracy within a range of fewer than 300 meters. UWB RTLS is beneficial for various applications, including communication and sensors, positioning and tracking, and radar.

Real-Time Location Systems (RTLS) are gaining popularity in various industries, including Biomedical engineering, Nursing staff in Healthcare, Oil & Gas, Mining, Manufacturing, and more. RTLS enables real-time tracking of assets, vehicles, and people, enhancing safety compliance, workflow efficiency, and security. In Healthcare, RTLS helps monitor hand hygiene and infection control. In Oil & Gas and Mining, it ensures safety regulations are met. In Manufacturing, RTLS tracks manufacturing equipment and optimizes workflow. RTLS solutions use tags/badges, sensors, and readers. UWB (Ultra-Wideband) technology offers high accuracy and reliability. Hybrid RTLS solutions combine Wi-Fi and UWB for cost-effective installation. Key players include Zebra Technologies and Securitas AB. RTLS is used in Courier services, Transportation, Logistic companies, Hospitals, and more. Applications include asset tracking, people tracking, and navigation. RTLS is essential for safety regulations in industries like Construction, where tracking cranes, forklifts, and trucks is crucial. Installation costs vary depending on the technology used. Overall, RTLS offers flexibility, accuracy, and reliability, making it a valuable investment for businesses.

Real-Time Location Systems (RTLS) offer numerous benefits to enterprises, including enhanced asset tracking and improved operational efficiency. However, the high cost of implementing RTLS is a significant challenge for many businesses. The initial deployment cost includes expenses for planning and design, cabling, software licenses, and location hardware. For large manufacturing companies, the cost can range from USD10 million to USD30 million. Hospitals, in particular, seek RTLS for inventory management and cost savings. For instance, one hospital reduced its inventory supply of regularly used items by 23%, while another eliminated waste by tracking exiting devices, saving around USD50,000 in the first week. Nevertheless, the high implementation cost is a major hurdle for Small and Medium Enterprises (SMEs), which may hinder the growth of the RTLS market during the forecast period.

Real-Time Location Systems (RTLS) have gained significant attention in various industries due to their ability to improve efficiency, enhance safety, and reduce errors. However, implementing RTLS comes with challenges. The Bluetooth standard, while convenient, may not offer the required detection accuracy. Healthcare applications demand high precision for patient safety, preventing mistakes like medication errors, misidentification of patients, or incorrect blood transfusions. Initial setup and maintenance costs can be high, especially for institutions facing staff shortages and aging populations. The ongoing pandemic and emerging economies add to the pressure. RFID technology and Wi-Fi systems are common RTLS solutions, but choosing the right one depends on the specific needs of the community, be it healthcare workers, doctors, or the working population. RTLS can save resources, but the initial investment can be a concern for industries like defense, warehouses, shipping, and logistics. Wearables and Trackables are essential components, but their integration requires careful planning. Ultimately, the goal is to enhance the quality of care, prevent adverse events, and improve overall operational efficiency.

Barcoding, Inc. and DecisionPoint Systems Merge to Create Business of Scale

Barcoding, a provider of supply chain optimization and warehouse automation solutions, a portfolio company of Graham Partners, has merged with DecisionPoint Systems, Inc, unified under their new holding company DecisionPoint Technologies. A merger agreement was signed and announced earlier this spring and the transaction was completed on July 5, 2024.

Barcoding seeks to revolutionize global organizational efficiency, accuracy and connectivity. Headquartered in Baltimore, Maryland, the company leverages its experience in data capture, automation and mobile computing to deliver tailored solutions for complex supply chain challenges across industries, such as manufacturing, distribution, retail, and transportation and logistics.

Headquartered in Delray Beach, Florida, DPSI is an integrator of enterprise mobility solutions and managed services focused on the deployment and management of data capture and point-of-sale ("POS") technologies within retail, logistics and healthcare end markets. DPSI occupies an adjacent area of Barcoding's current market, which may benefit from increasing adoption of automation and advanced POS technologies over the coming years.

With the combined capabilities resulting from the merger, the unified Barcoding and DPSI is well positioned as a solutions-focused integrator capable of supporting advanced deployment, integration and services across enterprise mobility, IoT/RFID and POS technologies. Further, the added scale and expanded geographic presence across North America should allow the unified business to better support enterprise-level customers across a broad range of industries and solution needs, as well as further bolster its value proposition with OEM partners.

Retail Automation Market size is set to grow by USD 11.95 billion from 2024-2028

The global retail automation market size is estimated to grow by USD 11.95 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.87%  during the forecast period.  High adoption of contactless payment solutions is driving market growth, with a trend towards emergence of big data management.

Retail automation is set to experience significant growth due to the increasing adoption of cloud-based solutions. This shift allows merchants to integrate more back-end software in the cloud, enabling seamless access to customer and product data across multiple platforms. Compatible retail automation solutions are essential for managing large volumes of data, capturing demographics, payment preferences, and buying behavior. Incorporating Point of Sale (POS) systems in retail offers several advantages. Merchants can gain insights into consumer behavior with in-store products, empower associates with customer profile data, engage customers throughout their visit, and offer creative loyalty reward programs. These benefits will drive the expansion of the global retail automation market during the forecast period.

Retail automation is a growing trend in the industry, with Artificial Intelligence (AI) leading the way. AI in retail is revolutionizing demand forecasting through predictive data, enhancing customer experiences with personalized campaigns, and improving supply chain management. Interactive chat programs and logistics management systems streamline operations, while barcode & RFID technology and automated conveyor systems optimize retailers' inventory, staffing, distribution, and delivery schedules. Automation technology, including robotics in warehouses and fulfillment centers, boosts organizational efficiency. Retailers must also prioritize cybersecurity threats in their automation strategies. Point-of-sale (POS) systems, department shops, and single item stores, from fuel stations to retail pharmacies and e-commerce warehouses, all benefit from retail automation software and machine learning (ML). Robotics process automation and cloud-based POS software further enhance operational workflows.

Consumer IoT Market: Bridging Big Data Demand for a $266.68 Billion Valuation by 2031 | SkyQuest Technology

According to SkyQuest, the global Consumer IoT Market size was valued at USD 182.62 Billion in 2022 and is poised to grow from USD 189.97 Billion in 2023 to USD 266.68 billion by 2031, growing at a CAGR of 5.07% in the forecast period (2024-2031).

The growth of the global consumer IoT market will be driven by more internet users and uptake of smart devices. Additionally, rising disposable incomes in emerging economies and increased awareness of fitness contribute to the total market growth.

Nonetheless, a significant barrier to the worldwide consumer IoT market is the rising risk of data breaches related to IoT devices. The consumer IoT market, on the other hand, is anticipated to benefit greatly from expanding government financing for IoT-related R&D and favorable policies that support green buildings.

Node components are gadgets used in the context of the international consumer IoT market to facilitate communication in IoT networks. Node components are very vital since they form the basis of the Internet of Things networks that supply reliable connectivity and data transfer services. By providing a variety of linked and varied consumer IoT solutions, their integration promotes the growth of IoT applications in smart cities, residences, and other areas.

In the global consumer IoT market, the connection IC (Integrated Circuit) is a crucial part of nodes that facilitates smooth communication between IoT devices. It makes systems more effective, and it aids in compatibility when transferring information across various networks. The true worth of this IC comes from the fact that it can be utilized in numerous IoT application domains such as wearables, smart home devices; and connected appliances.

The global consumer IoT industry relies on satellite networks as important gateways that give universal connectivity, particularly in remote and underdeveloped areas where traditional networks may not be adequate. Crucially global coverage presents an opportunity for IoT devices such as asset trackers and environmental sensors securely to transmit data across long distances, thus promoting use of IoT in fields such as environmental monitoring, logistics, and agriculture.

RFID Blood Refrigerator and Freezer Market size is set to grow by USD 498.3 million from 2024-2028

The global RFID blood refrigerator and freezer market size is estimated to grow by USD 498.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  21.49%  during the forecast period. High demand for blood and blood components is driving market growth, with a trend towards increasing initiatives to raise awareness about blood donations. However, compliance with medical guidelines and declining number of blood donors  poses a challenge.

The global RFID blood refrigerator and freezer market is experiencing growth due to the increasing number of blood donations worldwide. With rising awareness campaigns encouraging individuals to donate blood, more hospitals, clinics, and blood banks require efficient storage and tracking solutions for blood and blood components. RFID technology offers these benefits, making it an essential investment for healthcare organizations. The awareness initiatives, such as the Voluntary Blood Donation Programme and Platelets Across America, aim to inspire new donors and maintain a strong donor population. Regular donations are crucial to ensure high-quality blood stocks, and RFID technology enables effective inventory management. Organizations like the Red Cross and corporate companies are partnering with recognized blood banks to organize blood donation drives and set up camps. These efforts will lead to a significant increase in blood donations, boosting the demand for RFID blood refrigerators and freezers during the forecast period.

The Rfid blood refrigerator and freezer market is witnessing significant growth due to the increasing demand for efficient and safe storage solutions for blood components and plasma derivatives. Hospitals and diagnostic centers are major consumers of these systems, used for storing various types of blood components, including plasma samples, platelets, and leukemia, thalassemia, and hemophilia-related components. Rfid technology enables easy identification and tracking of blood tubes and platelet components through the use of identification cardholders. These systems come in various configurations, including upright and drawer racks, made of corrosion-resistant steel for durability. Key features include motors, thermostats, condensers, expanders, and evaporators, ensuring consistent temperature control within the cold chain.

Emergency power systems provide backup during power outages. Cost-effective and energy-efficient, these systems are essential for blood donation centers, laboratories, and blood banks, contributing to the overall success of the blood storage and transfusion supply chain. Quality control is paramount, with systems adhering to stringent standards for blood safety and preventing bloodborne pathogens. Applications extend beyond hospitals and diagnostic centers, with potential in research and other industries. The market is expected to grow at a steady pace, driven by the increasing prevalence of chronic diseases and the need for advanced blood storage solutions. The global RFID blood refrigerator and freezer market size is estimated to grow by USD 498.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  21.49%  during the forecast period. High demand for blood and blood components is driving market growth, with a trend towards increasing initiatives to raise awareness about blood donations. However, compliance with medical guidelines and declining number of blood donors  poses a challenge.

Industrial Internet of Things (IIoT) Market is Expected to Surpass USD 191.6 Billion Valuation by 2031

According to SkyQuest, the global Industrial Internet of Things (IIoT) Market was valued at USD 102.48 Billion in 2022 and is expected to rise from USD 109.86 Billion in 2023 to reach a value of USD 191.6 Billion by 2031, at a CAGR of 7.2% during the forecast period (2024-2031).

The rapid adoption of smart manufacturing practices in multiple industries and growing demand for automation have set the tone for industrial internet of things (IIoT) market growth. IIoT devices and solutions are specifically designed to enhance industrial operations and promote operational efficiency and productivity as well. Advancements in IoT and IoT connectivity technologies are also slated to create new business scope for industrial internet of things (IIoT) companies in the future.  The global industrial internet of things (IIoT) market is segmented into component, technology, connectivity technology, software, vertical, and region.

Industrial internet of things (IIoT) requires specialized connected devices made from dedicated sensors and controllers. Growing investments in the development of new IIoT infrastructure are projected to bolster the demand for hardware components and allow this segment to lead the market in terms of revenue generation. Advancements in connectivity technologies are also predicted to bolster the demand for novel IIoT hardware components across the forecast period and beyond.

Meanwhile, industrial internet of things (IIoT) companies can also invest in the development of novel platforms and services to strengthen their business potential. The need for IIoT platforms and services will only get stronger by the day as the adoption of IoT technology in industrial settings increases.

Manufacturing to Take the Crown for Industrial Internet of Things (IIoT) Sales Owing to the Rise of Smart Factories

The manufacturing industry vertical is estimated to take center stage when it comes to industrial internet of things (IIoT) adoption. High demand for better productivity and operational efficiency in manufacturing facilities is estimated to make this segment a highly lucrative one. From remote monitoring to predictive maintenance, all of these features can only be added to a manufacturing facility through the use of industrial internet of things (IIoT). Energy and oil & gas industry verticals are also forecasted to provide moneymaking opportunities for industrial internet of things (IIoT) companies in the future as digitization increases in them. Apart from these industry verticals, industrial internet of things (IIoT) providers can also explore retail, healthcare, agriculture, and transportation industry verticals to maximize their business scope and boost revenue generation going forward.

Internet of Things (IoT) Market: Accelerating at 19.4% CAGR

According to SkyQuest, the global Internet of Things (IoT) Market was valued at USD 318.8 billion in 2022 and is poised to grow from USD 380.6 billion in 2023 to USD 1572.37 billion by 2031, growing at a CAGR of 19.4% during the forecast period (2024-2031).

Internet of Things (IoT) refers to physical objects embedded with sensors and software to enable communication and share or transmit data. Growing demand for connected devices around the world and advancements in IoT technology are projected to drive the internet of things (IoT) market growth. The availability of low-cost sensors and rapid adoption of cloud technologies are also setting the tone for internet of things (IoT) market growth across the forecast period and beyond. The global Internet of Things (IoT) market is segmented into component and application, and region.

Hardware is a prominent sub-segment of the component segment as it brings in most revenue for internet of things (IoT) companies. Sensors, actuators, connectivity devices, and RFID tags are some key hardware components that are extensively used in IoT devices. Growing demand for advanced IoT devices is pushing companies to invest in the development of new hardware technology. Rising demand for remote monitoring in multiple industry verticals is also estimated to promote the use of advanced hardware components going forward.

LocatorX Named SupplyTech Breakthroughs’ “Asset Tracking Software of the Year”

LocatorX has received “Asset Tracking Software of the Year” in the annual SupplyTech Breakthrough Awards program conducted by SupplyTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout technology companies, products, and services in the supply chain technology and logistics industry around the globe.

LocatorX’s trusted Supply Chain Intelligence Platform harnesses the power of the data it collects to offer a comprehensive asset tracking solution across the entire supply chain. The platform provides 360-degree, real-time visibility and connected insights to locate and track an organization’s mobile and fixed assets, anywhere in the world.

Key features include:

A Patented LX Digital Fingerprint that creates a unique identifier for every asset, allowing them to be tracked throughout their lifecycle and provides robust data to facilitate predictive analytics for the next best actions.
Data collected is stored in a blockchain-like structure ensuring security, authenticity, and provenance to combat counterfeit products entering the supply chain.
Unique iQR codes that provide an additional level of security.
Hardware agnostic so that it can leverage an array of sensors including Bluetooth Low Energy (BLE), Near Field Communication (NFC), Long Range Wide Area Network (LoRaWAN), and GPS.
The LocatorX platform is a standalone solution or can be integrated with existing CRM, ERP, and WMS applications. It is also available to sit natively within Salesforce and available on AppExchange. LocatorX specializes in MedTech, Life Sciences, Pharmaceutical, Manufacturing, Aerospace, and Defense.

The mission of the annual SupplyTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the supply chain and logistics industry today. This year’s program attracted thousands of nominations from over 15 different countries throughout the world.

Cartes Bancaires begins rollout of new contactless payment card limit

French domestic card payments network Cartes Bancaires (CB) has begun the rollout of Sans Contact Plus, a new service that lets consumers make contactless card payments for amounts over the standard €50 transaction limit by entering their PIN at the point-of-sale.

To use the service, the merchant enters the transaction amount in the usual way and the customer then taps their contactless card to the merchant’s payment terminal. If the amount is over €50, they will then be prompted to enter their PIN so that the transaction can then be authorized.

NFC Forum Defines Next-Generation of Contactless User Experience with Multi-Purpose Tap

NFC Forum, the standards body for Near Field Communication (NFC) technology, has published its first overview of NFC Multi-Purpose Tap and the value this emerging concept will bring to businesses and consumers. The concept is expected to revolutionise the contactless user experience by supporting several actions with a single tap, bringing unparalleled convenience to multiple NFC use cases including point-to-point receipt delivery, loyalty, identification, and total-journey transit ticketing.

NFC Forum brings together product, technology, and brand communities together to advance NFC technology and ensure it delivers a reliable and seamless experience to users globally. The body is led by its Board members, including representatives from Apple, Google, Huawei, Identiv, Infineon, NXP, Qualcomm, Sony, and ST Microelectronics.

The innovation is expected to not only further improve usability, but also provide the opportunity to personalize seamless consumer experiences. Examples include simultaneously taking retail payments while adding loyalty points and promotions; applying concessions and best fare pricing when purchasing travel tickets; or receiving details on how a product can be recycled and reused when buying goods.

California trials Australian tech for forecasting water quality of San Joaquin River Delta

A new partnership between California and Australia will test specialized sensors to monitor water quality in the Sacramento-San Joaquin River Delta, a crucial agricultural and ecological water body near the Bay Area.

Developed by CSIRO, Australia's national science agency, AquaWatch Australia will be a world-first system which combines data from water sensors and satellites to provide near-real-time water quality monitoring and forecasts.

University of California (UC) Davis, UC Merced and United States Geological Survey (USGS) will work with CSIRO to pilot test AquaWatch, which has the potential to help protect the Delta's natural ecosystem - including the endangered Delta smelt - and the agricultural sector reliant on it.

Secretary Wade Crowfoot of California Natural Resource Agency said the landmark partnership between California and Australia was game changing.

UC Merced's Dr Erin Hestir said one of CSIRO's specialized water quality sensors has been installed near where the Sacramento and San Joaquin Rivers merge to monitor water delivered for agriculture and protect the delta's natural ecosystems.

The project contributes to a Memorandum of Understanding to support climate adaption signed between the Australian Government and the Californian State Government in 2023.

Australian Consul-General in Los Angeles, Tanya Bennett, said it was fantastic to see the AquaWatch test site in Sacramento reach this significant milestone, as a key activity under the Australia-California agreement on climate action.

Electronic Shelf Label (ESLS) Market size is set to grow by USD 1.64 billion from 2024-2028

The global electronic shelf label (ESLS) market size is estimated to grow by USD 1641 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 15.69% during the forecast period. Implementation of in-store technologies is driving market growth, with a trend towards rising number of strategic partnerships and alliances. However, growth in e-commerce industry poses a challenge.

The global Electronic Shelf Label (ESL) market is expanding, and vendors are actively investing in product development to capitalize on its growth potential. Strategic partnerships and alliances are a key focus for vendors, enabling them to broaden their offerings and extend their reach in various regions. For instance, in 2023, Qualcomm Technologies, Inc. Collaborated with SES-imagotag to develop new ESL technology based on Bluetooth SIG's ESL wireless standard. Such collaborations are anticipated to boost the market's growth during the forecast period.

Electronic Shelf Labels (ESLs) have become a trending technology in retail stores, replacing traditional paper labels with real-time, battery-powered displays. The market for ESLs is surging due to the proliferation of technologies like Radio Frequency Identification (RFID) and Bluetooth, enabling seamless communication between ESL devices and store networks. SES-imagotag and Hanshow Technology lead the market, with master framework agreements and regulatory support from trade and market regulations. ESLs offer numerous benefits, including accurate pricing, product information, and special offers. They facilitate mobile payment and near field communication for a better shopping experience. ESLs also support inventory status, product details, and real-time promotions, enhancing brand loyalty and employee job satisfaction. The market for ESLs is expected to grow as automation in stores continues, with E-commerce and order picking becoming increasingly important. However, import-export and production analysis indicate potential challenges for market dominance. Inaccurate pricing and regulatory compliance are also crucial considerations. Legacy ESL solutions are being upgraded with connectivity technologies like QR codes and NFC to meet the demands of modern retail.

USDA rule would require RFID tagging of all cattle and bison that move across state lines

The USDA has recently finalized a rule that mandates radio-frequency identification (RFID) ear tags for all cattle and bison moving across state lines.

These RFID tags use radio frequency waves to transmit and collect data, functioning like electronic barcodes. Scanners can read RFID chips from a few meters up to around 100 meters away. In the livestock context, scanning an RFID tag reveals information such as a cow’s birth date, weight, vaccine records, ownership history, and movement history.

The USDA justifies this RFID mandate on public health grounds, aiming to trace and prevent disease outbreaks among livestock. However, there are concerns. First, electronic RFID tags are twice as expensive as traditional metal tags and require additional investments in scanners and software. Small farmers find this cost-prohibitive. Second, visually identifying electronic tags from a distance during cattle drives poses challenges.

Many farmers continue to use physical metal tags alongside electronic ones, resulting in a double investment1. Additionally, tag retention remains an issue, with some cows losing up to 50% of RFID tags after five years.

Automotive Digital Key Market size is set to grow by USD 891 million from 2024-2028

The global automotive digital key market size is estimated to grow by USD 891 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.22%  during the forecast period.  Standardization for using smart devices as keys is driving market growth, with a trend towards use of smart wearables as digital keys. However, complexity of integration with existing infrastructure  poses a challenge.

The automotive digital key market is advancing with OEMs offering digital keys alongside mechanical ones. Accessibility through smartphones and wearables is a developing trend. Jaguar Land Rover's Activity Key and Hyundai's Android Wear watch are examples. Apple's digital car keys using NFC technology are also gaining traction, expected to be supported by BMW 5 Series. This use of smart wearables as digital keys is projected to boost the market growth.

The Automotive Digital Key market is experiencing significant growth with technologies like Bluetooth, NFC, and Ultra-Wideband gaining popularity. Smartphones are becoming digital keys, enabling contactless vehicle access and starting. Companies are focusing on convenience and security features, such as keyless entry, push-button start, and location tracking. The market is also witnessing the integration of vehicle systems and mobile apps, offering services like vehicle diagnostics and remote engine start. Additionally, the use of biometric authentication and geofencing technology is on the rise, enhancing security and convenience. The future of the Automotive Digital Key market lies in the development of more advanced and integrated solutions.

Smart Refrigerator Market size is set to grow by USD 6.72 billion from 2024-2028

The global smart refrigerator market size is estimated to grow by USD 6.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 22%  during the forecast period. New product launches is driving market growth, with a trend towards growing adoption of iot-enabled devices. However, cyber-attacks due to security issues related to internet connectivity  poses a challenge.

The Intelligent Digital Network (IDN) revolution in home appliances enables smart refrigerators to connect and be controlled online. Samsung's launch of a 4-door French refrigerator with AI family hub in April 2024 is a significant development. This innovative product offers features like remote refrigerator monitoring, messaging, doorbell identification, thermostat adjustment, CCTV access, and recipe suggestions. These advanced functionalities are driving the expansion of the global smart refrigerator market.

The smart refrigerator market is experiencing significant growth with advanced technologies such as voice recognition, touch screens, and connectivity. Tech-savvy consumers are increasingly preferring these modern appliances for their convenience and efficiency. Refrigerators with tech features like temperature control, food expiration alerts, and compatibility with smart home systems are trending. Brands are focusing on improving user experience and integrating these features seamlessly. The market is expected to continue growing as technology advances and consumer demand increases. Smart refrigerators offer a combination of functionality and innovation, making them a must-have in modern kitchens.

The smart refrigerator market faces challenges due to vulnerabilities in device security. With increasing IoT integration, refrigerators and other household appliances become targets for cyber-attacks. Weak security parameters and connectivity with other devices pose risks to consumer data. Vendors are addressing these concerns by enhancing software and IoT features. However, the rush to launch new products may result in inadequate security measures, creating opportunities for hackers to exploit personal information or launch larger-scale attacks. This security issue may hinder market growth during the forecast period.

Seattle-area transit riders can now add ORCA payment cards to Google Wallet

Transit riders hopping on a bus or ferry across the Seattle area can now use a digital ORCA card via their Google Wallet on Android and Wear OS devices.

The cards enable users to pay for transit, fund their accounts, ​purchase a pass, ​view transactions, and see trip history all within the Google Wallet app, and serve as a replacement for plastic ORCA cards.

Users will have to check to make sure cards issued by businesses, schools, and organizations are able to be added to Google Wallet. Customers can contact their issuer for such information.

Participating transit agencies include: Community Transit, Everett Transit, King County Metro, Kitsap Transit, Pierce Transit, Sound Transit, and Washington State Ferries.