Industrial Barcode Scanner Market to Grow by USD 2.61 Billion from 2024-2028

The global industrial barcode scanner market  size is estimated to grow by USD 2.61 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.68%  during the forecast period.  Evolution of industry 4.0 is driving market growth, with a trend towards use of wearables with the same functionalities as traditional barcode scanners.

The industrial barcode scanner market is expected to witness significant growth during the forecast period due to the increasing adoption of advanced wearable devices. Traditional barcode scanners are being replaced with smart glasses, which offer additional functionalities like barcode and QR code scanning. DHL is one of the companies that have already adopted smart glasses in their logistics operations. However, ensuring the barcodes are within the line of sight of the device for decoding remains a challenge. Improvements in barcode formats, such as linear and laser, are expected to address this issue, leading to the widespread adoption of smart glasses in place of traditional wearable scanners. This trend will positively impact the growth of the global industrial barcode scanner market.

The Industrial Barcode Scanner market is witnessing significant growth due to automation trends in various industries. Retail outlets, e-commerce, courier services, and e-retailers are increasingly adopting barcode scanning technology for digitization and data exchange. Industrial cameras and cyber-physical systems are integrating barcode scanning equipment into robots and AI for real-time insight in logistics industry. 2D scanners, data matrices, and QR codes are popular for identifying and tracking goods, parts, and assets in industrial settings. Design and high-performance capabilities are essential for barcode scanners in demanding locations like production floors and warehouses. Laser and image scanners, RFID systems, portable, and fixed-mount handheld scanners cater to diverse industrial needs. The market is expected to grow further with the integration of cloud technology and semi-autonomous techniques.

AI sensors installed around Peninsula to detect wildfires

Fifty AI-powered sensors have been installed across the Peninsula to help detect wildland fires, thanks to a collaboration between the Saratoga-based FireSafe Council, Stanford University, and other local agencies.

These sensors are strategically placed in wildland urban interface areas, which are the zones where wildlife meets human habitats, including Woodside, Portola Valley, and unincorporated regions of San Mateo County.

The sensors provide real-time alerts to first responders about emerging fires and can monitor fire and smoke movement as well as air quality. This initiative is part of a unique program from the Department of Homeland Security’s Science and Technology Directorate and N5 Sensors, as highlighted by FireSafe Council CEO Seth Schalet.

While the Peninsula is the latest area to adopt these AI sensors, other parts of the Bay Area, such as Santa Clara County and Oakland, have been using them for the past year.

Smart Biometric Technology (SBT) Creates World First and Only Biometric Fingerprint Activated ID Card With a Digital Photo Display

Smart Biometric Technology Inc. (SBT) Smart Biometric Technology has created the World’s first multi-function security card, that is activated by the cardholder’s fingerprint, using internal biometric fingerprint scanning technology.

The Smart Biometric Technology 3-In-One biometric security card has a built in the card internal nano fingerprint scanner. The scanner scans the cardholder’s fingerprint when the card's surface sensor is touched. In less than a second, an on-the-card scan and match with the user's pre-stored fingerprint is made. Following the match, instantly the card's functions are activated.

In the middle of the card is a color display screen. On fingerprint match the cardholder's pre-stored color picture is displayed on the screen. Perfect for security checks that use photo IDs. This stops the ID aspect of the card being used by bad persons who steal cards and use persons who approximate the card's photo ID to get passed security desks, etc.

The fingerprint on-card scan and match is then used to activate the card RFID to allow the card to be used as a biometric activated door entry card. This stops the card being again stolen and used for secure electronic door entry.

On the surface of the card is a smartcard chip used for secure Government or Corporate network sign on. Again, with the on-card fingerprint scan and match the card's smartcard chip is activated. Touch the card and insert into a standard smart card reader connected to your computer device. Now the card is used to logon to the network secured by biometric technology inside the card using the cardholder’s fingerprint for the ultimate biometric network logon protection.

Patents for the Smart Biometric Technology devices have been issued in the United States along with recently issued patents overseas including China (PRC).

The advanced SBT biometric fingerprint activated security credential in a world first, has three (3) advanced security functions all in the one card, security credential. These functions are:

On-card fingerprint scanning using the card's nano fingerprint scanning technology inside the card. This is used to validate the legitimate card holder using their own fingerprint which is stored inside the card.

Identity Display Screen that on a fingerprint match, displays a color digital photo of the card holder. This adds biometric security to photo-based security checks and secures the card and prevents lost or stolen cards from being misused at security points.

Built in RFID for electronic door, room or elevator access that is in an off state that is securely turned on following a successful card holder fingerprint scan.

QR Code Labels Market Size to Grow USD 1339.1 Million by 2030

The Global QR Code Labels Market was valued at US$ 889.2 million in 2023 and is anticipated to reach US$ 1339.1 million by 2030, witnessing a CAGR of 5.6% during the forecast period 2024-2030.

The QR code labels market is experiencing robust growth due to the increasing adoption across sectors like retail, logistics, marketing, and payments. The convenience, versatility, and cost-effectiveness of QR code labels, combined with the rise in mobile phone usage and the shift toward contactless technologies, are key drivers of this growth. Industries are leveraging QR codes for diverse applications such as inventory management, mobile payments, and marketing campaigns. However, concerns about data privacy and security may limit widespread adoption in certain regions.

Flexographic printing holds the largest share in the QR code labels market due to its high-speed production capabilities and cost-effectiveness for large print runs. Flexographic printing is particularly popular in sectors like retail and logistics, where large quantities of QR code labels are required for packaging and inventory management. Its ability to print on a wide range of substrates, including paper, plastic, and metallic foils, makes flexographic printing the preferred choice for high-volume, cost-efficient QR code label production, driving its dominance in the market.

Digital printing is the second-largest segment, known for its flexibility, quick turnaround times, and ability to produce short print runs cost-effectively. This technology is widely adopted in the marketing and advertising sectors where businesses need customized QR code labels for targeted campaigns and promotions. Digital printing offers high-quality, precise printing for small batches, allowing companies to personalize QR codes for specific audiences or events. The growing trend of personalization in marketing is significantly driving the demand for digital printing in the QR code labels market.

Inventory management is the largest application segment, as QR code labels simplify tracking and monitoring products in warehouses, retail stores, and logistics chains. QR codes allow for real-time updates and easy access to product details, making inventory management more efficient. Businesses, especially in e-commerce and logistics, rely on QR codes to reduce human errors, improve accuracy, and streamline operations. As global trade and e-commerce continue to grow, inventory management remains the largest driver of the QR code labels market.

QR codes in marketing and advertising are increasingly popular as brands use them to engage customers directly through digital content. By scanning a QR code, consumers can access websites, videos, promotions, and other interactive media, enhancing brand interaction. This trend is particularly strong in retail and consumer goods sectors, where QR codes are used in packaging, billboards, and digital campaigns. With more consumers using smartphones, QR codes have become a key tool in marketing strategies, driving growth in this application.

Petlibro Unveils Dockstream RFID Smart Fountain With Multi-Cat Families In Mind

Petlibro has unveiled the new gamechanger for multi-cat households, the Dockstream RFID Smart Fountain.

While water quality is a significant concern for pet parents, a recent survey conducted by Petlibro indicates that over 30% are also focused on effective hydration monitoring, particularly in multi-pet households. With Petlibro's new Dockstream RFID Smart Fountain, cat parents can ensure their feline family members have access to clean water, while promoting proper hydration.

The Dockstream RFID Smart Fountain is the elevated pet fountain that knows cats by name. Backed by RFID recognition technology, the fountain can track each individual pet's volume, frequency, and duration of water intake with RFID collar tags. All the data can be conveniently viewed through the Petlibro app. Additional premier capabilities include:

The snap-release collar tag with a QR code for access to pet owners' contact information.
Real-time alerts from the Petlibro app, such as irregular hydration.
The detachable tank with "pump-free" design for increased safety and easier cleaning.
A four-layer filtration system that ensures water is clean.
A whisper quiet operation at below 23dB which is hardly noticeable.

Apple turns on support for Tap to Cash NFC peer-to-peer mobile payments

Apple Watch and iPhone users in the US can now utilize Apple’s Tap to Cash service for peer-to-peer money transfers via NFC. Additionally, the new Tap to Provision service allows users to add a payment card to Apple Wallet using NFC.

Launched in June, Tap to Cash became available with the release of iOS 18 and watchOS 11 on September 16.

“With Tap to Cash, users can send and receive Apple Cash by holding two iPhone devices together, without needing to share phone numbers,” Apple explained at launch. “This service is perfect for paying someone back at dinner or making a purchase at a garage sale.”

Users can transfer between $1 and $2,000 per transaction, with a rolling seven-day maximum transfer limit of $2,000.

Wavelynx Showcases Mobile Wallet Solution at GSX

Wavelynx Technologies, a trailblazer in advanced, secure, and versatile reader and credential solutions, showcases its Wallet solution at the Global Security Exchange (GSX) trade show in Orlando, FL, September 23-25, 2024.

Wavelynx Wallet transforms mobile devices into secure credentials, bringing access control into the mainstream and paving the way for future credential management. The system enhances security across various facilities and introduces a new level of convenience, reflecting society's shift toward wallet and mobile-based solutions for all aspects of daily life.

Introducing Wavelynx Wallet a solution that transforms mobile devices into secure credentials, bringing access control into the mainstream and paving the way for future credential management.
Introducing Wavelynx Wallet a solution that transforms mobile devices into secure credentials, bringing access control into the mainstream and paving the way for future credential management.
In 2021, over 7.1 billion people used mobile devices; in 2022, 3.4 billion users (42%) utilized digital wallets. This trend projects to continue, with digital wallet users expected to reach 5.3 billion by 2026, highlighting the global shift towards a mobile-first culture. This rapid consumer adoption, driven by the security, convenience, and improved usability of digital wallets in everyday transactions, underscores the need for universal and pervasive wallet solutions in the access control industry.

Wavelynx Wallet has been deployed with end users across four continents—North America, India, the UK, and Australia— at some of the world's largest financial and technology institutions. Key features of Wallet includes:

Seamless Integration: Wallet enables access to doors, elevators, parking garages, lockers, printers, and more, through major mobile wallet platforms. It is fully compatible with Wavelynx Ethos readers, ensuring a cohesive and user-friendly experience. Additionally, Configure by Wavelynx facilitates effortless setup and management of digital wallets in the field, eliminating the need for physical configuration cards.
Enhanced Security: Wallet offers robust security features, including the ability to instantly deactivate credentials if a mobile device is lost or stolen. This capability significantly reduces the risks associated with lost or compromised physical access badges, ensuring continuous facility security.
Convenience and Simplicity: Wallet streamlines operations by removing the need for card printing and physical distribution. Credential management and issuance can be handled remotely by simply providing a link to download their credential, enhancing efficiency for both employees and visitors.
Scalability: Designed with flexibility in mind, Wallet supports a variety of physical reader manufacturers, integrating seamlessly with existing security systems and adapting to a range of facility needs.
Wavelynx successfully deployed digital wallets for NFC access at Stream Realty Partners' RiverSouth in Austin, Texas. This implementation enabled employees and tenants to access the building and amenities securely and conveniently using their company badges in their respective digital wallets. Integrated via SwiftConnect's AccessCloud platform and supported by credential readers from rf IDEAS, Wavelynx's advanced readers, and Vecos smart lockers, the solution significantly improved both operational efficiency and security across the facility.

Truvami Unveils Flexible Smart Label Powered by Ambient Light at The Things Conference in Amsterdam

truvami, a Swiss-based startup supported by Swisscom Broadcast AG, is set to showcase its Smart Label technology at The Things Conference in Amsterdam on September 25–26. This innovative solution leverages LoRaWAN and organic photovoltaic (OPV) technology to deliver precise indoor and outdoor localization, transforming the logistics and asset tracking landscape.

truvami’s Smart Label is designed to revolutionize the logistics and asset tracking industry by offering a flexible, easy-to-mount solution that seamlessly integrates with existing supply chains. Unlike traditional labels that require manual scanning, truvami’s Smart Label autonomously transmits location data and other vital information—such as temperature and shock/movement—to a cloud application via wireless communication. This touchless process significantly enhances efficiency across supply chains, internal logistics, manufacturing processes, and asset management within buildings.

The Smart Label leverages organic photovoltaic (OPV) technology, developed by the French deep-tech company Dracula Technologies, to reduce operational expenses associated with battery charging or replacement. OPV cells printed onto a thin film harvest ambient light from their immediate environment and transform it into energy, eliminating the need for batteries and ensuring a sustainable and highly reliable long-lasting power source.

truvami’s labels are crafted from flexible, thin-film materials that resemble traditional paper, barcode, or RFID labels, making them easy to adopt without altering existing workflows. Moreover, the reusable nature of the Smart Labels reduces waste, offering a sustainable alternative to disposable labels currently prevalent in the industry.

The LoRaWAN-based tracker provides accurate localization both indoors and outdoors. Co-developed with the Swiss technology center CSEM, the technology incorporates a particle based RSSI algorithm that achieves location accuracy within several meters using LoRaWAN® beaconing. CSEM, renowned for its expertise in AI-based, robust, secure, and ultra-low-power connected platforms and vision sensing systems, has been instrumental in enhancing the Smart Label’s capabilities.

The collaboration between CSEM, Dracula Technologies and truvami underscores a commitment to innovative, sustainable solutions in the tech industry. By combining expertise in energy harvesting, wireless communication, and advanced localization algorithms, the Smart Label represents a significant advancement in asset tracking technology.

Medline introduces wetness sensing technology to provide real-time incontinence episode alerts

Medline, a manufacturer and supplier of medical supplies and solutions, announced new user-friendly technology for incontinence management called FitRight CONNECT Wetness Sensing System. The solution combines special briefs, a sensor pod and real-time alerts to provide data that takes the guesswork out of incontinence management and helps skilled nursing home residents stay dryer longer.

The FitRight CONNECT Wetness Sensing System briefs and sensor pod provide real-time data on residents’ voiding patterns, including the time each wetness event occurred, the amount of time residents spent in each brief, and the amount of time before a clean brief was applied.

The FitRight CONNECT Wetness Sensing System briefs and sensor pod provide real-time data on residents’ voiding patterns, including the time each wetness event occurred, the amount of time residents spent in each brief, and the amount of time before a clean brief was applied.

Studies show that the prevalence of incontinence among nursing home residents is as high as 83.7%. Adult briefs are an important part of managing incontinence management, but are often used incorrectly due to a lack of understanding of regular urinary patterns among residents. Depending on a caregiver's availability, residents may spend hours in a wet brief, increasing the risk of developing dermatitis or incontinence-associated dermatitis (IAD).

The Wi-Fi enabled FitRight CONNECT Wetness Sensing System provides real-time data on residents' voiding patterns, including the time each wetness event occurred, the amount of time residents spent in each brief, and the amount of time before a clean brief was applied. This data helps identify the real change rate per resident, potential toileting times, caregiver workflow patterns, and the need for changes in residents' plan of care. Utilizing the dashboard data has proven to be instrumental in conversing with family members about the incontinence care provided for their loved ones.

Bayley began trialing FitRight CONNECT in one unit with 25 long-term care residents with plans to roll it out to additional units to help improve incontinence management protocols. The technology has helped Bayley reduce time residents spend in soiled briefs by 36.9 percent and the average response time to a brief change was 31 percent faster in the first few weeks.

NextNav Argues its Case for Lower 900 MHz Band

NextNav, a terrestrial GPS technology company, has addressed initial feedback from the tech industry regarding its petition to the Federal Communications Commission (FCC) for access to the lower 900 MHz band.

Filed in April, the petition seeks to increase the power level, bandwidth, and priority of NextNav’s licenses in the 902-907 and 918-928 MHz bands in the U.S. This spectrum is currently utilized by UHF RFID, Z-Wave, LoRa, and other wireless technologies. NextNav also aims to implement 5G connectivity over this bandwidth.

So far, 907 responses have been posted, including feedback from industry associations, tech firms, end users, and hobbyist developers. Although the initial comment period ended on September 5, follow-up comments are being accepted until September 20.

Most responses express concerns that the proposed changes would negatively impact “Part 15” devices already using the lower 900 MHz band, potentially disrupting services in sectors like healthcare, defense, aerospace, retail, and tolling.

RFID Chips Market Size to Surpass USD 23.2 Billion by 2031 and Growing at 12.3% CAGR

The global RFID chips market is estimated to flourish at a CAGR of 12.3% from 2024 to 2034. Transparency Market Research projects that the overall sales revenue for RFID chips is estimated to reach US$ 23.2 billion by the end of 2031.

A prominent driver is the increasing focus on sustainability. With growing environmental concerns, companies are seeking RFID solutions that minimize environmental impact. This includes the development of eco-friendly RFID tags and chips made from biodegradable materials, as well as the implementation of energy-efficient RFID systems.

An emerging driver is the adoption of blockchain technology in conjunction with RFID. Blockchain provides a secure and transparent platform for tracking and managing RFID data, enhancing data integrity and trust in supply chain operations. By combining RFID and blockchain, companies can ensure the authenticity and provenance of products throughout the supply chain, addressing concerns related to counterfeit goods and ensuring regulatory compliance.

The rise of edge computing is influencing RFID chip adoption. Edge computing enables real-time data processing and analytics at the point of data capture, reducing latency and bandwidth requirements. This allows for more efficient RFID data management and decision-making, particularly in fast-paced environments such as retail and logistics.

Agriculture Sensing and Monitoring Devices Market to Grow by USD 620.7 Million (2024-2028)

The global agriculture sensing and monitoring devices market  size is estimated to grow by USD 620.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.37%  during the forecast period.  

Rising global population boosting food demand is driving market growth, with a trend towards growing developments in agriculture sensing and monitoring devices.

The agriculture sensing and monitoring devices market is witnessing notable growth due to technological advancements. CropX Technologies and Reinke Irrigation recently introduced the Reinke Direct ET sensor, which mounts on center pivot irrigation systems to provide farmers with real-time, precise Evapotranspiration (ET) values for optimized irrigation. GroGuru launched an advanced wireless soil sensor probe, featuring six sensors at various soil depths for continuous root zone monitoring in annual field crops. This technology, equipped with GroGurus patented wireless underground system (WUGS), offers detailed, real-time insights into soil conditions for effective water management. These innovations underscore the progress in agriculture sensing technologies, enabling farmers to manage resources efficiently and sustainably, fueling the expansion of the global agriculture sensing and monitoring devices market. (Exact word count: 50)

Agriculture sensing and monitoring devices are transforming modern farming practices. These devices use various sensors like optical, electrochemical, mechanical, and physical to monitor soil, water, crop health, and livestock. Soil monitoring helps in understanding soil properties for better crop management. Disease and pest control are ensured through sensors that detect early signs of infestations. Irrigation and water management systems use sensors for efficient use of resources. Smart greenhouses and fish farms are monitored for optimal growth conditions. Bio-acoustic sensors detect animal behavior for improved livestock management. Yield mapping and real-time decision-making are essential for agricultural production and technology practices like precision agriculture and intensification. Location sensors, satellite and drone remote sensing, ground IoT data, and wireless platforms provide valuable insights for farmers. All these sensors enable farmers to make informed decisions, improve yields, and enhance agricultural productivity.

The global agriculture sensing and monitoring devices market faces a significant challenge due to the high initial costs associated with adopting these technologies. The expense for integrating advanced systems can be substantial, acting as a barrier for farmers, particularly those with limited financial resources. Costs vary depending on the technology's features and scale. Comprehensive record-keeping systems, which track crops, harvests, and expenses, cost between USD25,000 and USD35,000. Basic analytics tools, generating reports and visualizing data, range from USD15,000 to USD20,000. Weather forecasting systems, crucial for planning and decision-making, cost between USD5,000 and USD10,000.

Agriculture sensing and monitoring devices are essential tools for modern farming, enabling farmers to optimize production and conserve resources. However, challenges exist in various sectors. Harvest management and smart farming techniques require real-time monitoring of environmental conditions, soil condition, and crop health. Environmental regulations demand accurate detection of water contamination, pesticide residues, and nutrient shortages. Indoor farming and climate control call for IoT-enabled devices and high-tech irrigation tools. Automation and labor reduction bring challenges in infrastructure support and skilled labor force. Drought stress, disease attacks, and precision farming methods add complexity to sensing and monitoring needs. Sports turf segment and protected cultivation require specialized monitoring devices. Sensor-based technologies, cellular devices, and weather forecasting are key to smart agriculture. Overall, agriculture sensing and monitoring devices are crucial for optimum production, productivity, and crop yield in the face of food demand, arable land, and various environmental pressures.

Google to use digital driver’s licenses to verify the age of website users

A trial for the Digital Credentials API is starting from Chrome 128. Digital Credentials API is a new web platform API that allows websites to selectively request verifiable information about the user through digital credentials such as a driver's license or a national identification card stored in a digital wallet.

Real world digital identity is becoming a reality with many public and private entities starting to issue device-bound digital credentials. For example, mobile driver's licenses and IDs in select US states (such as Arizona, California, Colorado, Georgia, and Maryland) can now be provisioned to digital wallet apps such as Google Wallet on mobile devices. Regulations concerning the acceptance of digital credentials for certain online verifications are also emerging and eIDAS 2.0 is one example.

The features of a digital credential depend on its format, though they typically include:

    Enhanced security and privacy: The use of advanced encryption and strong authentication methods helps protect sensitive data and ensures secure access. For example, presenting a credential is usually protected behind a user authentication through the wallet app.
    Selective disclosure: Relying parties (RP) can request select information from the credential, allowing users to limit the data shared to what is needed for the use case. For example, whether a user is over 18 can be shared without revealing the user's date of birth.
    Interoperability: The credential should adhere to international standards, enabling compatibility across different systems and countries, facilitating cross-border acceptance.
    Verifiability: The credential data shared is digitally signed by the issuer; RP can verify this signature to verify the data's authenticity.

Because of digital credentials' verifiable nature, they could enable use cases such as:

    Age verification: Request age to verify a person's age before serving age-restricted content or purchasing age-restricted items.
    Identity verification: Request name and address to verify a person's identity for legal compliance or fraud-prevention.
    Driving privileges check: Verify a person's eligibility to drive (for example, when renting a car).

As websites have begun communicating directly with mobile wallet applications (such as by using custom URL schemes) to request digital credentials for various use cases, browsers see an opportunity to make this interaction more secure, resistant to abuse and easier to use via a purpose-built API.

The Digital Credentials API is a new web platform API that allows RP websites to request the presentation of digital credentials from wallet apps. The API is available in Chrome as an origin trial starting from Chrome 128.

5G Base Station Market to Grow by USD 120.98 Billion (2024-2028) Driven by IoT Device Adoption

The global 5G base station market  size is estimated to grow by USD 120.98 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  38.81%  during the forecast period.  Rising adoption of IoT devices is driving market growth, with a trend towards growing construction of 5g base stations.

The construction of 5G base stations is a significant factor fueling growth in the global 5G base station market. The increasing adoption of 5G networks in various industries, such as automotive and telecom, is leading to increased investment in private 5G networks and base stations. Telecom operators, businesses, and governments are heavily investing in 5G infrastructure to meet rising consumer demands and enable innovative applications. This investment is driving a rapid increase in the number of deployed base stations. 

For instance, GLOBE TELECOM, INC., the largest mobile network operator in the Philippines, announced the deployment of 356 new 5G base stations in 2023. Similarly, JSC Kazakhtelecom plans to build over 7,000 5G base stations by the end of 2025. The growing adoption of 5G-enabled devices necessitates more base stations for wide coverage and capacity. New 5G base station designs are more compact and efficient, making deployment easier and cost-effective. Consequently, the increasing deployment of 5G base stations is expected to continue fueling the growth of the global 5G base station market during the forecast period.

The 5G base station market is experiencing significant growth due to the rollout of Next G activities and the increasing demand for high-speed data. With 5G networks offering higher bandwidth and faster data speeds, there is a increase in 5G subscriptions. This trend is driven by the widespread use of smartphones, IoT devices, and consumer electronics. Regulatory protocols are being established to ensure smooth installation and integration of 5G base stations, including small cells, microcells, femtocells, and picocells. Memory and storage requirements, fiber optic cables, and network function virtualization are key considerations for 5G base station infrastructure. 

The adoption of 5G-enabled smart devices is fueling the need for high-speed network connectivity. User satisfaction is a top priority, with low latency a key selling point for 5G. Industries such as industrial internet, smart grid, autonomous driving, robotic surgeries, public safety, and smart cities are set to benefit from 5G's advanced technologies, including augmented reality (AR) and virtual reality (VR).

EMVCo adds reduced range testing process for contactless payments acceptance on standard NFC devices

EMVCo has introduced a dedicated testing approval process designed to promote a more seamless experience when smartphones and other handheld mobile devices are used to accept contactless payments.

TapToMobile, also known as softPOS, Tap on Phone, Tap on Mobile, Tap to Phone and Tap to Pay, allows merchants to accept contactless payments directly on near field communication (NFC)-enabled consumer and enterprise devices, without the need for an additional connected device, dongle or attachment.

The quality of the TapToMobile user experience is dependent on NFC read ranges, which determine how close and precisely positioned the payment device needs to be to the acceptance device for payment information to flow.

While traditional terminals have a high read range, consumer and enterprise devices – which were not designed with payments as their primary function – are more limited. To address this challenge and promote a good user experience, EMVCo has defined minimum acceptance criteria and developed a supporting ‘reduced range’ approval process to evaluate the performance of consumer and enterprise devices for contactless payment acceptance.

Next-Generation Data Storage Market to Grow by USD 29.2 Billion from 2024-2028, Driven by IoT and Big Data Demand

The global next-generation data storage market size is estimated to grow by USD 29.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.08% during the forecast period.

Next-Generation Software Defined Storage (SDS) is a modern approach to enterprise data storage that separates software services, such as data administration, safety, and input/output capabilities, from hardware services. This separation enhances infrastructure flexibility, scalability, and automation capabilities. SDS also pools resources, abstracts hardware, and automates management, while supporting legacy applications, big data analytics, and cloud-based data apps. Vendors like EMC, NetApp, and IBM offer SDS-enabled infrastructure, making it a cost-effective alternative to reconfiguring existing arrays. Adopting new SSD arrays is more affordable than upgrading existing ones. SDS is increasingly essential due to the growing need for efficient data storage.

The Next-Generation Data Storage Market is experiencing significant growth due to the exponential increase in digital data production from mobile devices, smart wearables, connected devices, and the Internet of Things. With the rollout of 5G technology, faster data transfer and lower latency are becoming essential for data-driven applications, analytics, and automated systems. The expansion of e-commerce, banking services, financial services, and online shopping is leading to massive amounts of less structured data. Security breaches, configuration errors, and poor user rights pose serious data security issues, making cloud storage and server services increasingly popular. Higher storage capacity, scalability, and flexibility are key requirements for large-scale industries handling corporate information, patient information, and financial data. The market is responding with high-speed data storage solutions, automatic cloud backups, and ransomware attack protection. The industry is poised for continued expansion as the world becomes more digitized.

Oracle Helps Healthcare Organizations Automate Inventory Management with RFID

Oracle announced a new replenishment solution in Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) to help healthcare customers optimize inventory management. The new RFID for Replenishment solution in Oracle Fusion Cloud Inventory Management, part of Oracle Cloud SCM, utilizes RFID technologies from Avery Dennison, Terso Solutions, and Zebra Technologies to automatically capture usage, update stock balances, track location, and trigger restocking of supplies and materials. RFID for Replenishment helps healthcare organizations increase productivity, expand inventory insights, and prevent delays by helping ensure the right amount of stock is in the right location at the right time.

With RFID for Replenishment in Oracle Inventory Management, healthcare organizations can:

    Track medical supplies: Helps organizations track a range of different medical supplies with either RFID-tagging for high-value non-implantable items; RFID-enabled cabinet, refrigerators, and freezers for items with specific climate requirements; or RFID-enabled Periodic Automatic Replenishment (PAR) bins for lower value supplies.
    Automate replenishment: Helps organizations eliminate manual product counts and automate restock by using RFID-enabled tagging, cabinets, and PAR bins to automatically create supply replenishment requests in Oracle Inventory Management.
    Gain real-time inventory visibility: Helps organizations maintain accurate stock counts by triggering a usage update as soon as an item has been removed from an RFID-enabled storage location.
    Reduce human error: Helps organizations reduce errors in lot and serial number reporting and maintain an accurate view of stock levels by fully automating inventory management.

Smart Parking Market in Western Europe to Grow by USD 2.63 Billion (2024-2028)

The smart parking market size in Western Europe is estimated to grow by USD 2.63 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  18.03%  during the forecast period. Integration of advanced technologies in smart parking is driving market growth, with a trend towards integration of ev charging stations with smart parking systems.

In Western Europe, the integration of electric vehicle (EV) charging stations within smart parking systems is addressing the increasing demand for EV infrastructure. Smart parking spaces are now equipped with sensors to detect occupancy and charging status, enabling real-time data management. Drivers can use mobile applications to locate available parking spots with charging stations, make reservations, and manage payments. Cities and private operators support the growth of EVs by providing accessible charging infrastructure, contributing to environmental sustainability goals. Siemens AG's E-Car Operation Centre (E-Car OC) software manages charging infrastructure in public parking garages and lots, allowing flexible and future-proof management of charging stations from various manufacturers. SKIDATA AG offers integrated EV charging solutions for smart parking facilities, attracting more EV drivers and generating additional revenue. In March 2022, SKIDATA AG launched an integrated solution named "Charge," combining ePlug charging stations with the 'Parking.Logic' smart management system, enabling customers to pay for parking and charging together. These advancements support the growing demand for EV charging infrastructure, enhance user convenience, and contribute to sustainable urban mobility, driving the growth of the smart parking market in Western Europe.

The Smart Parking Market in Western Europe is witnessing significant growth due to the increasing demand for efficient parking solutions in commercial and residential complexes. Smart city initiatives, parking guidance systems, and reservation systems are trending in this market. Residential buildings, hospitals, hotels, shopping centers, universities, and parking garages are major users of these solutions. SMS and live updates provide convenience for parking operations. Autonomous cars and driverless vehicles are expected to increase the demand for smart parking systems. RFID tags and License Plate Recognition are commonly used for identification.

The BirdWatch parking system and IoT-based cloud platform offer analytics solutions for optimizing parking operations. OEMs, municipalities, and urban areas are investing in ultrasonic sensors and RFID technology for off-street parking. The commercial and government segments are the major consumers in this market. Vehicle sales and the urban population growth are driving factors.

emnify Revolutionizes IoT Connectivity in Brazil With Single SIM Card and Full National Coverage

emnify has launched a new solution that guarantees full coverage across all of Brazil using SIM cards with single IMSIs and local numbering. This initiative was made possible thanks to emnify’s partnership with Claro, one of the country’s largest telecommunications companies, which supports 2G, 3G, and 4G technologies and to ANATEL’s (National Telecommunications Agency) approval of the Roaming ORPAs (Wholesale Products Reference Offers) – an important achievement for the national market.

This project reinforces emnify’s commitment to the country, positioning the company at the forefront of technology for the benefit of the entire Brazilian market. Since 2023, emnify has been consolidating its presence in Brazil as a Mobile Virtual Network Operator (MVNO), with a robust sales and customer service structure, as well as the local manufacturing of its SIM cards through a partnership with Idemia.

These strategic agreements, combined with emnify’s SuperNetwork, provide businesses across Brazil with a simple, cutting-edge connectivity solution, enabling access to over 540 networks in 180 countries through a single SIM card, regardless of geographical borders.

emnify’s roaming-enabled solution changes the game in IoT connectivity in Brazil, offering unprecedented reliability and national coverage in the Brazilian market. This breakthrough not only fosters operational efficiencies, but also encourages innovation, promoting transformative growth in all industries that rely on IoT technology.

Global market for Data Center RFID projected to reach US$9.0 Billion by 2030

The global market for Data Center RFID was estimated at US$1.6 Billion in 2023 and is projected to reach US$9.0 Billion by 2030, growing at a CAGR of 28.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Data Center Radio Frequency Identification (RFID) technology is revolutionizing the way data centers manage and track their assets, including hardware components like servers, HDDs, and networking equipment. By utilizing wireless communication through radio waves to transfer data, RFID tags attached to data center assets enable automatic identification and tracking, significantly reducing the manual labor associated with asset management.

This technology provides real-time visibility into asset status, location, and history, which is crucial for optimizing asset utilization and streamlining inventory processes. The integration of RFID systems in data centers enhances operational efficiency by automating asset tracking, improving accuracy in inventory management, and reducing the risks of human errors, which are common in manual audits.

RFID technology in data centers not only simplifies asset management but also enhances overall operational efficiency by providing a seamless approach to monitoring and maintaining critical infrastructure. The ability of RFID systems to track the lifecycle of each component - from procurement to disposal - enables data center managers to make informed decisions about asset refresh cycles and maintenance schedules.

Moreover, RFID tags can store maintenance histories and configuration information, allowing for quick troubleshooting and less downtime during repairs or upgrades. The technology also plays a pivotal role in enhancing security measures; for instance, RFID can help ensure that only authorized personnel have access to sensitive equipment, thereby enhancing physical security protocols within the facility.

Despite its benefits, the implementation of RFID technology in data centers comes with challenges that can impede its adoption. One of the primary concerns is the initial cost of setting up an RFID system, which includes expenses related to tags, readers, and software integration. There is also the complexity of integrating RFID data with existing data center management systems, which may require significant customization or upgrades to software.

Furthermore, the effectiveness of RFID can be limited by environmental factors within the data center, such as metal interference or radio wave disruptions, which can affect the accuracy and reliability of data transmission. Overcoming these technical and financial hurdles is crucial for data centers to fully leverage the advantages of RFID technology.

The growth in the data center RFID market is driven by several factors, including the increasing demand for efficient data center operations and the rising need for accurate asset management solutions. As data centers continue to expand and the volume of assets increases, the efficiency of managing these assets becomes more critical. RFID technology offers a robust solution by enabling precise tracking and management of thousands of assets in real-time.

Additionally, the growing focus on reducing operational costs and enhancing data security further fuels the adoption of RFID systems in data centers. The integration of IoT and smart technologies into data center ecosystems also complements the use of RFID, as these technologies rely on accurate data for analytics and decision-making processes. Moreover, as companies increasingly prioritize compliance with industry regulations and standards, RFID helps ensure that asset management practices meet these requirements. These technological advancements, along with economic pressures and regulatory demands, collectively propel the expansion of the RFID market in data centers, highlighting its significant role in the future of data center asset management.

PayPal sets out vision for PayPal Everywhere with NFC

PayPal is set to swiftly leverage Apple’s newly accessible iPhone NFC capabilities as part of its omnichannel payments strategy, according to President and CEO Alex Chriss.

'We’ll begin in one European country this fall and expand over time. If it proves successful in the US, we’ll implement it there as well,' Chriss shared at the Goldman Sachs Communacopia + Technologies event.

Chriss’ remarks followed earlier hints about PayPal’s plans to utilize Apple’s NFC functionality for an NFC-enabled mobile wallet. This coincides with the recent launch of PayPal Everywhere, an omnichannel payments initiative currently in beta.

As part of this initiative, PayPal is enhancing its rewards program, offering 5% cashback on purchases within a selected merchant category for in-store payments. Top categories include groceries and gas, areas traditionally not associated with PayPal.

Additionally, customers can now add their PayPal Debit Card to Apple Wallet and use it with Apple Pay, providing more payment options.

Identiv Completes Sale of its Physical Security Business

Identiv announced the successful conclusion of its previously announced asset sale transaction with Vitaprotech, a security solutions provider. Upon closing the transaction, Identiv received a cash payment of approximately $144.2 million, subject to further customary adjustments, and Kirsten Newquist, formerly Identiv’s President, IoT Solutions, succeeded Steven Humphreys as the Company’s CEO.

As announced on August 8, 2024, management continues to expect fiscal Q3 2024 revenue from continuing operations to be in the range of $5.8 million to $6.1 million. Management will not be providing an update to its previous outlook for total revenue from continuing operations and revenue included in discontinued operations since the asset sale transaction closed prior to the end of fiscal Q3 2024.

Imperial Capital LLC served as financial advisor and Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to Identiv.

Beacon Market to Grow by USD 31.34 Billion by 2027

The global beacon market size is estimated to grow by USD 31.34 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of about 58.12% during the forecast period. Augmented adoption of beacon technology by diversified end users is driving market growth, with a trend towards rising demand for indoor positioning and indoor navigation (IPIN) systems.

IPIN technology utilizes sensors, magnetic positioning, and Bluetooth Low Energy (BLE) technology to provide precise indoor positioning. Notable organizations, including Apple, American Airlines, Lord and Taylor, Walmart, The Coca-Cola Company, Macys.com, and Beiersdorf AG Nivea, have already adopted this technology for various applications. IPIN apps, which use location data to engage consumers, offer real-time directions, location-based advertising, social networking, and real-time tracking. While Global Positioning System (GPS) is effective for outdoor environments, it falls short for indoor positioning. Indoor location-based services (LBS) employ a combination of technologies, such as WiFi, infrared, ultrasound, WLAN modems, magnet positioning, radio frequency identification (RFID) tags, and BLE beacons, to track people or objects indoors and offer navigation within buildings. The increasing demand for IPIN technology, confined to limited spaces, is expected to boost the market's growth during the forecast period.

iBeacon technology, utilizing Bluetooth smart signals, is trending in proximity marketing. This geolocation method sends promotional notifications to smart devices within the proximity zone. IBeacons consume battery and require managing assets for optimal resource usage. Beacon protocols like Eddystone ensure safety and security concerns are addressed. Proximity marketing in shopping malls and transportation and logistics is growing, with nascent stage technologies like Ultra-Wideband and Zigbee emerging. Coin-sized and keychain beacons offer convenience, while plug-in beacons cater to larger spaces. Communication range and competitive strategies are key benchmarks. Data security and wireless networks are important considerations. Beacons are used in shopping carts and wayfindr for impairments, providing audio-based directions. Market penetration and evaluation in mature segments and emerging lucrative markets are ongoing. Competitive assessment and technological advancements continue to shape this industry.

SwitchBot Unveils its Innovative Wallet Finder Card for Effortless Tracking

SwitchBot, a rising brand in smart home retrofitting and automation, unveils its latest innovation, the Wallet Finder Card, which is the perfect Find My device for a wallet. This thinnest and most versatile smart tracker is designed to keep your valuables safe and within reach, and revolutionize how to keep track of belongings with smart home integration.

SwitchBot Wallet Finder Card is engineered to be incredibly slim, measuring in at just 2.5mm in thickness, just like a coin. Keeping it more suitable for wallets and card bags compared to other tracking devices like the AirTag, and is easy to attach to items like luggage and backpacks. Its sleek and compact design makes it the ideal choice for anyone looking to keep track of their valuables without adding bulk.

Wallet Finder Card supports Apple's native Find My network and users can benefit from:

No additional app needed: Offers global precise positioning without the need for additional app downloads.
78dB sound alerts: Easily locate lost items with route guidance and sound alerts.
Proximity reminders: Users can receive instant notifications via smartphone if their items leave their vicinity.
Family sharing: Effortlessly share tracking functionality with family and friends for collective peace of mind.
Device locating: Find your smartphone or tablet by simply pressing your card button twice to make it emit a sound.
Smart Home Integration with Excellent Versatility

SwitchBot Wallet Finder Card isn't just for tracking. It can also serve as a home key, supporting NFC card functionality when used with SwitchBot Keypad/Keypad Touch, even when the Wallet Finder Card's battery is fully depleted.

Additionally, it can act as a Bluetooth location card when linked with a SwitchBot Hub, enabling automated home controls such as turning on lights or adjusting air conditioning as users approach home.

Sensor market projected to grow by USD 422.7 billion from 2024-2028

The global sensor market size is estimated to grow by USD 422.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  21.92%  during the forecast period. Rise in demand for IoT technology-based devices is driving market growth, with a trend towards rise in adoption of wearable devic.

Wearable gadgets, including smartwatches, smart bands, and headsets, have become increasingly popular in the consumer electronics industry. These devices, which are designed to be worn on the body, offer intelligent operation capabilities. In the healthcare sector, wearable electronics featuring sensors have gained significant traction, particularly in developing economies. Sensors, such as those found in fitness trackers, pulse oximeters, and medical-grade wearables, provide real-time health monitoring solutions with benefits like high accuracy, compact size, and resistance to electromagnetic radiation. The global sensor market is poised for growth due to the rising adoption of these devices.

The sensor market is thriving with innovative technologies like Humidity sensor tech, led by Molybdenum sulfide (MoS2), reducing detection time. Sensor components such as microcontrollers, transceivers, amplifiers, ADC & DAC, and NEMS are key players. Industries like Industrial IT & telecom, Aerospace & defense, and Consumer electronics are major consumers. Trends include Luna Ring tech for noise reduction, Glucowear for healthcare, Sensirion for surveillance cameras, and RFID sensors for retail. NEMS sensors in IT/telecom, industrial sector, and aerospace & defense sector are game-changers. Smart devices, healthcare, security, automotive, and industrial sensors market are growing. Smartphone OEMs and biomedical applications use MEMS technology-based sensors. Weather forecast systems and IoT platforms also leverage sensor tech.

AIoT Platform Market to Reach $424 Billion, Globally, by 2032

According to a new report, the AIoT platform market was valued at $27.7 billion in 2023, and is estimated to reach $424 billion by 2032, growing at a CAGR of 35.8% from 2024 to 2032.

The surge in digitalization, rise in need for intelligent transportation systems, and increase in the adoption of advanced technologies drive the growth of the market. In addition, surge in adoption of IoT devices, advancements in AI technology, and growth in demand for automation are expected to fuel the growth of the market during the forecast period. Furthermore, expansion of AIoT applications in various industries, such as healthcare, agriculture, and retail, is expected to provide lucrative growth opportunities for the market in the upcoming years. However, data privacy & security concerns and lack of standardization in data formats, communication protocols, & networks are expected to hamper the market growth.

By offering, the solution segment held the major share in 2023, garnering less than two-thirds of the global AIoT platform market revenue. AIoT platform market is rapidly evolving owing to the increasing demand for edge computing, which involves processing data closer to the source rather than sending it to a centralized data center. The services segment is expected to witness the fastest CAGR of 38.7% during the forecast period, owing to services reducing the time and costs associated with optimizing systems in the initial phase of deployment, as services help to deploy and integrate distinct solutions in an enterprise ecosystem.

By solution type, the device management segment contributed to the highest share in 2023, accounting for more than half of the global AIoT platform market revenue. AIoT can help streamline device management by providing real-time insights into device performance, identifying issues and anomalies, and predicting maintenance needs. The application management segment is expected to witness the fastest CAGR of 38.6% throughout the forecast period, owing to ensuring that applications run smoothly, are secure, and meet the needs of the organization. With the growing complexity of modern technology, application management has become increasingly important and challenging.

By industry vertical, the manufacturing segment accounted for more than one-fifth of the global AIoT platform market share in 2023 and is expected to remain dominant by 2032, owing to monitoring and analyzing production processes in real time. These platforms can detect defects or anomalies, enabling quick action to prevent product quality issues. This reduces the risk of product recalls and associated costs. The transportation and logistics segment is expected to display the fastest CAGR of 40.7% throughout the forecast period, owing to increase in adoption of autonomous vehicles and drones. AIoT platforms can enable these vehicles to navigate and operate autonomously, improving safety and efficiency while reducing costs.  

By end user, the B2B segment accounted for nearly half of the global AIoT platform market share in 2023, and is expected to display the fastest CAGR of 37.5% from 2024-2032. With AIoT platforms, B2B enterprises can unlock new opportunities, drive competitive advantage, and accelerate digital transformation in a rapidly evolving market landscape.  

By region, North America garnered the highest share in 2023, accounting for more than one-third of the global AIoT platform market revenue in 2023, and is projected to retain its dominance by 2032, owing to the increase in adoption of IoT devices, advancements in AI technology, and the growth in demand for data analytics and automation in various industries in the region. The Asia-Pacific region is expected to witness the fastest CAGR of 42.0% during the forecast period, owing to strong technological capabilities, encouraging governmental regulations on advanced technologies such as AI, ML, automation and IoT.

Global Smart Lock Market is set for remarkable growth

The Global Smart Lock Market is set for remarkable growth, forecasted to expand from US$ 6.33 Bn in 2023 to US$ 13.14 Bn by 2030, progressing at a CAGR of 11.7%. In terms of volume, the market recorded 24.02 million units in 2023, highlighting a rising trend in smart security solutions.

The market's robust growth is primarily driven by the growing trend of the Internet of Things (IoT) and rising consumer awareness about the benefits of advanced security systems. Smart locks are becoming increasingly popular for their convenience and enhanced security features. However, the market faces challenges due to the high costs associated with smart locks, which could impede its widespread adoption.

Deadbolts dominate with over 36% share in 2023, while Lever Handles are witnessing the fastest growth. In terms of technology, Smart Card technology leads, holding more than 38% market share. The Residential sector emerges as a significant application area, generating revenue exceeding US$ 2.3 Bn in 2023. Geographically, North America holds the largest market share of over 34%, while Asia Pacific displays the highest CAGR of 13.45%.

The market comprises major players like Allegion plc, ASSA ABLOY AB, Samsung Electronics Co., Ltd., and Spectrum Brands Holdings, Inc. These companies, among others, play a pivotal role in shaping market trends through innovations and strategic developments.

North America, with its robust technological infrastructure and high consumer spending power, leads the market. The US, Canada, and Mexico are key contributors in this region. Asia Pacific, led by countries like China, India, and Japan, is the fastest-growing region, showing a high adoption rate of smart lock technologies due to increasing security concerns and technological advancements.

IoT Middleware Market worth $41.7 billion by 2029

The IoT Middleware Market is expected to reach USD 41.7 billion by 2029 from USD 18.5 billion in 2024, at a CAGR of 17.6 % during 2024–2029, according to a new report by MarketsandMarkets™.

loT Middleware market is largely driven by the growth of loT devices in different industries at a relatively higher growth rate. They are being employed in homes, industries, healthcare sector, transport sector, and many more other sectors. This implies that the more connected devices there are, the more difficult it becomes to manage them. loT Middleware can be understood as an intermediate layer that is designed to mediate interactions, data sharing, and device control in areas of various platforms anc devices. In this regard, it assists the organizations in compiling a host of loT devices and ensure they work in a coordinated manner, thus improving performance.

IoT has continued to increase in health care because of the adoption of implanted sensors, fast cellular networks such as LTEs and 3Gs, and wireless devices. This interconnection of sensors and devices ensures that healthcare organizations can coordinate clinical activities, monitor workflow, and even dispense patient care from the patient's home or any other location. Consequently, a great emphasis is placed on introducing solid applications and correlated technologies in healthcare. Integrated health technologies, which include using new points of care through IoT middleware solutions, are being embraced, including remote patient monitoring, health care worker and patient workflow management, medication management, and medical asset tracking. Some players are moving in this area, taking advantage of experience in the communications infrastructure essential for M2M communication. M2M has numerous uses in healthcare, such as cell phones with RFID-sensor features that can track medical indices and control medication.

Device Management platforms offer the necessary frameworks to ensure that connected devices are effectively managed and controlled. It allows real-time interaction across the connected devices with the hub application and the processed data transmissions. This often provides services like device onboarding, configuration, & monitoring and firmware update to help businesses to maintain massive IoT deployments. This also ensures that devices are properly functioning well, protected, and updated and thus reduce the incidences of breakages, losses, or delays. In addition, this platform also has extensibility to have new devices added in the future when the IoT network expands. The middleware platform addresses the management challenge for IoT devices making it easier for organizations to keep track of the health of the devices and security of their IoT infrastructure.

Carrucci Shoes Steps Ahead with RFID

When Carrucci Shoes received an RFID technology mandate from one of its retail partners last year, the company faced a decision: either attach RFID tags to products destined for the retailer and absorb the cost, or leverage the technology for its own internal benefits. Carrucci chose the latter, integrating RFID tags into every boxed pair of shoes to automate the receiving and shipping processes.

Using RFID4U’s TagMatiks Wedge solution, Carrucci has achieved the inventory accuracy necessary for online sales. This technology ensures that the correct products are shipped to retailers and provides the high level of inventory accuracy needed for e-commerce. The solution is cost-effective, offering up to 500 scans for free and includes a “success center” for live chat and support.

Since implementing the RFID system in May, Carrucci Shoes has reduced labor costs, increased inventory visibility for e-commerce, and minimized shipping errors, according to Janice Hu, operations director at Carrucci Shoes’ parent company, King Windsor Group.

Trasna IoT group acquires eSIM leader Workz

In a move that significantly expands its capabilities in the IoT space, Trasna Holdings, specialising in IoT communications, has acquired Workz, a pioneer in cloud-based eSIM solutions. The acquisition positions Trasna as one of the leading providers of current and future mobile IoT technologies such as SIM, eSIM and SoC.

Trasna, headquartered in Ireland and possessing operations across Europe, provides semiconductor capabilities and related system-on-chip (SoC) solutions. The integration of Dubai-based Workz adds expertise in eSIM and SIM hardware and software, including over-the-air services, manufacturing, and data management. In 2021, Workz established itself at the forefront of eSIM technology by becoming the first to launch a certified cloud-based eSIM management service. The platform currently hosts over 150 network operators worldwide and was, last year, heralded by Counterpoint Research as an important innovation for the industry.

The acquisition comes at a pivotal time in the cellular IoT market as the industry transitions from traditional SIM cards to eSIM (embedded SIM) and emerging System-on-Chip (SoC) technologies such as iSIM (integrated SIM). Demand for next-generation SIM solutions by telcos, device manufacturers and IoT providers is steadily growing with the advent of new technologies such as IoT and 5G. According to Counterpoint Research, over 9 billion devices with embedded or integrated SIM technology are expected to be shipped by 2030. The newly strengthened entity is designed to capitalise on this market opportunity.

Real-time Location Systems Market worth $15.79 billion by 2029

The global real-time location system market size is estimated to be USD 6.03 billion in 2024 and is projected to reach USD 15.79 billion by 2029, at a CAGR of 21.2% during the forecast period according to a new report by MarketsandMarkets. The demand for real-time tracking and visibility of assets and people across various industries has led to significant growth in the real-time location system market. The increasing need for safety and security in healthcare, education, oil & gas, and manufacturing industries also contributes to this growth. While real-time location system (RTLS) solutions may be more expensive than traditional tracking technologies, the emergence of innovative startups and customized solutions has increased market competitiveness.

RTLS solutions rely on a network of hardware to track the location of objects and people indoors, and the core components typically include readers, tags (or trackers), and, sometimes, access points. Readers are stationary devices placed throughout the monitored area that use radio waves or other signals to detect and receive data from RTLS tags, acting as the pillars of the system by capturing signals from tags, calculating their positions, and transmitting this data to the RTLS software for processing. Trackers, which are small, battery-powered devices attached to assets or people, carry identification information and potentially additional sensor data, with the RTLS system relying on their signals to pinpoint locations. Access points, optional in some RTLS deployments, act as relays that collect data from readers and forward it to the central RTLS software, improving data transmission efficiency and providing additional functionalities such as network management in expansive or complex layouts. These components are crucial for RTLS as they provide continuous location updates for real-time tracking, improve efficiency by optimizing workflows and automating tasks, and enhance safety by monitoring personnel in hazardous areas or tracking valuable equipment for security.

RFID is one of the most popular wireless standards used in RTLS. It detects electromagnetic fields transmitted by small electronic tags attached to objects. There are two main types of RFID technology-based tags—passive RFID tags, which have no battery, and active RFID tags, which have a battery. The main application of RFID technology is to detect or identify an object—the Stock Keeping Unit (SKU) number, the serial number, the number of items in a box, and more. Some typical RFID applications use readers mounted in fixed locations to detect tags as they move within the detection or scan range of a reader, and mobile handheld readers/scanners are also used to read RFID tags. The key advantage of RFID technology, which differentiates it from other wireless technologies, is the ability of RF signals to penetrate through walls and floors. RFID technology-based RTLS solutions also require significantly smaller and simpler space/infrastructure compared to Wi-Fi, UWB, IR, and ultrasonic technology-based systems.