Friday, May 17, 2024

Near Field Communication (NFC) Chips Market, 63% of Growth to Originate from APAC

The global near field communication (nfc) chips market size is estimated to grow by USD 3.08 billion from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 12.78% during the forecast period.

APAC - APAC is estimated to contribute 63%. to the growth of the global market. The Near Field Communication (NFC) Chips Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. In the Asia-Pacific (APAC) region, NFC ICs are in high demand, primarily due to the significant presence of Original Equipment Manufacturers (OEMs). These OEMs, operating across various industries, are driving the growth of the NFC chips market.

Leading smartphone manufacturers such as Huawei Technologies, Lenovo, LG Electronics, Newland Payment Technology, OPPO, OnePlus, Pax, Sony, and Samsung Electronics are among the major players incorporating NFC ICs into their products. The APAC region, known for its abundant OEMs and cost-effective production resources, particularly raw materials and labor, dominates the global NFC chips market.

Notably, countries like China, Taiwan, South Korea, and Japan serve as hubs for smartphone manufacturing, boasting a strong global market presence. The strategic establishment of production facilities by these manufacturers further solidifies APAC's position as a key player in the NFC chips market.

Europe IoT Market Will Generate Record Revenue of $12.30 Billion by 2031

The Europe IoT market size was valued at $2.19 billion in 2021, and is projected to reach $12.30 billion by 2031, growing at a CAGR of 19.0% from 2022 to 2031.

The cloud-based segment is expected to experience the fastest growth in the coming years, owing to higher adoption of the cloud platform. Organizations are developing and deploying new applications in cloud and moving existing assets at an increasing rate, which is expected to provide effective IoT solutions and maximize the market growth during the forecast period.

The IoT market in Europe is experiencing significant growth, driven by several key factors. Advancements in industrial-grade digital technology, coupled with a growing preference for cloud-based IoT software, are at the forefront of this expansion. Additionally, there is a rising demand for enhanced supply chain and customer relationship management solutions, further propelling the growth of IoT technologies across the region.

IoT is empowering individuals to live and work more intelligently, offering them complete control over their lives through smart devices that automate various aspects of their homes. This trend is increasingly becoming a primary need for customers, driving adoption rates higher.

Businesses are also benefiting immensely from IoT implementation. By providing real-time insights into operations, IoT technology offers a comprehensive understanding of system performance, ranging from machine efficiency to supply chain and logistics operations. This real-time visibility enables companies to make informed decisions, optimize processes, and enhance overall efficiency.

Furthermore, IoT facilitates process automation, leading to significant reductions in labor costs. By streamlining operations and minimizing waste, companies can improve service delivery while simultaneously lowering manufacturing and delivery expenses. Additionally, IoT solutions offer transparency into customer transactions, further enhancing trust and creating lucrative opportunities for growth in the European market.

Thursday, May 16, 2024

IoT Technology Market worth $1,377.8 billion by 2029

The IoT technology market is projected to grow from USD 945.6 billion in 2024 to USD 1,377.8 billion by 2029, registering a CAGR of 7.8% during the forecast period according to a new report by MarketsandMarkets™. The market growth is attributed to increased potential for the incorporation of IoT in electric and hybrid vehicles and accelerated IoT adoption in the healthcare sector. Furthermore, the government incentives and aids for development of IoT technologies   and rise in the development of smart cities are expected to create lucrative opportunities for the market.

The network management segment is a significant market for IoT technology. A network management platform is a common platform to manage the entire network of an organization. The platform ensures that users are able to receive IT services from anywhere and at any time. By using the platform, a network administrator can easily detect any failure in the network and resolve issues in real time or inform support personnel. A network management platform also assists in analyzing the amount of data that is being transferred over a network and automatically routes them to avoid congestion that can result in a crash of the network. For critical application areas, such as mobility and transport, logistics, energy, and manufacturing, seamless and faster data transfer is required. This requires the appropriate configuration of network devices, which is possible only through a high level of visibility provided by a network management platform.

The industrial segment is projected to record the highest CAGR during the forecast period. Healthcare, automotive & transportation, building automation, manufacturing, retail, BFSI, oil & gas, agriculture, and aerospace & military are among the industrial end-use applications. The building automation market has developed as a result of the demand for more energy-efficient solutions, more security, more venture capital funding, and ongoing efforts to improve lifestyle. After beginning with wired technology, building automation has transitioned into the era of wireless technologies like Bluetooth and ZigBee Wi-Fi. Additionally, more stringent regulations and growing awareness of energy saving and building regulations, the development of many smart grid technologies, and the accessibility of several open protocols are propelling the market for building automation.

Asia Pacific is projected to record the highest CAGR during the forecast period. The main countries in Asia Pacific contributing to the growth of the loT technology industry are China, India, South Korea, and Japan. Some of the major factors supporting the expansion of the lot technology market in Asia Pacific are the expanding consumer base, rising disposable income, increasing internet penetration in both business and residential areas, and improving IT infrastructure. Furthermore, the market for IoT technology for commercial applications in countries like China, South Korea, and Japan is growing primarily due to the trend of industrial automation and the use of cloud-based services. Furthermore, China's involvement in the adoption and development of lot is vital for the expansion of these businesses because it is the key hub for semiconductor production and manufacturing. China is a manufacturing hub and is the leading producer of manufactured goods such as textiles, electronic equipment, and agricultural products. In the production process, IoT is used to monitor the machinery, employees, and environmental conditions. The data can be further used to analyze, control, and prevent risks and avoid economic losses. End-to-end automation is a new concept gaining momentum in the current technology market in China.

Increasing number of mobile apps for IoT devices

The global mobile apps market size is estimated to grow by USD 1.09 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 22.97% during the forecast period.

The demand for IoT devices is rising quickly due to their convenience, versatility, and connectivity. IoT devices connect physical objects via software and sensors over networks. This surge is fueled by their integration with smartphones through mobile apps. Smartphone shipments are projected to rise, with smartphones expected to make up over 71% of all mobile phones globally by 2022.

The increasing smartphone numbers can link with various IoT devices like watches and glasses through apps. Mobile apps enhance data recording and tracking for analysis by facilitating flexible data sharing among devices compared to web pages. Consequently, many mobile apps are integrating with IoT devices.

In February 2020, Panasonic introduced IoT-connected air conditioners, doorbells, and switches controllable via mobile apps. This trend of IoT-device integration with mobile apps is forecasted to fuel market growth.

Mobile apps simplify user tasks with technology. Developing inexpensive apps is simple, yet the surge in demand requires additional activities like admin support and maintenance, surpassing development costs. Functional services like SMS, push notifications, and email are vital.
Admin services include content management and data analytics, inflating overall costs. Hosting on compatible servers and data storage adds complexity, starting at $26,000 annually. Increasing app loads necessitate more servers, escalating costs.

Wednesday, May 15, 2024

Smart Kitchen Appliance Innovator Thermomix Launches New Sensor Accessory in the US

Just in time for World Baking Day on May 17, Thermomix, manufacturer of the leading all-in-one Wi-Fi-connected cooking appliance, the TM6, introduces the Thermomix Sensor, a smart thermometer that brings greater ease and precision to monitoring food’s core temperature. This cutting-edge smart thermometer is set to transform the way cooking enthusiasts approach cooking, grilling, and baking, ensuring precision and confidence in every dish.

The launch of the Thermomix Sensor marks the first time the brand has extended its offerings beyond the Thermomix, enabling customers to enjoy worry-free cooking success with their ovens, pans, and grills. The Thermomix Sensor connects wirelessly via Bluetooth® to the Thermomix TM6 and with dual sensors capable of measuring both internal food temperature (up to 212°F) and ambient temperature (up to 527°F), the Thermomix Sensor empowers users with unprecedented cooking control.

Key features of the Thermomix Sensor include:

Guided Cooking Integration: Seamlessly pair the Thermomix Sensor with your TM6 for step-by-step guidance through Cookidoo recipes.
Precise Temperature Control: Equipped with two sensors, the Thermomix® Sensor provides ultimate control over oven, pan, and grill cooking.
Ease of Use: Monitor cooking progress effortlessly with push notifications and real-time temperature tracking via the Cooking Center mobile app.
With a retail price of $129.00, the Thermomix Sensor is available starting today for existing Thermomix® users and for new customers on May 27. Special launch deals for both the Thermomix® TM6® and Thermomix® Sensor will be available at www.thermomix.com.

Present in over 11 million kitchens worldwide, Thermomix® has established itself as the epitome of culinary versatility and convenience, offering over 80,000 guided recipes and 28 powerful functions at the touch of a button, and is an indispensable asset for both home cooks and professional chefs alike. With the addition of the new Thermomix Sensor smart thermometer, the cooking system just got more powerful. The TM6, renowned for its ability to perform 28 different functions with the touch of a button and an indispensable asset for both professional chefs and home cooks alike, now is only more powerful with the addition of the new Thermomix Sensor smart thermometer.

Smart Waste Management Market to Reach $8.3 billion by 2032

According to a new report, the global smart waste management market was valued at $2.2 billion in 2023, and is projected to reach $8.3 billion by 2032, growing at a CAGR of 15.6% from 2024 to 2032.

The increasing adoption of smart waste management technologies across various industries will propel the market growth. Smart waste management technologies utilize sensors, data analytics, and automation to optimize waste collection schedules and routes. This reduces fuel consumption, minimizes emissions, and saves time and resources.

By waste type, the smart waste management market is divided into solid waste, special waste, and e-waste. The solid waste segment accounted for a higher market share in 2023, accounting for more than half of the market revenue. Rapid industrialization and infrastructure development in emerging markets create new opportunities for smart waste management manufacturers. Smart waste management solutions offer significant cost savings and operational efficiency improvements compared to traditional waste management methods. By optimizing collection routes, reducing fuel consumption, and minimizing labor costs, organizations can achieve substantial savings over time.

The smart collection segment dominated the market in 2023, and smart disposal segment is expected to grow at a significant CAGR during the forecast period.

Depending on method, the smart waste management market is categorized into smart collection, smart processing, and smart disposal. The smart collection segment is accounting for more than half of the market revenue. Smart waste management is used in residential, commercial, and other industries to collect and transport waste effectively. Smart waste management is used to track live status of unfilled and filled waste bins. Smart waste management system is also used to keep track of waste trucks. It tracks positions of waste trucks and sends the information to smartphones of individuals with the use of mobile apps. Smart waste management saves time and energy of waste management services by municipal corporation and industries, which is expected to drive growth of the global smart waste management market.

Based on source, the smart waste management market is divided into residential, commercial, and industrial. The residential segment accounted for around half market share in terms of revenue in 2023. The residential segment has been witnessing an increase in demand for smart waste managements from past few years, owing to growth in urbanization and increase in smart city initiatives around the globe. In addition, rise in adoption of smart waste management in the residential sector is expected to increase in the future, owing to rise in water pollution levels in urban areas of countries such as India and China.

The smart waste management market is analyzed across North America, Europe, Asia-Pacific, Latin America, and MEA. Asia-Pacific is expected to grow at a significant CAGR throughout the forecast period. China holds the maximum share in the smart waste management industry in the Asia-Pacific region. Advances in sensor technology, data analytics, cloud computing, and Internet of Things (IoT) have made smart waste management solutions more affordable and accessible. These technologies enable real-time monitoring, optimization, and automation of waste collection and recycling processes.

Tuesday, May 14, 2024

Leidos wins $631M sensor contract from US Army

Leidos, a science and technology innovator, recently received a $631 million award from the U.S. Army Contracting Command – Aberdeen Proving Grounds. The Development, Integration, Acquisitions, Bridging to Logistics & Operations (DIABLO) program positions the company as a leading mission equipment provider to the Army for the next 10 years.

Under the direction of the Project Director Sensors-Aerial Intelligence (PD SAI), the DIABLO contract has a requirement to develop, acquire, field and provide lifecycle support to tactically relevant aerial intelligence, surveillance and reconnaissance (AISR) sensors and integrated systems across a broad spectrum of multiple intelligence capabilities. This allows PD SAI to be agile and adaptable while working toward the Army's modernization goals.

Leidos showcased its ability to provide platform agnostic sensor and technology solutions by providing independent technology and supplier evaluations from other programs the company currently supports. Its unique approach facilitates improved interoperability and adaptability for battlespace awareness and superiority in the current environments.

U-tec Heads to New York to Preview Next Generation Smart Home ULTRALOQ Locks: Bolt Fingerprint Matter and Bolt NFC

U-tec heads to Well Home to preview new additions to its smart home ULTRALOQ lock series: Bolt Fingerprint Matter and Bolt NFC that lets consumers embrace a more intelligent, more secure, and connected lifestyle.

Bolt Fingerprint Matter is the world's first smart fingerprint deadbolt lock that supports Matter-Over-Thread technology, ensuring seamless integration with various smart home devices for a future-proof experience. An advanced smart lock offering a six-in-one unlocking experience (fingerprint recognition, passcodes, mobile app access, and backup keys ) and multi-layered security, Bolt Fingerprint Matter creates a unified smart home ecosystem by seamlessly integrating with Google Home, Samsung SmartThings, Apple Home, or Amazon Alexa. With its advanced fingerprint recognition and mobile control, Bolt Fingerprint Matter provides effortless and secure access management, in a stylish and durable design. 8 AA batteries offer extended battery life up to one year. Available Q3 2024, MSRP $299.

Bolt NFC will be ULTRALOQ's first smart lock that supports Apple Home Key with built-in WiFi and an NFC card and provides unparalleled connectivity, utility, security, and home integration. Users can unlock with a single tap of their iPhone or Apple watch. And if your iPhone runs out of battery, it can still be used to unlock the door within five hours. The Bolt NFC offers 8 AA extended battery life up to one year. Available Q3 2024, MSRP $249.

"ULTRALOQ smart locks combine advanced fingerprint technology, Bluetooth connectivity, Matter platform support, and a sleek design that provides homeowners with keyless entry options and robust security features," said Clark Ruan, vice president of U-tec. "Regardless of whether your smart home is powered by Google Home, Samsung SmartThings, Apple Home, or Amazon Alexa, our smart home products provide secure connectivity, unparalleled performance, and exceptional reliability."

U-tec's smart home security & automation ecosystem U home can simultaneously control and synchronize multiple devices, creating a central command center for smart home appliances and allowing users to access, control, and monitor their devices with just a single tap. U home manages the smart lock system, security cameras, bulbs, switches and plugs. The smart devices are compatible with Amazon Alexa, Google Home and SmartThings for voice control.

Monday, May 13, 2024

Logistics Automation Market to be Worth $65.14 Billion by 2030

According to a new market research report titled, 'Logistics Automation Market by Offering (Hardware, Software, Services), Type (Inbound, Outbound), Automation Mode, Application (Inventory Management, Others), End User (Retail & E-commerce, Automotive, Others) & Geography—Global Forecasts to 2031', the logistics automation market is projected to reach $65.14 billion by 2031, at a CAGR of 10.0% from 2024 to 2031.

Logistics automation refers to the use of technology involving machinery and logistics software to minimize human intervention and ease the workflow of logistical processes from procurement to production, inventory management, distribution, customer service, and recovery. Besides reducing costs, logistics automation systems help improve the overall efficiency of supply chains. Logistics automation helps save businesses a massive number of repetitive workloads such as manual picking or data entry.

Some of the factors driving the growth of this market are the rapid growth in e-commerce and the increasing incorporation of robots in logistics. However, high capital investment requirements and the lack of standardization in the logistics sector restrain the growth of this market.

The global logistics automation market is segmented by offering (hardware (automated vehicle systems, automated storage & retrieval systems, automated sorting & conveyer systems, de-palletizing/palletizing systems, automatic identification & data capture systems, automated container handling equipment, packaging systems/machines, and other hardware), software (cloud-based, and on-premise), and services(consulting services, deployment & integration services, support & maintenance services)), type (inbound logistics, and outbound logistics), automation mode (semi-automatic systems, and fully automatic systems), application (inventory management, packaging, order management, cargo management, transportation management and other applications) and end user (retail & e-commerce, manufacturing, healthcare & pharmaceuticals, food & beverage, automotive, aerospace & defense, fashion & apparel, courier, express, and parcel, ports & warehouses, and other end users). The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on offering, the logistics automation market is broadly segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of 60% of the logistics automation market. However, the software segment is expected to register the highest CAGR during the forecast period. Factors such as the increasing use of advanced technologies in logistics software, market players' increasing focus on developing and enhancing logistics software, and the easy integration of logistics automation software with other supply chain management software are expected to drive the growth of this segment.

Furthermore, the growing focus of market players on product development and enhancement to optimize logistics operations, enhance supply chain visibility, and help companies make informed decisions is expected to drive the segment's growth. For instance, in November 2022, Amazon Web Services, Inc. (U.S.) launched the AWS Supply Chain. This new application helps businesses increase supply chain visibility to make faster, more informed decisions that mitigate risks, lower costs, and improve customer experiences.

Industrial Barcode Scanner Market size to record USD 2.07 billion growth from 2023-2027

The global industrial barcode scanner market size is estimated to grow by USD 2.07 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 9.47% during the forecast period.

Use of wearables with the same functionalities as traditional barcode scanners: A notable trend anticipated in the upcoming period is the rising acceptance of wearable devices serving the functions of conventional barcode scanners. Manufacturers are increasingly rolling out sophisticated devices to minimize human errors and bolster efficiency.

Notably, smart glasses are finding utility in industrial settings. Enterprises like DHL have embraced smart glasses, setting a new logistics standard. Smart glasses now boast additional features like barcode and QR code scanning. Vuzix M100 and M300 smart glasses can perform such scanning tasks, though camera-to-barcode distance presents a hurdle.

Despite this challenge, advancements in barcode formats like linear and laser are likely to see smart glasses supplant traditional wearable scanners in the foreseeable future. These developments are set to fuel growth in the global industrial barcode scanner market.
For more insights on the market trends with forecast market size and historic data (2017 - 2021) - Download a FREE Sample Report in minutes!

The industrial barcode scanner market is growing steadily, driven by rising sales and decreasing costs per customer. However, the high price of barcode scanners poses a challenge to widespread adoption across industries. It will take time for these devices to become more affordable and gain traction across various sectors.

General-purpose barcode scanners, like the Honeywell Voyager XP 1470g, are notably cheaper, priced around $200, compared to industrial barcode scanners, which can cost over $600. This price disparity limits the adoption of industrial scanners among businesses.
Furthermore, the emergence of industrial wearables presents another hurdle as end-users grapple with calculating the return on investment (ROI). The increased expenses associated with implementing and acquiring these technologies, coupled with the potentially high ROI of innovative products, are expected to slow the growth of wearable scanners in the industrial sector.

Friday, May 10, 2024

Radisson Blu Sobieski upgrades Vingcard Door Locks to feature latest in RFID security and mobile key

Vingcard has announced a successful upgrade of its Vingcard Classic door locks at Radisson Blu Sobieski in Warsaw, Poland. An upscale property situated within the heart of Warsaw’s business district, Radisson Blu Sobieski by upgrading to Vingcard Classic RFID which will be enabled with Mobile Access, can provide its guests with the ideal combination of enhanced security and instant guestroom entry convenience.

Previously being equipped with magstripe-based Vingcard Classic locks meant that Radisson Blu Sobeiski could take advantage of the solution’s scalable design in order to adopt more secure RFID-based key encryption standards. This advantage not only minimizes any potential risk of unauthorized keycard cloning but also prevents keycard demagnetization issues from arising and affecting guest satisfaction. The property was notably able to upgrade to RFID capabilities without having to undergo the costly replacement of existing door hardware. Benefitting from a swift installation, Radisson Blu Sobieski also credits Vingcard technicians with providing seamless and responsive customer service which kept operational downtime to an absolute minimum.

Thanks to the brand’s scalable lock solutions and excellent customer service, property managers particularly praised Vingcard for providing them with the confidence of knowing that their guests and staff are always protected using the industry’s latest advances in security and data encryption. They also highly valued the opportunity of being able to activate Mobile Access, allowing the hotel to offer the enhanced convenience of digitalized check-in and room entry that more guests are coming to expect as an available service.

Zebra Technologies Unveils New Solutions

Zebra Technologies Corporation announced new solutions to further enable manufacturers to boost visibility, optimize quality and augment the workforce to operate as a connected factory.

Manufacturers today are challenged with increasing productivity amid labor shortages. At the same time, they are managing cultural transformation and converging information and operational technology (IT/OT) systems into existing operations. The latest NAM Manufacturers’ Outlook Survey reports more than 65% of manufacturers cite the inability to attract and retain employees as their top challenge and confirmed they are working to improve operational resiliency by investing in new technologies.

According to Zebra’s Automotive Ecosystem Vision Study, eight in 10 manufacturing decision-makers acknowledge better connectivity and enterprise technologies at scale are essential to transforming business. Industrial machine vision as well as sensing and monitoring systems are expected to make the largest leap in usage by 2027.

Zebra’s latest fixed industrial scanner, the Zebra FS42 is designed for resource-intensive tasks like deep learning-based optical character recognition (OCR) applications and high-throughput scanning requiring speed. Its increased onboard memory and neural processing unit (NPU) enable faster scanning and more complex artificial intelligence (AI)-based deep learning machine vision applications.

Zebra’s Aurora™ Software Suite is ideal for addressing the track-and-trace and vision inspection needs of users at all experience levels. It supports barcode reading and additional inspection tasks like OCR, dimensioning, and defect detection. The FS42 features Zebra’s Aurora Focus™ which makes it easy to set up, deploy, and run the device, eliminating the need for other tools and reducing training time.

Thursday, May 9, 2024

Matter 1.3 Specification announced

The CSA Alliance is pleased to announce the latest update to Matter, version 1.3 of the specification and SDK, is now available for device makers and platforms to integrate into their products.

This latest release marks an important step forward, enabling devices that can be more helpful to users in the kitchen and laundry room, enhance entertainment and smart home interaction on screens, and make the smart home more efficient and safer with new energy and water management support.

The addition of these new device types and functionalities in Matter 1.3 enables product manufacturers and controllers to begin implementing and certifying these features into new and existing products. As our member companies invest the time needed to integrate, test, and deploy new features, updates, and new devices to the market, we look forward to future announcements of products delivering these new capabilities to users through Matter.

With the support of our Membership and the active participation of a strong community of engineers and product experts from across the globe, the Connectivity Standards Alliance and its Members remain committed to Matter as the industry’s best path to delivering increased simplicity, interoperability, security, and value to consumers. With the release of version 1.3, Matter continues to expand its footprint across the smart home industry and the IoT ecosystem.

To help users understand and manage their energy use, save money, and reduce their carbon footprint, Matter 1.3 introduces new energy reporting capabilities. This enables any device type to include the ability to report actual and estimated measurements, including instantaneous power, voltage, current, and others, in real-time, as well as its energy consumption or generation over time.

Electric Vehicle Charging — Matter 1.3’s energy features also enable new energy-centric devices, the first of which is Electric Vehicle Supply Equipment (EVSE). This enables EV charging equipment manufacturers to present a consumer-friendly way to control how and when they charge their vehicles. It features the ability to manually start or stop charging, adjust the charging rate, or specify how many miles of range to be added by a set departure time, leaving the charging station to automatically optimize the charging to happen at the cheapest and lowest carbon times.

Water Management — Support for leak and freeze detectors, rain sensors, and controllable water valves provide homeowners with enhanced monitoring, management, and protection over water in and around their homes.

Among the newly supported device types:

Microwave Ovens — Users can control the cooking time, power level, and mode of operation and receive notifications, such as “end of cycle” or “food ready” when the microwave completes operation. For a microwave installed in an “over-the-range” configuration, the specification also supports control of an extractor fan and light typical in such scenarios.
Ovens — Configurations including built-in, stand-alone, or as part of a range with an associated cooktop are included in the Matter 1.3 update. Each oven compartment can be individually controlled from an operational mode (standard, convection bake, roast, steam, broil/grill, proofing) and temperature-setting perspective with information related to the state of the oven (i.e., preheating or cooling). Notifications such as preheating and target temperature achieved are supported.
Cooktops — With Matter 1.3, there is support for cooktops, allowing for remote access and control (typically induction-based devices). The cooktop’s individual elements allow for temperature control and measurement (where regulation allows).
Extractor Hoods (Cooker Hoods, Vent Hoods) — Matter 1.3 supports cooktops and ranges in conjunction with cooktop hoods. It allows for the control of both the light and fan settings in such devices, as well as the status/end-of-life of any filter material used (e.g., HEPA filters).
Laundry Dryers — With Matter 1.2 including support for laundry washers, Matter 1.3 completes the pairing with the addition of support for laundry dryers. Users can set the dryer mode and target temperature and, depending on local safety regulations, remotely start and stop the dryer. Notifications like “end of cycle” and alarms on error states (as vendor-specified) are supported.

NFC Forum Streamlines Testing Requirements

NFC Forum, the global standards body for Near Field Communication (NFC) technology, has announced the availability of Test Release 13.2 (TR13.2) which adds new capabilities to its certification program to simplify the testing of NFC end-products.

This addition makes the certification process easier and more affordable for businesses, and enables other standards bodies using NFC technology to more easily test product functionality and deliver better user experiences.

The NFC Forum Certification Program confirms that certified devices are compliant with NFC Forum Specifications. Conformance ensures a consistent behavior of devices across different NFC-ecosystem and sets the foundation for interoperability within each use case of diverse markets.

The added NFC Forum testing approach provides new capabilities for market-ready products allowing for release candidate software to be evaluated rather than engineering software designed exclusively for testing. This shortens time-to-market for NFC Forum enabled products. Work has also been done to streamline testing requirements to evaluate how the device will behave depending on the intended use of the product.

Together these efforts reduce the number of tests needed without impacting testing coverage or changing the functionality being evaluated.

Wednesday, May 8, 2024

GoTab and Tripleseat Announce Event Management Integration, Enabling Seamless Reservations and Payments

GoTab, a restaurant and retail commerce and operations platform, announced its integration with Tripleseat, the cloud-based sales and event management platform used by restaurants and hotels. This strategic partnership marks the beginning of a transformative era in event planning and streamlines laborious, error-prone manual tasks into effortless user-friendly solutions.

With embedded payment processing capabilities, Tripleseat enables operators across restaurants, hotels, and other unique venues to book, manage, and collect payments for events in a single integrated offering. Through the integration, deposits made in Tripleseat are transitioned seamlessly into event day tabs in GoTab's point-of-sale (POS) system. From there, GoTab and Tripleseat work together to provide a streamlined close-out process for guests and operators.

On top of this integration, GoTab continues to elevate the event experience through its custom Event Cards, which can be QR or RFID based and allow event managers to craft a personalized selection of privileges tailored to every event and attendee. GoTab's Event Cards eliminate the hassles of redeeming and reconciling physical drink tickets, ultimately creating a more seamless experience for guests, employees, and event managers. Furthermore, the Event Cards help managers ensure that taxes and gratuities are covered in advance, so guests can utilize their full spend on prepaid event cards.

By combining the power of GoTab and Tripleseat, event deposits can be retrieved and applied effortlessly within GoTab, ensuring a smooth and efficient operation on the day of the event. Furthermore, through this integration, event sales reporting becomes consistent and transparent, and all event deposits and payments are tracked in one centralized location, providing valuable insights for event managers and simplifying the process.

Production Start for World’s First Commercially Available Optical Beamforming Chip

SkyWater Technology announced that the companies have collaborated on the production implementation of Lumotive’s groundbreaking solid-state optical beamforming technology in SkyWater’s manufacturing environment.

Fully qualified and released for volume production utilizing SkyWater’s unique Technology as a Service (TaaS) model, Lumotive’s product represents the first ever programmable optical metasurface that has been commercialized into a mass-producible chip.

Optical beamforming is a critical technology used in a range of applications, from laser communications and LiDAR (Light Detection and Ranging) to imaging and remote sensing. Lumotive’s Light Control Metasurface (LCM™) technology defies the laws of physics by manipulating light at the subwavelength level using nanostructures fabricated onto the surface of a silicon chip. Beams of light can be shaped, split and steered electronically with digital precision and repeatability. This marks a dramatic transformation over traditional mechanical methods, and enables significant system-level advantages in compactness, durability, speed, precision, power consumption, reliability, design flexibility and scalability for the next generation of industrial sensors, robotics, autonomous vehicles and other applications that rely on accurate 3D sensing.

In less than two years, Lumotive and SkyWater collaborated on the development and release of a custom photonics process to create LM10, Lumotive’s first LCM product offering. This new process has been qualified in SkyWater’s production environment and establishes the first commercially available chip-scale beam steering solution for solid-state LIDAR. LM10 is already shipping worldwide as the beam steering solution inside lead customers’ qualified 3D sensors.

Tuesday, May 7, 2024

SuperCom Receives over $5.0 Million in new Orders from European Governments

p>SuperCom, a rovider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced the receipt of new orders by European governments. The orders are valued at over $5.0 million and are anticipated to be delivered in the next three months.

SuperCom's PureSecurity Suite is an end-to-end electronic monitoring solution with state-of-the-art GPS tracking, secured communication, monitoring technologies, and a secure software platform providing real-time tracking and Monitoring.  

SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

OMNIVISION Unveils Two New Global Shutter Sensors for Machine Vision Applications

OMNIVISION, a global developer of semiconductor solutions, including advanced digital imaging, analog, and touch & display technology, announced two new CMOS global shutter (GS) image sensors for machine vision applications. OMNIVISION has created a new Machine Vision Unit, which will focus on creating innovative solutions for industrial automation, robotics, logistics barcode scanners and intelligent transportation systems (ITS).

OMNIVISION’s new GS sensors feature the industry’s smallest 2.2-micron (µm) backside-illuminated (BSI) pixel for high resolution in a compact design. The high-resolution, small-format GS sensors provide the highest shutter efficiency available on the market with the ability to capture high-speed moving objects clearly and accurately at high frame rates. They also feature high sensitivity, low noise and enhanced NIR quantum efficiency (QE) for industry-leading low-light performance.

Compared to the previous-generation 2.5µm frontside-illuminated (FSI) GS sensors, the 2.2µm BSI GS sensors can achieve 1.08x sensitivity with an F2.0 lens and 2.16x sensitivity with an F1.4 lens. The new OG05B1B is a 5-megapixel (MP) resolution CMOS monochrome GS sensor in a 1/2.53-inch optical format (OF). The new OG01H1B is a 1.5MP resolution CMOS monochrome GS sensor in a 1/4.51-inch OF.

Both image sensors feature OMNIVISION’s Nyxel near-infrared (NIR) technology, which boosts QE to 700-1050nm, enabling the capture of brighter images from farther away; PureCelPlus-S stacked-die architecture for best-in-class image sensor performance; and CSP™ package technology for the smallest possible dimensions.

Monday, May 6, 2024

A Dynamic QR Code Device for India

Digital payments in India is undergoing a big shift, with the Unified Payments Interface (UPI) emerging as the preferred mode of transaction. According to data released by the National Payments Corporation of India (NPCI), UPI witnessed an approximate of a staggering 118 billion transactions in the fiscal year 2023. Capitalizing on this momentum, SuperUs, an Indian tech OEM, has unveiled its latest innovation - the Dynamic QR Code device.

This device seamlessly combines the functionalities of a cash terminal and checkout terminal, providing businesses and customers with unparalleled transaction experiences. By facilitating integrated systems that ensure error-free reconciliation, the Dynamic QR Code device guarantees accuracy and efficiency in payment processes.

The Dynamic QR Code device offers comprehensive management of financial and inventory data with its integration capabilities, inventory accounts and ERP systems. Additionally, the display technology utilises innovative E Ink electronic paper resulting in crystal-clear visuals and an enhanced user experience. Moreover, it offers multiple sizes and caters to the diverse needs of businesses and ensuring versatility and adaptability in various environments.

NIST researchers develop magnetics-based analyte sensor

In a groundbreaking proof-of-concept study, scientists at the National Institute of Standards and Technology (NIST) harnessed the power of smartphone magnetometers to measure tiny concentrations of important compounds. By combining a smartphone’s built-in magnetometer with hydrogels that respond to specific cues, they achieved remarkable results.

Here’s how it works: Nearly every modern cellphone comes equipped with a built-in compass or magnetometer, which detects Earth’s magnetic field for navigation purposes. However, NIST researchers took this technology a step further. They embedded tiny magnetic particles within a porous material called hydrogel. When immersed in water, the hydrogel swells, and the embedded magnetic particles react to the presence of specific molecules or changes in pH levels.

The implications are significant. Using this approach, the researchers were able to measure glucose concentrations with high accuracy, down to a few millionths of a mole. While such sensitivity might not be necessary for at-home glucose monitoring using blood samples, it could enable routine testing for glucose in saliva, which contains a much lower concentration of sugar. Imagine a future where individuals can diagnose diseases, detect environmental toxins, or even assess the pH of liquids using their smartphones.

The versatility of this magnetics-based sensing platform extends beyond glucose measurement. It opens doors to monitoring other biomedical properties, all while leveraging the ubiquity of cellphones. These “smart” hydrogels, engineered to react to various compounds, offer an affordable and accessible solution for health diagnostics and environmental assessments1.

Friday, May 3, 2024

ProMach Expands to Mexican Market

ProMach is expanding its North American footprint. The Cincinnati-based company announced on April 22 it has acquired Mexican pressure-sensitive and RFID labels producer Etiflex. This move marks ProMach’s first foray into the Mexican market and bolsters its labelling and coding capabilities across North America.

Headquartered in Mexico City, Etiflex is one of the largest converters for variable information-printed labels, tickets, and RFID labelling.

Etiflex supplies label-converting solutions to various industries, including food and beverage, automotive, pharmaceutical, and personal care as well as producing tickets, badges, and bracelets for events and transportation. The financial details of the transaction remain undisclosed.

Polyfuze Graphics Corp. Partners With RFID Specialists

The patented polymer fusion labeling technology RFusion ID by Polyfuze Graphics Corp. (PGC) for durable polyolefin packing and other products continues to evolve, with the latest product line including EVA foam.

At the same time, the company has partnered with leading radio-frequency identification (RFID) specialists such as Austen, Texas-based HID Global.

Polyfuse has been introducing sustainable alternatives to address the numerous deficiencies of traditional labels which disrupt recycling with its campaign of “Labeling Sucks.”  

Helen Barker, PGC’s vice president of Strategic Initiatives,  saying, 'With Polyfuze's proprietary polymer fusion know-how combined with HID’s extensive RFID technology experience, we will deliver unmatched, cost-effective and sustainable marking, identification and tracking solutions for reusable, recyclable transport items and products. This partnership ensures that our customers have access to expert advice and tailored solutions that meet their specific needs.'

Thursday, May 2, 2024

INEO Deploys RFID within its INEO Media Network

INEO Tech Corp has announced the first retail deployment of its cutting-edge RFID (Radio-Frequency Identification) solution embedded within its INEO Welcoming Pedestal, designed to revolutionize loss prevention in the retail industry with advanced technology and a business model driven by retail media advertising.

INEO Deploys RFID within its INEO Media Network. INEO revolutionizing retail security by combining EAS and RFID in patented Welcoming System, a key component of the INEO Media Network. INEO has transformed retail security by seamlessly integrating advanced RFID technology into its patented INEO Welcoming System, delivering an unparalleled combination of RFID, Electronic Article Surveillance (EAS) and advertising capabilities in the same device, along with INEO’s Retail Media business model. (CNW Group/INEO Tech Corp.)

INEO Deploys RFID within its INEO Media Network. INEO revolutionizing retail security by combining EAS and RFID in patented Welcoming System, a key component of the INEO Media Network. INEO has transformed retail security by seamlessly integrating advanced RFID technology into its patented INEO Welcoming System, delivering an unparalleled combination of RFID, Electronic Article Surveillance (EAS) and advertising capabilities in the same device, along with INEO’s Retail Media business model. (CNW Group/INEO Tech Corp.)

With the exponential growth of shoplifting and organized crime at retail, the need for robust security measures has become increasingly paramount. According to recent industry reports, retail shrinkage due to theft amounts to billions of dollars in losses annually. In response to this pressing challenge, INEO has developed a state-of-the-art RFID loss prevention system which offers unprecedented accuracy, efficiency and communication capabilities to mitigate retail loss while also being a prominent in-store digital advertising system.

The deployment of the RFID enabled INEO Welcoming System was at a California location of one of INEO's national retail office supply customers. With this installation, INEO has transformed the landscape of retail security by seamlessly integrating advanced RFID technology into its patented INEO Welcoming System, delivering an unparalleled combination of RFID, traditional Electronic Article Surveillance (EAS) and advertising capabilities in the same device, along with INEO's Retail Media driven business model. With INEO's innovative solution, retailers gain unprecedented real-time visibility into their inventory, enabling precise tracking of merchandise from the moment it enters the supply chain to the point of sale to the store exit. With the INEO Welcoming System and RFID tags embedded in individual items, retailers can monitor their inventory with unparalleled accuracy, helping to drastically reduce theft and shrinkage, and as a result, fortify their bottom line.

Torque Sensors Market Size to Grow USD 11810 Million by 2029

The Global Torque Sensors Market size is expected to reach US$ 11810 million by 2029, growing at a CAGR of 4.5% from 2023 to 2029

The market for torque sensors is expanding rapidly thanks to a number of important considerations. Firstly, the need for torque sensors to guarantee accurate control and monitoring of rotational forces is being fueled by the growing use of automation across a variety of industries, especially the automotive, aerospace, and industrial sectors.

Second, the market is expanding due to strict government laws requiring the usage of torque sensors for safety and quality assurance. The need for torque sensors is also being driven by the increased emphasis on predictive maintenance and real-time machinery monitoring to maximize operational efficiency.

Furthermore, technical developments that facilitate remote monitoring and data analytics, such as the incorporation of wireless connection and Internet of Things (IoT) capabilities into torque sensors, are driving additional market expansion. All in all, these elements work together to fuel the rapid expansion.

The torque sensor market is primarily driven by the automobile industry. Accurate torque measurement is becoming more and more necessary in a variety of automotive applications, such as engine testing, power steering systems, and electric vehicle drivetrains, as a result of the ongoing advancements in vehicle technology. In order to guarantee the best possible performance, effectiveness, and safety in these systems, torque sensors are essential. Accurate torque sensing is becoming increasingly important as the automotive industry moves toward electric and driverless vehicles, which is driving the market ahead.

Torque sensors play a key role in improving production processes in the field of industrial automation by facilitating accurate control and monitoring of torque levels in machinery and equipment. Torque sensor integration into automated production lines becomes essential as companies aim for increased productivity, efficiency, and quality assurance. By giving real-time data on torque variation, these sensors enable prompt adjustments and preventative maintenance, which lowers downtime and improves overall operating efficiency. Torque sensors are widely used in the aerospace and military industries for a variety of purposes, such as the production, upkeep, and testing of aircraft. In order to monitor the operation of propulsion systems and control surfaces, as well as to ensure the structural integrity and safety of aircraft components, torque sensors are essential.

Wednesday, May 1, 2024

MagiQ Technologies Taps Sandia Labs for Extreme Seismic Sensor Tests

MagiQ Technologies, the leader in optical sensor innovation for energy, defense, and telecom, announced today that they have successfully demonstrated the high-temperature capabilities of their fiber-optic accelerometers during extensive simulated testing at Sandia National Laboratories.

The goal of the testing at Sandia Labs was to demonstrate that MagiQ's GeoLite (TM) sensors could accurately collect data at extreme temperatures during prolonged exposure, simulating weeks, even months of continuous geothermal data acquisition in extreme, real world scenarios.

Sandia Labs is a National Nuclear Security Administration research and development center with expertise in geosciences and seismology dating back to the 1950s. The testing was conducted at Sandia's primary location in Albuquerque, NM.

The test results confirm that the Company's GeoLite sensors functioned effectively and maintained consistent sensitivity at temperatures exceeding 250°C, proving their viability for extreme geothermal applications. Furthermore, the sensors maintained their sensitivity after prolonged exposure to 300°C for one week, simulating one month of operation at 250°C. This signifies their long-term reliability in the extreme heat found in deep, hot geothermal wells.

Traditional multi-component geophones and Distributed Acoustic Sensors (DAS) experience limited-service life and high failure rates in geothermal wells above 150°C. While DAS sensing has the ability to withstand these high temperatures, they lack the sensor directionality and the sensitivity required for mapping fractures in engineered geothermal systems (EGS).

135th Canton Fair Provides Hassle-free Payment Services for Global Visitors

 

In a significant move to facilitate seamless payment experiences for international attendees, the 135th China Import and Export Fair has partnered with multiple financial institutions to upgrade its payment systems. This initiative ensures a more inclusive and comprehensive payment environment, accommodating mobile payments, bank cards, and digital yuan among other methods.

The Canton Fair has enhanced its payment facilities to better serve the global merchant community, introducing Self-Service Exchange Machines ("the Exchange Machines") and POS terminals that support international bank cards to simplify the buying experience. Moreover, attendees can now access digital yuan wallets through straightforward procedures at the Exchange Machines, facilitating seamless transactions.

Prominent locations, including Guangzhou Baiyun International Airport and the fairgrounds, now feature "Foreign Visitors Payment International Desk" to simplify transactions for international visitors. These desks assist guests in downloading, registering, and using major Chinese mobile payment platforms like UnionPay QuickPass, Alipay, and WeChat Pay. Additionally, they help with linking international bank cards, such as Visa and Discover Global Network, to enable QR code payments.

In the course of the offline exhibition, the Canton Fair's upgrade in payment convenience was fully experienced by the attendees. Musta, a long-time Jordanian buyer at the Fair, chose to exchange currency at the Exchange Machine. He shared, "inserting my ID and then euros, the machine dispensed cash quickly. It was really straightforward and easy."

Triggered by this edition, significant strides have been made to facilitate easier payment methods for international visitors in Guangzhou, not just at the exhibition sites but also in shopping and tourist areas. Before the commencement of the Fair, the city boasted a coverage of more than 90% for international bank card acceptance in key areas, and ATM support for international bank card withdrawals was at a high of 98%. Additionally, a vast network of over 457,000 local merchants had been set up to accept direct electronic wallet payments or to allow the binding of international bank cards with domestic e-wallets, making transactions more convenient.

Tuesday, April 30, 2024

BayCare's St. Joseph's Hospital Opens Season's Café with Amazon's Just Walk Out Technology

St. Joseph's Hospital announced that it becomes the first health care facility to use checkout-free technology in a hospital cafeteria, demonstrating BayCare and St. Joseph's Hospital's commitment to innovation, patient care and team member experience.

Located inside the hospital, Season's Café uses Amazon's Just Walk Out technology to eliminate checkout lines and allow guests access to the full range of cafeteria items 24 hours a day, Monday through Saturday. The cafeteria is only closed from 2 a.m. to 6 a.m. on Sundays. Employees will also be able to use their badge to pay through an integration between Just Walk Out technology and Quickcharge, a division of Transact Campus.

Amazon's Just Walk Out technology is designed to be an effortless shopping experience. Guests enter the cafeteria by using their credit card, mobile wallet, or team member badge at the entry gate. The technology detects what each shopper takes from or returns to the shelves and creates a virtual shopping cart. When guests have completed their shopping experience, they can leave the store without having to wait in a checkout line, and their chosen payment method will be charged for the items they took with them.

Amazon's Just Walk Out technology is made possible by artificial intelligence, computer vision and deep learning techniques, including generative AI, which enables the technology to accurately determine who took what in any retail environment. Amazon built synthetic datasets to mimic millions of realistic shopping scenarios — including variations in store format, lighting conditions, and even crowds of shoppers — to ensure accuracy in any environment.

The cafeteria offers a variety of items, from baked goods, premade sandwiches and a salad bar, to fresh pizza and hot meals that change daily. Menu items from guest restaurants are often available.

Aqara presence sensor FP2

The Aqara FP2 goes beyond being a simple motion or light sensor. This intelligent home sensor can detect a wide range of factors, including movement, light levels, and even sleep data such as heart rate and breathing rates. Unlike traditional motion or light sensors, which operate in a one-way manner, the Aqara FP2 is dynamic and versatile.

Users can set up various automations based on the detected movement. For example:Turn on smart home devices at night when you’re nearby. Automatically turn off devices when you walk away (either immediately or after a timer). Activate lights only in nearby areas to avoid disturbing others.

Within each zone, the Aqara FP2 can identify up to five individual humans. It also distinguishes between people, pets, and robot vacuums. For instance, it won’t trigger kitchen lights unnecessarily when the vacuum is cleaning at night.

As a presence sensor, the FP2 can monitor sleep patterns in detail. When placed in your bedroom, it detects variations in heart rate and respiratory rates. Combined with sleep cycle identification, the Aqara FP2 provides valuable sleep insights through an app, without the need for additional wearables or charging.

Monday, April 29, 2024

ADR opts for Softech IoT system

Aeroporti Di Roma has selected Softech’s IoT monitoring system for benchmarking trolley collection areas at Fiumicino International Airport.

Softech’s G-Smart GSE tracking system combines RFID, Bluetooth, ADS-B, and GPS technologies to create a customized solution for this application. Specifically, the system utilizes RFID technology to identify and count baggage trolleys at storage stations (bays) in Terminals T1 and T3. The goal is to reduce operational inefficiencies.

Operators can monitor a large number of assets simultaneously, thanks to this efficient system. Softech’s IoT infrastructure includes readers, antennas, and over 5,000 RFID tags directly applied to the trolleys (mounted to avoid signal interference from ferrous material). Real-time data is displayed on a georeferenced map, and a warning system alerts operators if the trolley count in a bay falls below the minimum threshold. Additionally, the web-based software allows users to view and export trolley movement history between areas, facilitating benchmarking and performance analysis.

Softech plans to enhance G-Smart by estimating the required number of trolleys based on passenger and baggage flow, connecting the tracking system to ADR management systems.

Avery Dennison Increases Quarterly Dividend

Avery Dennison Corporation announced that its Board of Directors has increased the company’s quarterly dividend. The board declared a quarterly dividend of $0.88 per share, representing an increase of approximately 9% over the previous dividend rate. The dividend for the second quarter is payable on June 20, 2024 to shareholders of record as of June 5, 2024.

Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company that provides a wide range of branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers.

Its products and solutions include labeling and functional materials, radio frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and a variety of products and solutions that enhance branded packaging and carry or display information that improves the customer experience.

Friday, April 26, 2024

Virtual Cards Market Projected to Reach $89.93 billion by 2030

A new report titled "Virtual Cards Market by Card (Credit Card, Debit Card), Product (B2B Virtual Cards, B2C Remote Payment Virtual Cards, C2B POS Virtual Cards), Issuer Type, Application - Global Forecast 2024-2030" is now available on 360iResearch.com's offering, presents an analysis indicating that the market projected to grow from a size of $28.54 billion in 2023 to reach $89.93 billion by 2030, at a CAGR of 17.81% over the forecast period.

Virtual cards, the digital equivalents of traditional physical cards, are transforming the way online transactions are conducted with their unique blend of convenience and security. Virtual cards are created and utilized solely online, furnished with all essential details such as a card number, CVV, and an expiration date for immediate use upon issuance.

This innovation in digital payment is emerging as a popular choice across the globe, from individual consumers to large corporations, owing to its ability to offer heightened security against fraud, streamline payment processes, and significantly improve financial management and oversight. In the Americas, particularly the USA and Canada, the surge in virtual card adoption is mainly attributed to the demand for safer online transaction methods.

Similar growth trends are observed in South America, Europe, the MEA region, and Africa, primarily driven by digital transformation initiatives, regulatory support for secure payments, and the increasing desire for financial inclusion. The Asia-Pacific region exhibits rapid advancements in virtual card usage, powered by widespread smartphone usage, eCommerce growth, and fintech innovations. As the world continues to shift toward digital payment methods, virtual cards represent a significant step forward in ensuring transactional security and convenience on a global scale.

The rapid transition to online shopping, digital services, and the need for secure, streamlined financial transactions have highlighted the significance of virtual cards in today's digital economy. As eCommerce and online marketplaces expand, making purchases more accessible, the necessity for payment solutions that are both secure and tailored becomes paramount. Virtual cards have emerged as a pivotal solution, offering enhanced security through unique card numbers for each transaction or merchant, effectively minimizing the risk of fraud and unauthorized access. This innovation is particularly vital in an era where cyber threats to personal and financial information are escalating.

Moreover, the shift toward remote work and the digital consumption of services have highlighted the importance of having varied and secure online payment options. Virtual cards stand out for their convenience and ease of use, being readily generated, easily managed, and seamlessly integrated with mobile wallets and online payment platforms. Their ability to offer a safer, more efficient payment experience makes them a preferred choice for consumers and businesses, aligning with the demands for more secure and user-friendly payment methods in the digital transformation.

E-Wallet Market size is set to grow by USD 163.43 billion from 2023-2027

The global E-wallet market size is estimated to grow by USD 163.43 bn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 26.41% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 39%.

Numerous companies are capitalizing on this growing trend by implementing strategic measures such as alliances, partnerships, mergers, and acquisitions. Among the notable players in the cheese based snacks market are:

The E-Wallet Market has experienced significant growth in recent years, with contactless payments becoming increasingly popular. Traditional cash transactions are being replaced by digital transactions using mobile wallets and credit/debit cards linked to bank accounts. E-Wallets support various services such as mobile recharges, bill payments, movie/travel bookings, and money transfers. The market is driven by proximity and remote technology, including NFC technology, which enables seamless transactions. However, concerns over data breaches, identity theft, and unauthorized access remain, as these digital platforms store sensitive financial information.

The global e-wallet market has experienced significant growth, driven by the increasing number of Internet users and the surge in digital transactions. In 2021, over 59% of the world's population uses the Internet, leading to a rise in e-commerce, bill payments, and peer-to-peer transfers. For instance, India recorded 91.92 billion digital payment transactions in December 2020-21, a 103% increase from the previous year. In contrast, the US e-commerce sales grew by 44% in 2020, totaling USD861 billion. E-wallets offer convenience, replacing physical cash with digital alternatives. CPMI's Red Book Statistics report that e-wallets include mobile wallets, credit/debit cards, and bank accounts. However, concerns over data breaches, identity theft, and unauthorized access persist. Alipay and WeChat Pay, leading e-wallets, employ biometric authentication methods like fingerprint recognition, facial recognition, and iris scanning for security. Dfns, Delegated Signing, and WebAuthn protocols also enhance security. PIN codes, in-app payments, and e-commerce platforms are other e-wallet features. NFC technology and proximity/remote technology facilitate retail and e-commerce transactions. The banking segment and vending businesses also leverage e-wallets, with Brazil's Pix being a recent addition.

The E-Wallet Market continues to expand with the rise of contactless payments, challenging traditional cash transactions. MRFR Database projects significant growth, driven by mobile recharge, bill payments, movie/travel bookings, money transfers, and retail sales in the Retail and E-Commerce industry. E-Wallets integrate with credit/debit cards, bank accounts, and various payment networks, necessitating substantial infrastructure and execution costs. Smaller players may struggle to enter due to these expenses, particularly in regions with limited resources. Ongoing costs include maintaining competitiveness and adapting to changing consumer demands. Key players like Alibaba, Apple Pay, Samsung Pay, Square, and Alipay dominate the market, leveraging advanced technologies such as Near Field Communication, QR Code, Text-based service, and biometric authentication methods (fingerprint recognition, facial recognition, iris scanning) to secure transactions and enhance user experience. However, challenges persist, including data breaches, identity theft, and unauthorized access, necessitating robust security measures like Dfns, Delegated Signing, and WebAuthn protocol.

The E-Wallet Market is experiencing significant growth, driven by the integration of advanced technologies such as blockchain and biometrics. Traditional methods like PIN codes are being replaced with more secure options, including facial recognition and fingerprint scanning. In-app payments on e-commerce platforms and digital content providers are increasingly common, facilitated by the Internet and the E-commerce sector. Mobile wallets enable digital transactions, offering convenience for credit/debit card and bank account users. Mobile recharges and bill payments are simplified, as are movie/travel bookings and money transfers. Retailers and businesses benefit from technology's integration, with proximity and remote solutions like NFC technology and contactless payments. The Banking segment and vending businesses also profit from this shift, with cash transactions becoming less prevalent. The MRFR Database forecasts continued expansion for the E-Wallet Market.

Thursday, April 25, 2024

Plant sensors could act as an early warning system for farmers

Researchers from MIT and the Singapore-MIT Alliance for Research and Technology (SMART) have developed a novel way to monitor plant stress using a pair of sensors made from carbon nanotubes. These sensors detect signaling molecules that plants use to coordinate their response to stress, such as hydrogen peroxide and salicylic acid (similar to aspirin). By analyzing the production of these molecules at different time points, the system creates distinctive patterns that serve as an early warning system for farmers.

Here’s how it works: When plants experience stress due to factors like heat, light, or attack from insects or bacteria, they produce specific chemical signals. The two sensors, one for hydrogen peroxide and the other for salicylic acid, work together to identify the type of stress the plant is undergoing. These chemical changes serve as unique fingerprints for different stressors, allowing farmers to intervene before crops are lost.

The research, published in Nature Communications, involved collaboration with Sarojam Rajani, a senior principal investigator at the Temasek Life Sciences Laboratory in Singapore. The lead authors of the paper are Mervin Chun-Yi Ang, associate scientific director at SMART, and Jolly Madathiparambil Saju, a research officer at Temasek Life Sciences Laboratory1.

This innovative approach could revolutionize crop management by providing real-time information on plant health and stress levels, allowing farmers to take timely actions to protect their crops2. The ability to detect stress signals early could significantly improve agricultural productivity and reduce losses due to environmental challenges.