IoT Connectivity Markets set to reach $8.9B by 2024

Solution (Real time streaming analytics, security, data management, remote monitoring, network bandwidth management), Platform (device management, application management, network) Application (Building and Home Automation, Smart energy, Smart Manufacturing, Connected Logistics, Smart Retail. Connected Health, Smart Mobility and Transportation ), Google Inc. (US), Hewlett Packard Enterprise (US), Amazon Web Services (US), Bosch Software Innovation GMBH (Germany), General Electronics (US), Intel Corporation (US), SAP SE (Germany), Cisco Systems Inc. (US), Microsoft Corporation (US), Oracle Corporation (US), International Business Machine (IBM) Corporation (US), and PTC Inc. (US) among others, onnectivity Technology (Wi-Fi, Bluetooth Classic, Bluetooth Smart, NFC, ZigBee, Z-Wave, GNSS, LTE Cat-M1, NB-IoT, LoRa, Sigfox), Type (WLAN, WPAN, LPWAN), and Geography, AT&T (US), Cisco (US), Verizon (US), Vodafone (UK), Ericsson (Sweden), Sierra Wireless (Canada), Orange (France), Telefónica (Spain), Huawei (China), Telit (Italy), Hologram (US), Particle (US), Aeris (US), Sigfox (France), EMnify (Germany), and Moeco (US)

Previously Published to tEQ.life

According to recent market research by MarketsandMarkets, IoT Connectivity Markets are set to reach more than $8.9B by the year 2024. Currently valued at an estimated $3.8B in 2019, the company has forecasted an 18.7% compound rate of annual growth (CAGR) with major factors set to increase the demand for connected devices over time.

North American markets will take the reins, accounting for a majority of growth through 2024.

North America is said to account for the largest market size during the forecasted period of growth. This comes, as the United States continues to be the leader in innovation and digital transformation, placing a high priority on large-scale implementation and enterprise services. Artificial Intelligence (AT) and cloud computing are additional factors, attributing such growth, as they are intimately powered by “The Internet of Things.”

The demand for wireless sensor networks, necessary in creating smart infrastructure, has so-far been a major player in the demand for low-power, wide-area (LPWA) networks in IoT applications. People like to control things in their home. Even more so, they like controlling things at home, while not at home, and find convenience in doing so through the fast-action swipe of their smart phones. The rise in IoT adoption and the advancements, taking place across telecommunications industry, will single-handedly drive sales, as more people learn to trust their personal hand-held device for nearly every aspect of their waking lives.

The World slowly catches up, as new technologies are adopted, connectivity is improved and networks are secured.

As we see more stable and reliable high-speed networks appearing in rural areas across the globe and an overall increase in heightened information security, there will be a dramatic shift in IoT adoption, as it emerges alongside the integration of standalone and non-standalone components, therein. In fact, the Wireless Connectivity markets are expected to reach $95.7B by 2023, alone.

The World is quickly adopting 5G, and major cities have already been implementing plans for faster internet speeds through product integration. Enabling these products with a host of IoT capabilities, we can expect IoT-based services to rise as an immediate factor in the concurrent growth of service-related markets, around the globe.

Additional factors that are said to contribute to the growth of IoT Markets, include:

  • Platform & Service Components
  • The Size of Each Organization
  • Trends in Smart Retail Production
  • Trends in Transportation
  • Connected Health & Devices
  • Smart Manufacturing Processes
  • Smart Energy & Utility Practices
  • Business & Home Automation
  • Additional Factors, Based on Region

All industry verticals are undergoing a huge transformation in a bid to provide affordable, accessible, and quality services to their customers.

Addressing the continued shift in IoT Markets and in meeting the demands of the everyday working-class, we see something similar happening to our modern technologies that we have seen happen throughout the history of electronics. Once upon a time, a 4GB desktop computer went for more than $2K at full market value, and now we see 1TB laptops going for less than $300 during regular sales and/or promotions.

The increasing number of connected devices sold, in addition to the growth of smartphone ownership has significantly, contributed to the demand for IoT-based technologies, as used by early adopters and tech enthusiasts alike. Large multinational corporations have learned ways they can capitalize off of such technologies, whether through location-based incentives or by providing customers with in-store messaging, trading off valuable data in exchange for a rewards or in-store promotion.

More information about the growing IoT Market and 2024 predictions can be found here.

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Rapid Adoption of Wearables Reflects Personality, Loyalty, and Convenience

Digital Gadgetry, Cool Technologies, Technology News, Product Launch, Future Solutions

PREVIOUSLY PUBLISHED TO TALENT ZOO’S DIGITAL PIVOT

In 2016, we will see a sharp influx in the production, delivery, and adoption of IoT technologies and wearables. Here, at Digital Pivot, we have disclosed quite a launches set for later this year. But just how rapidly are these technologies becoming part of our everyday lives?

The NPD Group broke down dollar and unit sales for 2015, analyzing details related to the wearables industry, and came up with some pretty cool insights.

In fact, it seems that we are starting to spend double that of the previous year just to have the top new wearables on the market. As wearables evolve, they are adopting the features we are disappointed our current version is missing. For this, we are okay with buying the product again — just because we need that upgrade. Spoiled, aren’t we? Not so much. It actually goes deeper than this.

As innovation continues to build upon itself, we, as advanced users, seek sophistication in products that we use every day. While we aren’t necessarily looking for complexity, we do like to have a product at our fingertips that brings us little need for outside device utilization. We master products that we love and simply seek more from that point of view.

Once upon a time, we could have a blood pressure cup, radio, camera, and house phone, put it in a bag…call it a day. This is no longer feasible. It is no longer convenient. In fact, when we have too many devices and too many objects, we tend to neglect them, getting less usage out of each on whole. We also tend to lose them more easily. We seek integration.

In 2015, connected activity trackers reflected a 110% increase from 2014, up from an 85% increase from the previous years. The average going price for many wearables has shot up from $96 to $109. We’re also fine with that.

Ben Arnold, Executive Director and Industry Analyst for The NPD Group, states that “This, combined with unit growth, shows that prices aren’t failing to drive demand. Demand is increasing along with rising prices.” As integrations continue and more features are added, it is also the small details that matter the most.

Faced with growing competitive markets, industry leaders are not losing footing as we show loyalty for premier product lines — quicker to adopt their latest model over full-featured entry-level competitors and happy to give up our wallets for a product that we know will meet our everyday needs. Anything else is just a gamble.

We can compare this to MP3 players in the early 2000s and the little impact they made on the iPod and iPad markets. As history repeats itself, loyalists will happily purchase a product based on little change whatsoever and will do this simply because of how the product personifies them.

An alteration in size and a new variety of color options will continue to contribute to our purchasing power. And, yet, we will rush to the store and camp out days prior to the release of a major upgrade. We do this willingly, because we are comfortable in our purchases of new product generations under beloved branding. This has certainly been the case for wearables and trackers that weren’t previously appealing to our senses.

Because personality yields conversation, the growing wearables market has boomed. Product designers are learning that colors are important to attracting potential customers almost as much as product features, shape, and size.

Arnold tells us about this mindset as related to fitness trackers on the current market.

“A confluence of factors has contributed to the growth of connected fitness trackers. Greater awareness of the products is leading to increased interest; new colors and designs have made trackers more appealing. There are more opportunities to buy the products due to increased distribution. The dedicated fitness tracker market will continue to thrive as products evolved to cover a wider range of users’ fitness needs.”

Fitness trackers are being included in the category of smart watches and other wearables. The numbers show that over 33M devices were purchased in the United States alone in 2015. Smart watches, however, have only shown a 13M ownership rate for this same year. This includes a variety of styles, both futuristic and traditional. Many of these purchases were made due to enamored users in need of integration. Many of these results were hindered due to awareness. Product availability was also a factor.

The Apple Watch was released in April of 2015. From there, many knock-off brands took form. Top manufactures such as Samsung then began creating their own versions for Android. Because Apple products are not compatible with Android, users had to wait until later in the year to purchase a smart watch to compliment their current devices.

Stoked that trackers were implemented into many of these smart watch devices and able to be synchronized with their favorite mobile apps, end-of-year results showed a rapid adoption rate of such devices. Purchases are set to soar in 2016. There are users that are loyal to previous devices and opt to use both, comparing results for more accuracy.

While some find no need to adopt such a device, intending only to use fitness trackers during exercise, the rest of the population seems to show interest in adopting smart watch technologies this year. Since the multiple smart watch releases, experts show that there has been an 83% growth amongst consumers in this category, as opposed to a 75% growth for standalone trackers. These numbers are also reflected within other categories of smart devices and wearables. It is expected that the United States will have ownership of over 30M smart watches by the end of 2017 — conservatively speaking.

For this, we wonder what the adoption rate of those smart shoes, aimed for release in September, will be. Those could be the smartest wearables of all time!

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eMindful, Muse, and Goldie Hawn Team Up to Promote Meditation for Brain Health

1% Challenge,Brain Health,Chronic Pain,Connected Devices,Digital Gadgetry,Digital Pivot,eMindful,Excercises,Games,Goldie Hawn,Headband,Health,IoT,Medication,Meditation,Monitoring,Muse,Programming,Psychology,Sensoring Technology,Smart Devices,Stress Relief,Talent Zoo,Technology,Technology News,Wearables,Weight

PREVIOUSLY PUBLISHED TO TALENT ZOO’S DIGITAL PIVOT

“I understand that maybe you can’t dedicate an hour a day to meditation. But if you can’t even take 20 minutes for yourself to meditate, you’re just letting your ego get in the way.” –Sabir Bey, Host of The Sabir Bey Show.

Most people don’t understand the importance of meditation, especially its importance for clarity, rest, and keeping the mind agile. But meditation is extremely important, especially at a time when we overload our minds with digital insight and allow that same digital platform to continue “thinking” on our behalf. For this, two leaders in meditation technology have teamed up to launch “a national challenge to ease people into mindful living.”

The companies also partnered with the Goldie Hawn Foundation to promote “mindful thinking” to children and educators. A headband created by Muse sets out to motivate people into adopting a better understanding of their minds during meditation.

At the onset of 2016, millions of people have publicly set resolutions to lead healthier lifestyles, and a sound mind is one of the most important elements of the “get healthy” process.

This nationwide initiative is leading a “1% Challenge that encourages people to dedicate at least 1% of their day to improving personal well-being” through mindful meditation. The challenge only takes up 14 minutes of a person’s day and can impact years of their life. This particular program is made up of expert-led “mindfulness sessions,” guiding habits and behavioral changes through sensor-monitoring technology.

Small changes to a person’s behavior have been proven to be more impactful than if a huge change was made at once. For this, many innovators in the tech world have been devising strategies that help bring about good habits and positive change to our populations. This particular movement is aimed at making mindful change through meditation. Meditation is essential to living and highly beneficial to one’s health.

The 1% Challenge has aimed at further impacting the lives of our children by teaming up with the Goldie Hawn Foundation, “an evidence-based curriculum and training program for educators and children” that was founded by the actress in conjunction with researchers, psychologists, and educators in growing a foundation for our future leaders. Together, Muse and eMindful are contributing to MindUp, the foundation’s program, based on participant activity in this program. Not only are participants helping themselves, but they are also helping our youth.

“Massive, redirectional changes are hard to sustain,” said Kelley McCabe, eMindful chief executive officer. “Our 1% Challenge starts with the premise that anyone can improve by taking small steps and building upon them. Over the course of one’s life, that can be transformational.”

Leading and guiding our youth to healthier transformation at a time that their brains are most elastic has the ability to create a more informed, more educated, and more intelligent generation than we have yet to produce in our lifetime. Many of our children have been left behind, but we are seeing the chance to turn around their futures and create a better tomorrow on their behalf.

This headband by Muse monitors brain activity through sensors that have been providing participants with real-time feedback through InteraXon Brain Computer Interface (BCI) technologies. Meshed with eMindful’s suite of evidence-based mindfulness programs, games, and exercises, people are able to improve and shape their health, wellbeing, control of chronic pain, and weight, many of which are all triggered through stress. The program also provides solutions to handling and maintaining stress, which in turn controls other elements taking place within the human body.

This tag team exercises the most important muscle in our body while allowing it to relax. The control we are then given over our minds, bodies, and souls is unprecedented and can save lives.

“For us at Muse we felt that a partnership with eMindful under the context of boosting awareness for meditation and healthy minds made a great deal of sense,” said Derek Luke, Chief Executive Officer of InteraXon, the company that develops Muse.

These technologies have been adopted by employers and health insurers all over the country, as well as by researchers and clinicians at over 100 top hospitals and universities. This speaks volumes for what this technology is doing for meditation and healing. Likewise, it’s something to keep in the back of your mind while shopping for resources in brain health and productivity. Your insurance company might just have your back on this one!

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