The M2M industry is set to generate annual revenues of $242 billion in 2022, up from $45 billion in 2013, with healthcare one of the driving forces of this dramatic growth, according to new research from Strategy Analytics.
According to the study, healthcare (including m-health services), consumer electronics, utilities and vehicles will together be responsible for 85% of total M2M revenues by the end of the forecast period.
In the healthcare market, m-health services will come to generate the lion’s share of revenues, says Strategy Analytics.
Healthcare IT player Healthy Passage has launched a new website aimed at providing a “curated, online marketplace” for a variety of smart health devices.
Named MeasuredCare, the website is aimed at a range of end users, from chronic disease sufferers to fitness enthusiasts, says Healthy Passage.
The website features an array of smartphone-enabled medical devices – including blood pressure cuffs, body scales, fitness trackers and pulse oximeters – from leading manufacturers.
Accenture has been chosen to replace CGI Federal as the lead contractor for the Obamacare enrollment website, which failed to work when it launched in October for millions of Americans shopping for health insurance, the U.S. Centers for Medicare and Medicaid Services said on Saturday.
Despite the hoopla, wearable gadgets like wristwatches for checking your text messages or eyeglasses that capture video are unlikely to make a splash with consumers anytime soon, given the clumsy designs, high prices and technological constraints of many of the current offerings.
That is the conclusion drawn by many industry executives and analysts who trolled the vast exhibition halls of the Consumer Electronics Show in Las Vegas this week.
Danish smart-meter specialist Kamstrup says it has won a contract with a consortium of eight Danish utilities requiring it to provide more than 150,000 smart meters over a three-year period.
MV Group, the consortium, is introducing smart meters as part of a project to create a smart grid that will lead to efficiency improvements and various other benefits.
Solar energy company Borg Energy has announced plans to invest $45 million in rural electrification projects in India within the next six months.
The rollout is to include smart-grid technology that will “empower domestic consumers and agriculturists”, according to the company.
In a statement, Borg Energy (Chennai, India) said it planned to power 18,000 homes in northern India in the next 150 days with Borg Astra Plus Home Series – a range of solar power plants designed specifically to meet the energy needs of domestic households.
Avantha Group subsidiary Crompton Greaves (CG) has invested INR80 million ($1.3 million) in a new smart-grid facility in Bangalore whose main purpose will be to manufacture a range of smart-grid devices for use by Indian utilities.
The facility, which employs more than 100 people, will also offer engineering services – such as systems integration, installation and commissioning – to companies across the world.
Smart-grid software developer DC Systems has released a new version of its smart-grid platform aimed at increasing substation reliability and resilience while lowering the cost of deploying and managing so-called supervisory control and data acquisition (SCADA) systems.
DC Systems (Redwood City, CA, USA) says configuration and management of SCADA systems has so far been a time-consuming and costly process, putting pressure on budgets as the number of automated substations grows.
Germany’s Siemens and Spain’s Iberdrola have formed a strategic alliance to develop smart-grid services for companies in the Middle East.
The organizations say they have already signed a memorandum of understanding to work together on integrating energy from renewable sources – such as the sun and wind – into smart grids.
Worldwide vendor revenues from microgrids are set to grow from $4.3 billion in 2013 to $19.9 billion in 2020, according to a new study from Navigant Research.
With the industry now focusing on how to develop projects on commercially viable terms, annual revenues could even reach $36.2 billion by the end of the forecast period under a more aggressive scenario modeled by Navigant Research.