Utility spending on asset management and grid monitoring technology is to hit almost $50 billion by 2023, according to a new study from Navigant Research.
The market-research company says that with the advent of the smart grid the inclusion of sensing and monitoring system is beginning to make “economic sense” for utilities, with the result that cumulative spending on these technologies will amount to $49.2 billion between 2014 and 2023.
Actility and Semtech have teamed up on the launch of a new low-cost and long-range radio solution for M2M applications.
Branded ThingPark Wireless, the service is designed to help original equipment manufacturers and integrators to connect end points to the cloud for smart building, smart factory and smart city deployments.
The technology is based on radio transceivers developed by Semtech (Camarillo, CA, USA) and Actility’s (Lannion, France) wireless M2M gateway and includes and open cloud-based platform for application development.
M2M player Sierra Wireless says it has completed its $21 million takeover of Canada’s In Motion Technology.
The deal was announced as recently as January and is aimed at bolstering the position of Sierra Wireless (Richmond, Canada) in the transit and commercial fleet markets.
In Motion (New Westminster, Canada) provides so-called ‘rugged’ in-vehicle mobile routers that can be tightly integrated with security systems and management and application platforms.
Asset-tracking player Spireon has formed a strategic partnership with Sprint that will address opportunities in the fleet-management area.
The companies say they will collaborate on providing the Spireon (Irvine, CA, USA) FleetLocate-branded solution to fleet operators using the Sprint (Overland Park, KS, USA) network.
FleetLocate is designed to help fleet operators improve their productivity and operational efficiency through more effective management of assets.
Australia’s Pivotel Group has become a partner of Inmarsat for the distribution of satellite-based M2M services in the Asia-Pacific region.
Under the tie-up, Pivotel (Southport, Australia) will begin to offer Inmarsat’s (London, UK) L-band M2M services – including IsatData Pro and BGAN M2M – to its customers in the Asia-Pacific.
Application platform developer ThingWorx has expanded its leadership team in EMEA in response to what it describes as rising demand for Internet of Things services in the region.
The shake-up has seen the appointment of Thomas Svensson as senior vice president of EMEA, with Larry Terwey taking up the position of vice president.
Svensson will be responsible for driving the direct and indirect sales channel strategies and overall business development, with Terwey to support him in these efforts.
Satellite M2M specialist Orbcomm has launched a new set of modems aimed at systems integrators and resellers targeting the transportation and distribution, heavy equipment, oil and gas and government markets.
Orbcomm (Rochelle Park, NJ, USA) said the modems are “100%” backwards-compatible with its current OG1 satellite network and are the first devices that will support OG2 services when the new constellation becomes available in spring 2014.
The company is offering two versions of the new modem – the OG2-M and the OG2-GPS.
Carmakers will need to ensure their vehicles can connect to mobile devices and the internet if they are to survive, Daimler chief executive Dieter Zetsche said on Monday.
His comments came after Daimler's (Stuttgart, Germany) Mercedes-Benz said it would make cars compatible with new software developed by Apple (Cupertino, CA, USA), known as CarPlay.
Daimler will also be offering compatibility to Android-based devices, the company added.
The global market for mobile health services is expected to generate more than $49 billion in revenues by 2020, up from just $2 billion in 2012, according to a new study from Grand View Research.
The research indicates that monitoring will remain the dominant and fastest-growing market segment.
Monitoring generated revenues of $1.2 billion in 2012 and sales are expected to increase at a compound annual growth rate of 49.7% between 2014 and 2020.
M2M player Gemalto has revealed it is providing wireless connectivity for a next-generation “smart health and wellness” hub developed by Vignet.
The hub works by consolidating information from medical sensors – using a cloud-based server that converts the data into “easy-to-understand insights”.
Gemalto (Amsterdam, Netherlands) is supplying 3G and 4G modules for the hub, allowing data to be sent over cellular networks so that healthcare providers can deliver remote care to patients.