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creativeera · 2 months

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IoT in Transportation Market is Anticipated to Witness High Growth Owing to Increasing Need

The IoT in transportation market refers to the integration of internet of things (IoT) technologies in transportation systems to optimize transportation services. IoT enables connection of vehicles, infrastructure, and people, allowing collection and exchange of large amounts of data. This data is analyzed to enhance road safety, reduce traffic congestion, improve fuel efficiency, and offer value-added services to passengers. IoT help transportation agencies to remotely monitor assets, forecast demand patterns, and coordinate operations in real time. Components of IoT systems in transportation include sensors, network connectivity devices, security systems, data management and analysis platforms, and dashboard interfaces.

The global IoT in transportation market is estimated to be valued at US$ 758.45 Bn in 2024 and is expected to exhibit a CAGR of 14.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the IoT in transportation are Amazon Web Services (AWS), ARM Holdings, Dell, Ericsson, Google, Huawei, IBM Corporation, Intel Corporation, Microsoft, Oracle, Qualcomm, RTI, SAP, Siemens, and Telefonica. These players are focusing on developing innovative IoT solutions and establishing partnerships with automakers and transportation companies to strengthen their market position. The growing need to optimize transportation services through real-time visibility, predictive maintenance, and automation is a key opportunity in the IoT in Transportation Market Demand. IoT technologies help improve traffic management, maximize asset utilization, increase road safety, and offer personalized transportation on demand. This is encouraging investments by transportation agencies and fleet operators to integrate IoT networks. Major players are expanding their IoT offerings and presence globally to tap the growth opportunities in emerging markets. Strategic partnerships are helping global companies such as IBM and Siemens to deploy IoT-based smart transportation pilot projects across cities in Asia Pacific, Middle East, and South America. Collaboration with local technology players is also supporting their global expansion plans. Market Drivers and Restrain Key Driver - The increasing investments by governments worldwide in developing smart transportation infrastructure is a major market driver. Nations are implementing policies and schemes to develop connected mobility solutions and modernize existing transportation systems using IoT and allied technologies. This is significantly boosting spending on IoT platforms, sensors, smart vehicles, and associated services. Key Restrain - Lack of standard protocols for interoperability of IoT devices poses a major challenge. The landscape of IoT solutions providers in transportation is fragmented with different vendors using proprietary technologies. This limits data exchange between connected devices and transportation system components from multiple OEMs restricting large-scale IoT deployments. However, industry collaboration and formulation of regulatory guidelines are addressing this concern.

Segment Analysis IoT in Transportation commonly known subsegments are Fleet Management, Infotainment and others. Fleet Management is currently the dominating subsegment owing to increasing need for fleet operators to monitor their assets effectively. IoT in Transportation Market Analysis With advanced fleet management solutions they can improve productivity, maximize uptime and reduce operating expenses. In the infotainment subsegment usage of IoT is increasing to provide enhanced in-vehicle experience to passengers. Features like live traffic updates, destination search, navigation and integrated mobile apps are enhancing the travel experience for commuters. Global Analysis Regionally, North America currently dominates the global IoT in Transportation market due to rising investment in developing smart transportation infrastructure and robust connectivity. Asia Pacific region is projected to witness highest growth during the forecast period. This is due to increasing government initiatives towards developing smart cities and growing construction of highways and rail networks in countries like India and China. Countries in Europe and Latin America are also steadily adopting IoT solutions for transportation systems to improve mobility and sustainability of transportation services.

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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#Coherent Market Insights #Iot In Transportation Market #Iot In Transportation #Transportation #Smart Transportation #Connected Vehicles #Telematics #Traffic Management #Autonomous Vehicles

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cmipooja · 10 days

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IoT in Transportation Impact on Safety and Security in Transportation

Safety and security are critical concerns in the transportation industry, and IoT technology is playing a pivotal role in addressing these challenges. By enabling vehicles and infrastructure to communicate and share data, IoT helps reduce accidents, improve emergency response times, and enhance the overall security of transportation systems. This article examines how IoT is improving safety and security across different modes of transportation, including road, rail, and air travel.

1. Enhanced Vehicle Safety

IoT-enabled vehicles are equipped with sensors and communication systems that enhance safety for both drivers and passengers. One of the most common applications is vehicle-to-vehicle (V2V) communication, which allows cars to share data such as speed, location, and direction with each other. This information is used to prevent collisions by alerting drivers to potential hazards or even automatically controlling the vehicle’s braking or steering systems.

In addition to V2V communication, vehicle-to-infrastructure (V2I) communication plays a vital role in enhancing road safety. For example, sensors in traffic lights or road signs can alert vehicles to dangerous conditions, such as icy roads or accidents ahead. This real-time data sharing allows drivers to take appropriate actions to avoid accidents, improving overall road safety.

2. Improving Public Transportation Safety

IoT in Transportation is also enhancing safety in public transportation systems. Buses, trains, and subways are equipped with IoT sensors that monitor various aspects of operation, from engine performance to passenger occupancy. These sensors provide real-time data to operators, enabling them to address safety concerns immediately.

For instance, IoT systems can monitor the health of railway tracks and bridges, detecting any structural weaknesses or damage. By identifying potential risks early, transportation authorities can perform maintenance or repairs before accidents occur. Moreover, IoT-based video surveillance systems in public transportation help monitor passenger behavior, deter criminal activity, and ensure a safer environment for commuters.

3. Emergency Response and Accident Management

In the event of an accident or emergency, IoT can significantly improve response times and coordination among first responders. IoT-connected vehicles and infrastructure can automatically notify emergency services when an accident occurs, providing them with crucial information such as the exact location and severity of the incident. This enables faster and more effective deployment of emergency services, potentially saving lives.

For example, in the case of a car crash, IoT systems can trigger airbags, cut off fuel supplies, and send alerts to nearby hospitals or emergency services with data about the accident’s impact. Some systems are also capable of detecting the number of passengers involved, helping to ensure that sufficient resources are sent to the scene.

4. Securing Transportation Networks

As transportation systems become more connected, security risks also increase. IoT solutions are being developed to protect transportation networks from cyber threats. Cybersecurity measures such as encryption, network segmentation, and anomaly detection are integrated into IoT systems to safeguard sensitive data and prevent unauthorized access to critical infrastructure.

Additionally, IoT-based security systems monitor physical access to transportation hubs such as airports, seaports, and train stations. For example, biometric scanners, facial recognition technology, and RFID sensors are used to enhance security at entry points, ensuring that only authorized personnel have access to secure areas.

5. Preventing Cargo Theft and Loss

IoT technology is also being used to secure cargo shipments. GPS trackers, RFID tags, and sensors can monitor the location, temperature, and condition of goods in transit. If a shipment deviates from its planned route or if there are signs of tampering, the system can alert logistics managers in real time. This reduces the risk of theft or damage to valuable goods and ensures that deliveries reach their destinations safely.

The implementation of IoT in transportation is significantly enhancing safety and security. From preventing accidents through real-time data sharing to securing transportation networks against cyber threats, IoT is making transportation safer for everyone. As the technology continues to evolve, it will bring even more advancements in the areas of emergency response, public transportation safety, and cargo security, ultimately creating safer travel experiences for all.

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annunews · 1 year

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#North America IoT Transportation Market scope

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electronicsnews · 2 years

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#tunnel automation market #automation #internet of things #construction #iot #security #transportation

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uniconvergetech · 2 years

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The Internet of Things allows millions of devices to be connected, measured and monitored to automate processes and operations and support better decision-making. Low-Power, Wide-Area Networks (LPWAN) enable low-cost information transfer and support the growth of the Internet of Things. IoT uses a variety of technologies and communication protocols for a variety of applications. Providing long-range, power-efficient, and cost-effective sensors and actuators is a key component of industrial IoT. Lora and LoRaWAN are unique in that they optimize LPWAN for battery life, capacity, range, and cost. UniConverge Technologies' LoRaWAN offering, including the End device, gateway, and device-to-cloud platform gets you from planning to deployment fast. 𝟏.𝐒𝐦𝐚𝐫𝐭 𝐂𝐢𝐭𝐲 𝟐.𝐒𝐦𝐚𝐫𝐭 𝐒𝐭𝐫𝐞𝐞𝐭 𝐋𝐢𝐠𝐡𝐭 𝟑.𝐒𝐦𝐚𝐫𝐭 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐞 𝟒.𝐒𝐦𝐚𝐫𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝟓.𝐒𝐦𝐚𝐫𝐭 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝟔.𝐒𝐦𝐚𝐫𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞. Learn More - www.uniconvergetech.in #lorawan #solutions #smartagriculture #smartindustry #smartwarehouse #smartcity #smartstreetlight #smartfarming #smarttransportation #iot #internetofthings #communication #growth #madeinindia #makeinindia #startupindia #atmanirbharbharat #UniconvergerTechnologies #UCTRobotics

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govindhtech · 6 months

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Genio 510: Redefining the Future of Smart Retail Experiences

Genio IoT Platform by MediaTek

Genio 510

Manufacturers of consumer, business, and industrial devices can benefit from MediaTek Genio IoT Platform’s innovation, quicker market access, and more than a decade of longevity. A range of IoT chipsets called MediaTek Genio IoT is designed to enable and lead the way for innovative gadgets. to cooperation and support from conception to design and production, MediaTek guarantees success. MediaTek can pivot, scale, and adjust to needs thanks to their global network of reliable distributors and business partners.

Genio 510 features

Excellent work

Broad range of third-party modules and power-efficient, high-performing IoT SoCs

AI-driven sophisticated multimedia AI accelerators and cores that improve peripheral intelligent autonomous capabilities

Interaction

Sub-6GHz 5G technologies and Wi-Fi protocols for consumer, business, and industrial use

Both powerful and energy-efficient

Adaptable, quick interfaces

Global 5G modem supported by carriers

Superior assistance

From idea to design to manufacture, MediaTek works with clients, sharing experience and offering thorough documentation, in-depth training, and reliable developer tools.

Safety

IoT SoC with high security and intelligent modules to create goods

Several applications on one common platform

Developing industry, commercial, and enterprise IoT applications on a single platform that works with all SoCs can save development costs and accelerate time to market.

MediaTek Genio 510

Smart retail, industrial, factory automation, and many more Internet of things applications are powered by MediaTek’s Genio 510. Leading manufacturer of fabless semiconductors worldwide, MediaTek will be present at Embedded World 2024, which takes place in Nuremberg this week, along with a number of other firms. Their most recent IoT innovations are on display at the event, and They’ll be talking about how these MediaTek-powered products help a variety of market sectors.

They will be showcasing the recently released MediaTek Genio 510 SoC in one of their demos. The Genio 510 will offer high-efficiency solutions in AI performance, CPU and graphics, 4K display, rich input/output, and 5G and Wi-Fi 6 connection for popular IoT applications. With the Genio 510 and Genio 700 chips being pin-compatible, product developers may now better segment and diversify their designs for different markets without having to pay for a redesign.

Numerous applications, such as digital menus and table service displays, kiosks, smart home displays, point of sale (PoS) devices, and various advertising and public domain HMI applications, are best suited for the MediaTek Genio 510. Industrial HMI covers ruggedized tablets for smart agriculture, healthcare, EV charging infrastructure, factory automation, transportation, warehousing, and logistics. It also includes ruggedized tablets for commercial and industrial vehicles.

The fully integrated, extensive feature set of Genio 510 makes such diversity possible:

Support for two displays, such as an FHD and 4K display

Modern visual quality support for two cameras built on MediaTek’s tried-and-true technologies

For a wide range of computer vision applications, such as facial recognition, object/people identification, collision warning, driver monitoring, gesture and posture detection, and image segmentation, a powerful multi-core AI processor with a dedicated visual processing engine

Rich input/output for peripherals, such as network connectivity, manufacturing equipment, scanners, card readers, and sensors

4K encoding engine (camera recording) and 4K video decoding (multimedia playback for advertising)

Exceptionally power-efficient 6nm SoC

Ready for MediaTek NeuroPilot AI SDK and multitasking OS (time to market accelerated by familiar development environment)

Support for fanless design and industrial grade temperature operation (-40 to 105C)

10-year supply guarantee (one-stop shop supported by a top semiconductor manufacturer in the world)

To what extent does it surpass the alternatives?

The Genio 510 uses more than 50% less power and provides over 250% more CPU performance than the direct alternative!

The MediaTek Genio 510 is an effective IoT platform designed for Edge AI, interactive retail, smart homes, industrial, and commercial uses. It offers multitasking OS, sophisticated multimedia, extremely rapid edge processing, and more. intended for goods that work well with off-grid power systems and fanless enclosure designs.

EVK MediaTek Genio 510

The highly competent Genio 510 (MT8370) edge-AI IoT platform for smart homes, interactive retail, industrial, and commercial applications comes with an evaluation kit called the MediaTek Genio 510 EVK. It offers many multitasking operating systems, a variety of networking choices, very responsive edge processing, and sophisticated multimedia capabilities.

SoC: MediaTek Genio 510

This Edge AI platform, which was created utilising an incredibly efficient 6nm technology, combines an integrated APU (AI processor), DSP, Arm Mali-G57 MC2 GPU, and six cores (2×2.2 GHz Arm Cortex-A78& 4×2.0 GHz Arm Cortex-A55) into a single chip. Video recorded with attached cameras can be converted at up to Full HD resolution while using the least amount of space possible thanks to a HEVC encoding acceleration engine.

FAQS

What is the MediaTek Genio 510?

A chipset intended for a broad spectrum of Internet of Things (IoT) applications is the Genio 510.

What kind of IoT applications is the Genio 510 suited for?

Because of its adaptability, the Genio 510 may be utilised in a wide range of applications, including smart homes, healthcare, transportation, and agriculture, as well as industrial automation (rugged tablets, manufacturing machinery, and point-of-sale systems).

What are the benefits of using the Genio 510?

Rich input/output choices, powerful CPU and graphics processing, compatibility for 4K screens, high-efficiency AI performance, and networking capabilities like 5G and Wi-Fi 6 are all included with the Genio 510.

Read more on Govindhtech.com

#genio #genio510 #MediaTek #govindhtech #IoT #AIAccelerator #WIFI #5gtechnologies #CPU #processors #mediatekprocessor #news #technews #technology #technologytrends #technologynews

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prettymunchkin · 6 months

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Unlocking the Future: AI's Hidden Potential in Real Estate

In an era characterized by rapid technological advancements, industries across the board are witnessing transformative changes, and the real estate sector is no exception. As AI continues to permeate various aspects of our lives, its potential to empower the real estate industry remains largely untapped. In this blog post, we'll explore the unique ways in which AI can revolutionize the real estate landscape, unlocking new opportunities and reshaping traditional practices.

Democratizing Access to Real Estate Investment: Traditionally, investing in real estate has been perceived as exclusive to those with substantial capital and industry expertise. However, AI-powered platforms are democratizing access to real estate investment by offering fractional ownership and crowdfunding opportunities. Through algorithms that analyze market trends and assess investment risks, these platforms enable individuals to diversify their portfolios and participate in lucrative real estate ventures with lower barriers to entry.

Sustainable Development and Green Building Initiatives: As sustainability becomes a key priority in urban development, AI can play a pivotal role in advancing green building initiatives. Machine learning algorithms can optimize building designs for energy efficiency, leverage IoT sensors to monitor resource consumption, and forecast environmental impacts. By integrating AI-driven sustainability solutions into real estate projects, developers can minimize carbon footprints, reduce operational costs, and create healthier living environments for occupants.

Enhancing Urban Planning and Smart Cities: AI's ability to process vast amounts of data can revolutionize urban planning and contribute to the realization of smart cities. By analyzing demographic trends, traffic patterns, and infrastructure requirements, AI algorithms can optimize land use, improve transportation networks, and enhance urban resilience. Through predictive modeling and scenario analysis, city planners can make data-driven decisions that foster sustainable growth, mitigate congestion, and enhance quality of life for residents.

Empowering Real Estate Agents with Intelligent Assistants: Real estate agents juggle numerous tasks, from lead generation to property management, often leading to time constraints and inefficiencies. AI-powered virtual assistants can alleviate this burden by automating repetitive tasks, such as scheduling appointments, responding to inquiries, and generating personalized property recommendations. By leveraging natural language processing and sentiment analysis, these intelligent assistants can enhance customer engagement, streamline workflows, and enable agents to focus on high-value activities.

Predictive Analytics for Property Development: AI-driven predictive analytics offer valuable insights into future property trends and demand dynamics, guiding developers in making informed decisions throughout the development lifecycle. By analyzing factors such as population growth, economic indicators, and consumer preferences, AI algorithms can identify prime locations for new developments, optimize property designs, and forecast market demand with greater accuracy. This proactive approach minimizes investment risks and maximizes returns on real estate projects.

Cultural Preservation and Heritage Conservation: Preserving cultural heritage sites and historic buildings is crucial for maintaining a sense of identity and preserving collective memory. AI technologies, such as computer vision and image recognition, can aid in the documentation, restoration, and conservation of cultural landmarks. By digitizing architectural artifacts, analyzing structural integrity, and simulating restoration scenarios, AI contributes to the preservation of cultural heritage for future generations to appreciate and cherish.

Conclusion:

As we navigate the complexities of an ever-evolving real estate landscape, embracing AI's transformative potential is key to unlocking new opportunities and addressing emerging challenges. From democratizing access to investment opportunities to advancing sustainable development initiatives, AI empowers stakeholders across the real estate industry to innovate, adapt, and thrive in a rapidly changing world. By harnessing AI's capabilities, we can build more resilient, inclusive, and sustainable communities for generations to come.

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marketinsight1234 · 6 months

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Indonesia Smart Cities Market Outlook for Forecast Period (2023 to 2030)

Indonesia's Smart Cities are Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

The development of smart cities revolves around the utilization of cutting-edge technologies and data analytics to optimize urban systems. Key components include the implementation of the Internet of Things (IoT) infrastructure, which involves the deployment of connected devices and sensors to gather real-time data.

This data is then analyzed to provide valuable insights that inform decision-making by city officials. Smart mobility solutions play a vital role in improving transportation networks, easing traffic congestion, and promoting eco-friendly transit options. E-governance platforms are adopted to streamline administrative processes and facilitate seamless citizen-government interactions.

Sustainability initiatives are emphasized, including energy-efficient buildings, renewable energy integration, waste management, and environmental conservation. Moreover, citizen engagement is fostered through digital platforms, allowing residents to actively participate in shaping urban policies and providing feedback to authorities.

One of the notable examples of smart city development in Indonesia is the "Jakarta Smart City" initiative. As the capital and most populous city in the country, Jakarta faces numerous urban challenges such as traffic congestion, waste management, and environmental pollution. To tackle these issues, the Jakarta Smart City program leverages technology and data to improve various urban services. Real-time traffic data is collected through IoT sensors to optimize transportation routes and manage traffic flow efficiently.

Waste management is enhanced by implementing smart waste bins that alert authorities when they need to be emptied, reducing unnecessary waste collection trips. Moreover, the program employs digital platforms and mobile applications to engage citizens, allowing them to access information about city services, report issues, and participate in decision-making processes. These efforts have aimed to transform Jakarta into a more sustainable, efficient, and citizen-centric smart city.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @

The latest research on the Indonesia Smart Cities market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indonesia Smart Cities industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indonesia Smart Cities market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Market Driver:

One of the key drivers propelling the growth of the Indonesia Smart Cities market is the government's strong commitment to urban development and digital transformation. Initiatives such as the 100 Smart Cities Movement and various smart city pilot projects across the archipelago are driving the integration of smart technologies. The government's emphasis on creating efficient and sustainable urban ecosystems through the adoption of smart solutions is encouraging both public and private sector investments. As a result, there is a growing demand for intelligent infrastructure, smart transportation systems, and data-driven governance to address the challenges of rapid urbanization.

Market Opportunity:

An exciting opportunity within the Indonesia Smart Cities market lies in the development of smart transportation systems. As urbanization accelerates, traffic congestion and transportation inefficiencies pose significant challenges. Implementing smart transportation solutions, including intelligent traffic management, integrated public transportation systems, and the adoption of electric vehicles, can greatly enhance urban mobility. The integration of these technologies not only addresses current challenges but also creates a foundation for sustainable and future-ready urban transportation. Entrepreneurs and businesses investing in smart transportation solutions stand to benefit from a burgeoning market with the potential to transform how people and goods move within cities.

Leading players involved in the Indonesia Smart Cities Market include:

PT Aplikanusa Lintasarta (Indonesia), PT Telkom (Telekomunikasi Indonesia Tbk) (Indonesia), PT XL Axiata Tbk (Indonesia), Siemens (Germany), Schneider Electric (France), Philips (Netherlands), Huawei Tech Investment (China), PT Waskita Karya (Indonesia), PT KAI Commuter Jabodetabek (Indonesia), PT Indosat Ooredoo (Indonesia), PT Link Net Tbk (First Media) (Indonesia), PT Surya Semesta Internusa (Indonesia), Ace Hardware Tbk (US), PT Sinar Mas Land (Indonesia), PT Cipta Kridatama (Indonesia), SICE (Spain), PT Cyberindo Aditama (CBN) (Indonesia), PT Sampoerna Telekomunikasi Indonesia (STI) (Indonesia), PT Pelayaran Tempuran Emas Tbk (TEMAS) (Indonesia), PT Bangun Cipta Kontraktor (BCK) (Indonesia), and Other Major Players.

If You Have Any Query Indonesia Smart Cities Market Report, Visit:

Segmentation of Indonesia Smart Cities Market:

By Solution and Service

Smart Mobility Management

Smart Public Safety

Smart Healthcare

Smart Building

Smart Utilities

Others

By Component

Hardware

Software

Service

By Level

Emerging Smart Cities

Developing Smart Cities

Mature Smart Cities

By End-user

Government & Municipalities

Transportation & Logistics

Energy & Utilities

Healthcare

Education

Others

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larrysavagebirmingham · 8 months

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Larry Savage Birmingham About Logistics Challenges And How To Overcome Them

Logistics managers are now more aware of the need to obtain vital information instantly due to the pandemic. Additionally, it encouraged warehouse managers to be proactive in mitigating risks related to supply and demand. Today, machine learning software that analyzes real-time data can help prevent both overstock and out-of-stock. This is similar to IoT sensors assisting transportation businesses in tracking goods throughout the route. So, to learn more, read Larry Savage Jr Birmingham – Challenges That Necessitate The Need For An Organized Logistics Industry to level up your business performance.

Strengthen communication at all levels

A vital component of surviving in business is anticipating logistical obstacles and knowing how to overcome them. You should include improving communication with the participants in your global supply chain in your planning. You might even wish to create connections with far-off logistical companies to increase your marketing reach if your company is local. In order to stay informed about the state of the resources supporting your products and market, it's critical to keep in constant contact with your suppliers.

Establish standards for suppliers and partners

If businesses follow different standards, it could confuse some of them when arranging many deliveries daily with several supply chain managers. Logistics operations are considerably more streamlined and coherent when every service follows the same loading and unloading procedures. Supply chain visibility can also be maximized for all participants in this coordination through smart technology and interconnected electronic networks.

Invest in the right technology

Companies today are also overspending on the latest software and hardware developments due to the quick changes in business technology. Spending less on technology to achieve maximum efficiency is now possible if you use cloud technologies.

If your business is operating on a tight budget, cloud services offer the most economical options. A warehouse might think about collaborating with logistics industry specialists if it needs additional flexibility, scalability, or experience.

Using third-party logistics providers to carry goods to markets is one way for businesses that can't afford to invest in creating a logistics service that makes use of automation, robots, and artificial intelligence.

Reduce warehouse management errors

An infrastructure's likelihood of errors decreases as it becomes more digital through automation or improved access to pertinent real-time data.

Adopting warehouse management software with integrations to new and innovative technologies like 5G, AI, and IoT has become crucial in this century. You can use these technologies to gather and archive important logistics data.

Proper placement of warehouse inventory products is also crucial to avoid a cascade of disruptions.

Then, to prepare items for delivery, they must be carefully chosen and packed. Incomplete orders and incorrect delivery information are two common order fulfillment mistakes that still happen. Warehouse managers can effectively decrease these errors by using more vigilant supervision and enhanced picking and packing confirmation protocols.

Final thoughts

In the future, meeting customer needs will be the hardest task for the logistics industry. So, improving warehouse structure and layout by analyzing logistics will help you. Lastly, don’t read Larry Savage Birmingham — Know About The Basics Of Stock Options Trading to keep your fortunes thriving.

#Larry Savage Birmingham #Logistics Challenges #Logistics Expert #Logistics Industry #business owner #business ideas #business strategy

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techscopetechnologiesltd · 1 year

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Revolutionizing Manufacturing: Top Trends to Watch in 2023

The manufacturing industry faced several challenges in 2022, including disruptions in the supply chain, transportation difficulties, worker shortages, and inflation. As a manufacturing company, it is essential to stay informed about the emerging industrial developments to prevent the issues that plagued the industry last year.

However, one thing we can tell you for sure is, having the right technology in place can bring you closer to gaining a competitive edge and adapting to the changing industry dynamics. To help manufacturing businesses gain this edge, we offer next generation SAP ERP solution.

What are some technological trends the manufacturing industry can expect in 2023?

Industry 4.0 and Digital Transformation

Industry 4.0 and digital transformation will continue to be major drivers of innovation in the manufacturing industry in 2023. With the rise of the Internet of Things (IoT), Artificial Intelligence (AI), and other advanced technologies, manufacturers will have unprecedented access to real-time data, which will enable them to optimize their operations and improve efficiency. By integrating digital technologies across the entire supply chain, manufacturers will be able to achieve greater flexibility, agility, and responsiveness to changing market demands.

Advanced Robotics and Automation

As the cost of robotics and automation technology continues to decrease, we can expect to see an increased adoption of these technologies in the manufacturing industry. Robotics and automation can help manufacturers reduce labor costs, improve quality and consistency, and increase productivity. With the advent of more advanced robotics and automation systems, we can expect to see greater levels of collaboration between human workers and robots, as well as the development of more complex and sophisticated automation systems.

Sustainability and Green Manufacturing

As the world becomes increasingly aware of the impact of climate change, sustainability and green manufacturing will become more important in 2023. Manufacturers will need to find ways to reduce their environmental impact, including the use of renewable energy sources, the reduction of waste and emissions, and the adoption of sustainable materials and processes. Customers are also becoming more conscious of their environmental impact, which means that manufacturers who prioritize sustainability will be more competitive in the marketplace.

Additive Manufacturing

Additive manufacturing, also known as 3D printing, is a rapidly growing technology that is changing the way manufacturers design, prototype, and produce products. In 2023, we can expect to see an increased adoption of additive manufacturing technologies, particularly in industries such as aerospace, healthcare, and automotive. With the ability to produce highly complex parts and components on-demand, additive manufacturing will enable manufacturers to achieve greater levels of customization and flexibility.

Reshoring and Nearshoring

The COVID-19 pandemic has highlighted the risks of global supply chains and the importance of resilience and agility in manufacturing. In 2023, we can expect to see more manufacturers exploring reshoring and nearshoring strategies to reduce their reliance on overseas suppliers and improve their ability to respond to changing market conditions. By bringing production closer to home, manufacturers can reduce lead times, improve quality control, and reduce transportation costs.

In conclusion, the manufacturing industry is set to undergo significant changes in 2023, driven by digital transformation, advanced robotics and automation, sustainability, additive manufacturing, and reshoring and nearshoring. Manufacturers who stay ahead of these trends will be better equipped to compete in an increasingly complex and competitive global marketplace.

If you want to transform your business by implementing latest solutions, get in touch with the team of Techscope Technologies.

Source: https://techscope.co.in/revolutionizing-manufacturing-top-trends-to-watch-in-2023/

#SAP ERP solution #SAP #ERP #Industry 4.0

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transformhubb · 1 year

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10 Breakthrough Technologies & Their Use Cases in 2023

Today's technology is developing quickly, enabling quicker changes & advancements and accelerating the rate of change.

For instance, the advancements in machine learning (ML) and natural language processing (NLP) have made artificial intelligence (AI) more common in 2023, as part of a digital transformation solutions.

Technology is still one of the main drivers of global development. Technological advancements provide businesses with greater opportunities to increase efficiency and develop new products.

Business leaders can make better plans by keeping an eye on the development of new technologies, foreseeing how businesses might use them, and comprehending the factors that influence innovation and adoption, even though it is still difficult to predict how technology trends will pan out.

Here are the top 10 emerging technology trends you must watch for in 2023.1. AI that creates graphics and assists with payment

The year of the AI artist is now. With just a few language cues, software models created by Google, OpenAI, and others can now produce beautiful artwork.

You may quickly receive an image of almost anything after typing in a brief description of it. Nothing will ever be the same.

A variety of industries, including advertising, architecture, fashion, and entertainment, now employ AI-generated art.

Realistic visuals and animations are made using AI algorithms. Also, new genres of poetry and music are being created using AI-generated art.

Moreover, AI will simplify the purchasing and delivery of products and services for customers.

Nearly every profession and every business function across all sectors will benefit from AI.

The convenience trends of buy-online-pickup-at-curbside (BOPAC), buy-online-pickup-in-store (BOPIS), and buy-online-return-in-store (BORIS) will become the norm as more retailers utilize AI to manage and automate the intricate inventory management operations that take place behind the scenes. 2. Progress in Web3

Also, 2023 is witnessing a huge advancement in blockchain technology as businesses produce more decentralized products and services.

We now store everything on the cloud, for instance, but if we decentralized data storage and encrypted that data using blockchain, our information would not only be secure but also have novel access and analysis methods.

In the coming year, non-fungible tokens (NFTs) will be easier to use and more useful.

For instance, NFT concert tickets may provide you access to behind activities and artifacts.

NFTs might represent the contracts we sign with third parties or they could be the keys we use to engage with a variety of digital goods and services we purchase. 3. Datafication

The breakthroughs described in the list of technological trends for 2023 will inevitably lead to the datafication of many businesses.

The act of converting or changing human jobs into data-driven technology is referred to as the process.

It is the first important development toward a fully data-driven society. Other branches of the same customer-centric analytical culture include workforce analytics, product behavior analytics, transportation analytics, health analytics, etc.

Due to the vast number of linked Internet of Things (IoT) devices, it is possible to analyze a company's strengths, weaknesses, risks, and opportunities using a greater number of data points.

According to Fittech, when the market for datafying sectors surpasses $11 billion in 2022, it is evolving into a profitable business model. 4. Certain aspects of the Metaverse will become actual

The term "metaverse" has evolved to refer to a more immersive internet in which we will be able to work, play, and interact with one another on a persistent platform.

According to experts, the metaverse will contribute $5 trillion to the world economy by 2030, and 2023 is the year that determines the metaverse's course for the next ten years.

The fields of augmented reality (AR) and virtual reality (VR) will develop further.

In the coming year, avatar technology will also progress. If motion capture technology is used, avatars will even be able to mimic our body language and movements. An avatar is a presence we portray when we interact with other users in the metaverse.

Further advancements in autonomous AI-enabled avatars that can represent us in the metaverse even when we aren't signed in to the virtual world may also be on the horizon.

To perform training and onboarding, businesses are already utilizing metaverse technologies like AR and VR, and this trend will pick up steam in 2023. 5. Bridging the digital & physical world

The digital and physical worlds are already beginning to converge, and this tendency will continue in 2023. This union consists of two parts: 3D printing and digital twin technologies.

Digital twins are virtual models of actual activities, goods, or processes that may be used to test novel concepts in a secure online setting.

To test under every scenario without incurring the enormous expenses of real-world research, designers, and engineers are adopting digital twins to replicate actual things in virtual environments.

We are witnessing even more digital twins in 2023, in everything from precise healthcare to machinery, autos, and factories. This is a part of the best digital transformation solutions in this new era.

Engineers may make adjustments and alter components after testing them in the virtual environment before employing 3D printing technology to produce them in the actual world. 6. More human-like robots are coming

Robots will resemble humans even more in 2023, both in terms of look and functionality.

These robots will serve as event greeters, bartenders, concierges, and senior citizens' companions in the real world.

While they collaborate with people in production and logistics, they will also carry out complicated duties in factories and warehouses.

One business, Tesla, is working hard to develop a humanoid robot that will operate in our homes.

Two Optimus humanoid robot prototypes were unveiled by Elon Musk, who also stated that the business will be prepared to accept orders in the next few years.

The robot is capable of carrying out simple duties like watering plants and lifting objects. 7. Digitally Immune Systems

The launch of the Digital Immune System must be included in any list of technological trends for 2023.

This system alludes to an architecture made up of techniques taken from the fields of software design, automation, development, operations, and analytics. By eliminating flaws, threats, and system weaknesses, it tries to reduce company risks and improve customer satisfaction.

The significance of DIS resides in automating the many components of a software system to successfully thwart virtual attacks of every description.

According to Gartner, businesses that have already implemented DIS will reduce customer downtime by around 80% by 2025.

So, if you are looking for the best digital transformation services company to introduce digital immune systems, TransformHub is here to guide you. 8. Genomics

Genomic research has improved our grasp of life and contemporary health analytics while also advancing our understanding of brain networks.

In the upcoming years, fast-developing technologies such as scarless genome editing, pathogen intelligence, and NGS data analysis platforms will use AI to interpret hidden genetic codes and patterns, elevating genomic data analysis and metagenomics to the top positions in the biotech sector.

Functional genomics, which uses epigenome editing to reveal the influence of intergenic areas on biological processes, is becoming more prevalent in 2023 technology trends. 9. CRISPR

The gene-editing technology, CRISPR, has quickly moved from the lab to the clinic during the past ten years.

Clinical trials for common illnesses, such as excessive cholesterol, have lately been included. It originally started with experimental therapies for uncommon genetic abnormalities and might advance things much further with new variants.

Due to its ease of usage, CRISPR is quickly becoming a common technology employed in many cancer biology investigations.

Moreover, CRISPR is entirely adaptable. It is more accurate than existing DNA-editing techniques and can essentially modify any DNA segment within the 3 billion letters of the human genome.

The simplicity of scaling up CRISPR is an additional benefit.

To control and analyze hundreds or thousands of genes at once, researchers can utilize hundreds of guides RNAs. This kind of experiment is frequently used by cancer researchers to identify genes that might be potential therapeutic targets. 10. Growth of Green Technology

Climate change is a fact. It is a rising issue that disturbs governments and society at large and poses a threat to human health and the environment.

The use of so-called green technology is one method of combating global warming.

Globally, scientists and engineers are working on technical solutions to reduce and get rid of everything that contributes to climate change and global warming.

Here are some incredible uses for the same:

Emissions reduction

Waste-to-Energy

Management of waste and recycling

Biofuels

Treatment of wastewater

Solar power

Tidal and wave power

Green vehicles

Smart structures

Farms and gardens in the air

TransformHub: Keeping Ahead of Technological Trends

These innovations have the power to completely alter the way we live, work, and interact. It's critical to be informed about these changes and take their effects into account.

The epidemic has sped up the necessary industry-wide human-AI collaboration and it looks like 2023 will be the year we catalyze this cooperation into some truly extraordinary inventions.

For more information on how contemporary automation and AI are fusing all the defining industries of our era into a single data-driven civilization, stay up-to-date with one of the best digital transformation companies in Singapore, TransformHub.

We take complete accountability to digitally transform your business by providing precisely tailored solutions based entirely on your requirements.

Let’s connect and bring your vision to life!

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logisticsandtransportation · 2 years

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Location Infrastructure: The Future of Logistics

Modern consumers seek things that are both reasonably priced and easily accessible at any time in today's globalized and connected culture. Supply chains must be dependable and robust for this.

The weakest connection in supply chains determines how robust the network is, and as recent years have shown, transportation is typically that weak link. Logistics is the more accessible and more effective transportation and management of a complicated activity. In business, logistics is the movement of goods from their origin to their final destination to satisfy the demands of clients or companies.

Some companies use drones for international courier services and ocean freight forwarding services. This will reduce the time it takes to deliver packages from days to hours. Therefore, businesses can deliver the value consumers want without blowing their budgets on transportation logistics or impeding the flow of commodities vital to the global economy.

Opportunity in India

One of the largest in the world in terms of logistics, India offers a substantial market opportunity. The industry, which includes transportation, warehousing, and other supply-chain solutions spanning from the suppliers to the end customers, logistics as an industry is essential for the nation's economic progress.

Role of Technology

Society is evolving thanks to technology. The world is heading toward automation in a big way, and businesses are less and less interested in activities that need physical labour or human interaction.

Technology enhances interconnections between various industries and companies by meeting client requests and facilitating effective business tactics that increase revenue and lessen rivalry. The logistics sector has been significantly touched by technology.

Several technologies are altering the future of the logistics sector.

Automation

Automation enhances a machine's productivity by utilizing data from software to produce the best outcomes with high precision. Automation benefits everything from better package labelling to effective warehouse sorting systems and quick deliveries. Future leaders in logistics will be the companies that use automation first.

Systems for tracking shipments

Users can keep an eye on and track their shipments by using it. It offers customer account information on the consignment assigned to them, customized reports, and notifications for shipments and messages. These systems improve the user experience.

Internet of Things (IoT)

The Internet of Things (IoT) is a network where physical things are implanted with microchips and software to enable communication with other devices. The logistics sector has been utilizing IoT devices to gather data, lessen superfluous duties, and streamline processes.

Radio waves are used by Radio Frequency Identification (RFID) RFID to read data stored in RFID tags or smart labels. These radio waves assist in locating, identifying, and communicating with both people and objects.

An antenna, an RFID tag, and an RFID reader make up an RFID system. An integrated circuit and an antenna make up RFID tags, which transmit data to an RFID reader (also known as an interrogator).

The reader assists in converting the radio waves into more meaningful data. The operating systems get the information received from tags through a communication interface, which is then saved in a database and later processed for analysis.

Automated vehicles and drones

Drones could soon be used to deliver our orders thanks to technology. We can already see autonomous trucks on the road in the next few years.

GPS accuracy was improved

In the past, printed maps were utilized to navigate distant locations, but with the advancement of technology, today, cars come equipped with GPS. These gadgets' accuracy has dramatically improved over the years, which has helped disgruntled and lost drivers and the supply chain. By tracking the whereabouts of trucks and facilitating a simple route thanks to access to up-to-date traffic information, GPS's high precision enables higher production and delighted consumers.

Social media

The power of social media is enhancing operations and the logistics sector as a whole. These platforms are increasingly the simplest and most effective means for businesses to interact with customers and swiftly disseminate important information, market news, and client feedback.

Blockchain

Blockchain has a lot to offer the logistics sector. Automating the process, minimizing paperwork, and improving inventory transparency and traceability, enables businesses to operate more efficiently. Since all data is exchanged from the manufacturing site until it reaches the end user, supply chains are more secure.

Robotics

Like automated devices, robots are made to carry out human activities. It performs human movements and tasks and has a human appearance. The logistics sector can benefit from this feature. The logistics sector has found it challenging to meet market demand due to the massive growth of e-commerce, a problem that robotics has resolved. In addition to taking less time than people, it is also more productive.

Conclusion

The global supply chain's productivity has increased thanks to technology, which has also decreased expenses and errors. Transportation, international courier service transportation (by sea and air), supply chain management, and shipment tracking are examples of how the logistics industries have benefited. Many businesses offer solutions to the logistics sector to make their jobs easier. This company is making great future benefits for its clients.

#air freight #ocean freight #sea freight #logistics #transportation #shipping and freight forwarder

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adalidda · 2 years

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Illustration Photo: Sugarcane is one of the most efficient producers of biomass of all plant species and can be used as a renewable fuel. The new variety Ho 06-9002 has a high fiber content, excellent regrowth ability over 4 to 5 years, is cold-tolerant, has a high stalk population, and produces excellent biomass yields. (credits: USDA Media by Lance Cheung / Public domain)

Repsol Entrepreneurs Fund for Startups in the Energy Transition

At the Repsol Foundation, we have been supporting entrepreneurship and entrepreneurs for more than 10 years through Fondo de Emprendedores, our accelerator for start-ups that provide technological solutions to meet the challenges of the Energy Transition. This is a perfect program for start-ups in the testing phase with real customers, or that will reach this phase in 1–2 years.

This program aims to accelerate startups working in any of the following:

SCOPE 1: LOW-CARBON ENERGY TECHNOLOGIES AND CIRCULAR ECONOMY 1. Recycling and treatment technologies: conversion of biomass, new processes for converting waste into chemical products 2. Biogas production, upgrading, transport and end use technologies 3. Low environmental impact H2 renewable solutions for production, blending, transport and storage 4. Advanced biofuel production and conversion technologies (liquefaction or de novo, gasification) and synthetic fuels for road, maritime and aviation transport 5. Processing of chemicals and other organic materials for circular economy 6. Low-carbon lubricants for industrial and automotive applications 7. CO2 Capture, Use and/or Storage Technologies. CO2 Direct Air Capture: new absorbent materials and efficient process design 8. COX, H2 conversion processes to Hydrocarbons 9. Low carbon technologies for Oil & Gas operations, including energy efficiency, GHG direct emissions (scopes 1 and 2), Methane emissions, CCS or Geothermal. 10. Other technologies related to this scope’s heading

SCOPE 2: BIOTECHNOLOGY AND NANOTECHNOLOGY FOR SUSTAINABLE SOLUTIONS 1. Bio conversion of organic material to chemicals. Biorefinery, biofactory 2. Protein engineering, development of biocatalysts and enzymes 3. Gene editing technologies and applications in energy and materials 4. Plastic biodegradation technologies 5. Biosensors design, production and end use. 6. Anti-corrosive, anti-bacterial, thermal nanocoating for pipelines and infrastructures 7. Organic and inorganic membrane technologies, including new materials 8. Improvement of the properties of fuels, lubricants and chemicals 9. Other technologies related to this scope’s heading

SCOPE 3: PRODUCTS AND SERVICES BASED ON ENERGY MANAGEMENT AND RENEWABLES 1. Intelligent energy management systems 2. New batteries and fuel cells technologies 3. Distributed energy solutions 4. Energy conversion and storage systems 5. Advanced mobility solutions 6. Renewable energy generation, maintenance and control and commercialization. 7. Other technologies related to this scope’s heading

SCOPE 4: DIGITAL TECHNOLOGIES FOR THE ENERGY SECTOR 1. Artificial intelligence applied to process optimization and energy efficiency. 2. Digital twins and intelligent interfaces for process control 3. Digital technologies for predictive and prescriptive maintenance 4. Smart trading for the energy marketplace 5. Computational chemistry tools for energy applications 6. Remote sensing, IoT and robotic solutions for industrial assets and environment 7. Quantum computing applications in energy sector 8. Other technologies related to this scope’s heading SCOPE 5: NATURAL SOLUTIONS FOR CARBON FOOTPRINT REDUCTION 1. Reforestation and afforestation technologies for resilient CO2 absorption sinks 2. Advanced monitoring, reporting and verification technologies in CO2 absorption 3. Digital technologies applied to carbon markets value chain 4. Technologies for ESG (Environmental, Social and Governance) project certification 5. Other technologies related to this scope’s heading

Startups admitted to the Program will receive during the acceleration period a contribution of FIVE THOUSAND EUROS (€ 5,000) per month as ordinary funds. Additionally, admitted Startups may request up to a maximum of FORTY THOUSAND EUROS (€ 40,000) per year as extraordinary funds for strategic expenses to achieve the milestones of the Work Plan (as defined in section 4.4), mainly to complete the pilot test. The disbursement of this additional contribution will be subject to the exclusive decision of Fundación Repsol.

Application Deadline: March 10, 2023

Check more https://adalidda.com/posts/c4qmPwNwToZAAbf2L/repsol-entrepreneurs-fund-for-startups-in-the-energy/call

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blowhorn39 · 2 years

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2023 Wrapped: Here Are Top 10 Logistics Trends That Defined The Year

2023 has been a year of new beginnings for the Indian logistics industry. It is the year logistics companies bounced back from the post-pandemic slump and set out to recover from their losses. The year also witnessed a steady growth in eCommerce, with the spotlight on quick commerce and last mile logistics. The later part of 2023 saw the government extending generous support to digital commerce and logistics, through initiatives like Open Network for Digital Commerce (ONDC) and National Logistics Policy (NLP).

Looking back, we can confidently assert that 2023 has been a good year for India’s logistics sector. From the increased focus on supply chain sustainability to extensive experimentation with drone deliveries, here are the top trends that defined logistics this year.

1. Greener transportation and supply chain

The amount of greenhouse gases generated by India’s transportation sector has nearly tripled since the 1990s, accounting for over 14% of our total energy emissions. The problem is quite severe if we take into account the massive carbon footprint left by India’s booming supply chain.

In 2022, there was a rise in awareness around cleaner and greener logistics practices, with a nudge on electrifying India’s cargo transportation. Logistics and transportation startups unveiled their fleet of electric (EV) and clean energy vehicles. At Blowhorn, we converted 30% of our fleet to clean fuels and took the pledge of running 100% of our fleet on clean energy by 2025.

In addition, other green practices like solar-powered warehousing, eco-friendly packaging and paperless invoicing were also adopted widely.

2. Third party logistics

The concept of third-party logistics (3PL) took off in India only a few years back. In 2022, India’s 3PL market reached a staggering $58.4 Bn in valuation, with a projected annual growth of 7.42%.By 2027, the market is estimated to reach more than $83.53 Bn.

The 3PL market is primarily driven by manufacturing, FMCG, retail and eCommerce sectors — all of which experienced commendable growth this year. Keeping in mind the needs of the modern Indian entrepreneur, 3PL service providers are also improving their operational speed with the incorporation of technology.

In the coming days, development of infrastructures like logistics parks, dedicated freight corridors, free trade warehousing zones, and container freight stations are expected to improve the efficiency of the Indian 3PL market.

3. Higher investment in technology

With higher investment technology seeping into eCommerce, retail, education, hospitality, finance, and all other sectors, why should logistics be left behind? With increasing market demand for superfast delivery, Indian logistics startups invested more on modern technology to boost their operations.

Experts believe that India is headed towards a technological revolution in logistics. Tech like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT) are optimally benefitting the supply chain in terms of seamless management, improved route planning, warehouse automation, digital payments and much more.

At Blowhorn, we are already speeding up our deliveries with AI-powered route optimization software. Our automated warehouse management system helps in seamless handling of stored inventory and order dispatch, while we offer a real-time tracking system for all our orders. We have also adopted novel technologies like geo-fencing to reduce the menace of fake delivery attempts.

4. LaaS (Logistics as a Service)

We are well-acquainted with Software as a Service (SaaS) companies. This year saw the emergence of companies following a similar model in fulfillment, offering Logistics as a Service (LaaS). Ideally, this presents a plug and play model for your business’s logistics needs, which you can avail via a simple integration with your 3PL partner.

Blowhorn has set the ball rolling for LaaS in India, offering end-to-end logistics solutions with warehousing, transportation and hyperlocal delivery.

5. Greater supply chain transparency

With rising consumer concerns, logistics stakeholders worked towards improving supply chain visibility and transparency in 2023. Companies are striving to become more transparent with regards to the sustainability of their supply chains. Globally, 2023 saw more companies offering insights on their labor practices, job creation, sourcing methods and compliance with regulatory requirements — in a bid to enhance their brand image among the conscious modern consumer.

6. Blockchain in last mile logistics

While AI is helping to improve speed and efficiency, blockchain has been deemed as a viable solution for more transparency and visibility in last mile logistics. In India and abroad, companies have started incorporating blockchain to optimize the last mile deliveries. The technology has found best use in high value inventory tracking, secure invoicing and payments, fraud detection, improved supply chain transparency, dispute resolution and creating a fair freight marketplace.

With the launch of Open Network for Digital Commerce (ONDC) by the Indian government, there is hope that we will witness further adoption of blockchain in the digital commerce and logistics space. In fact, ONDC itself is a blockchain-based protocol which aims to create a fair and transparent marketplace for small and medium-sized businesses across India. With Blowhorn being one of the early participants of ONDC, we too are waiting and watching the best use case for blockchain in our fulfillment services in the near future to help our customers.

7. Micro-fulfillment > Traditional Warehousing

2022 saw a rise in demand for same day delivery, which is quite difficult to fulfill if your inventory is stocked in a warehouse far away from the customer's location. The longer the delivery distance, the more the delivery time — a simple thumb rule to keep in mind.

This is why top in 2023 opted for micro ecommerce-fulfillment centers or micro-warehouses. The concept of micro-warehousing follows a just-in-time inventory management approach, with goods never staying here for more than a day. The limited inventory is stocked in a network of collocated storehouses at high-demand pincodes. Not only does the process help in reducing a brand’s capital spend on inventory, but it also improves efficiency and decreases resource wastage.

Much before the pandemic, we launched India’s first micro-warehouses or micro-fulfillment centers as an experiment in 2018. Now we maintain an expansive network of micro-warehouses across 28 cities of India. Read this article to find out why more eCommerce startups are choosing micro-fulfillment in 2023-24.

8. Automation in shipping

When it comes to automation in shipping, the process works on a predefined pathway involving packaging, warehousing, material handling and security. In India, the adoption of automation in logistics and shipping has been steadily increasing since the pandemic.

In 2023, 3PL fulfillment companies like Blowhorn incorporated automated solutions to boost efficiency by** reducing overhead costs** and time, streamlining the supply chain and minimizing the chances of manual errors.

9. Extensive focus on hyperlocal logistics

2023 saw a high growth in the hyperlocal space with the emergence of newer players in the quick commerce sector. Meanwhile, eCommerce giants and existing logistics players focused more on faster deliveries to not miss out on their customer needs.

Improved internet penetration led to the growth of fast fulfillment in suburbs and rural belts, thus creating a need for hyperlocal elements like dark stores, micro-ecommerce fulfillment centers along with local delivery jobs.

At Blowhorn, we have developed a platform-agnostic technology to be able to integrate with a wide range of businesses ranging from D2C, marketplaces and omni channel players. Our hyperlocal strategy is defined by AI-based dynamic route planning, real-time order clubbing, automated warehousing, blockchain and even drone deliveries. We are aiming to build a sustainable hyperlocal delivery system to tackle small profit margins, high overhead costs and ever-evolving consumer expectations.

10. Experimentation with Drone Deliveries

Delivery by drones is not new. The idea has been widely explored by logistics providers across India but is yet to be adopted at scale. The idea of mapping a three-dimensional delivery route via drones holds immense potential and has excited the Indian government authorities as well. Jyotiraditya Scindia, the Union Minister for Civil Aviation, has stated the administration’s objective to turn India into a major drone hub by 2030.

Leading logistics players like Blowhorn and others are already chalking out the blueprint to make drone delivery an everyday reality. Gartner predicts that by 2026, more than one million drones will be carrying out retail deliveries, up from 20,000 today. Last year, the Indian government also released the draft of The Drone Rules, 2021, aiming to liberalize drone delivery while fulfilling the safety regulations. Autonomous last-mile delivery via these mini flying machines will significantly determine the growth trajectory of Indian logistics in the upcoming future.

#blow horn #rent monthly #ecommerce #ecommerce fulfillment companies

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strangemusictriumph · 2 years

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Massive IOT (mIOT) Market - Forecast (2022 - 2027)

The market for Massive IoT is forecast to reach $121.4 billion by 2026, growing at a CAGR of 7.1% from 2021 to 2026. The Massive IoT Market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for large scale Automation and machine intelligence. The rising adoption of IoT technology across various industry verticals such as manufacturing, automotive, and healthcare, is driving the market’s growth for bandwidth sensor technologies. With the traditional manufacturing sector amid a digital transformation, the IoT is triggering the next industrial revolution of intelligent connectivity and communication protocols. With the development of wireless networking technologies, especially low power networks, and the emergence of advanced data analytics, a reduction in the cost of connected devices adn indoor asset tracking, are some of the major factors driving the market. The adoption of cloud computing and cloud platform is another factor boosting the market growth during the forecast period 2021-2026.

Report Coverage

The report: “Massive IOT Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Massive IOT Market.

By Platform – Device Management, Application Management, Network Management, Cloud Platform and Others.

By Connectivity – Wireless, Field.

By Component – Hardware (Transmitters, Memory, Processors,Other), Software, Services.

By End User – Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential, Other.

By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, and Others), and RoW (Middle east and Africa).

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Key Takeaways

The Massive IoT Market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for large scale Automation. The rising adoption of IoT technology across various industry verticals, such as manufacturing, automotive, and healthcare, is driving the market’s growth.

North America is holding a strong grip in the market, due to the growing role of IoT among the significant revenue-generating end-user industries of the region, driven by the deployment of connected cars, smart facilities, smart energy projects, home automation, and a focus on smart manufacturing.

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Massive IoT Market Segment Analysis - By Platform

The Industrial Internet of Things is the biggest and most important part of the Internet of Things now but consumer applications will catch up from a spending perspective. The growing demand of industrial automation and the penetration of industry 4.0 has boosted the Massive IoT market. The device management of the massive IoT has the largest market growth in the market, as the industrial automation includes mainly device management and machine to machine communication. For instance in March 2020 Cisco and Microsoft announced a partnership for seamless data communication between Cisco IoT and Microsoft Azure IoT cloud.

Massive IoT Market Segment Analysis - By End User

The current and future IoT applications with respect to their requirements and then identify the feasible connectivity technologies for each application category. Massive IoT has played a major role across a variety of verticals by generating new revenue streams and other benefits, such as improved quality. The transportation market is also growing rapidly with the penetration of Massive IoT and the market has already invested $78 billion, just as is the case for the IoT manufacturing market. The main use case in transportation is freight monitoring, remaining a key driver in the market during the forecast period of 2021-2026.

Massive IoT Market Segment Analysis – By Geography

North America is holding a strong grip in the market with 37% share in 2020, due to the growing role of IoT among the significant revenue-generating end-user industries of the region, driven by the deployment of connected cars, smart facilities, smart energy projects, home automation, and a focus on smart manufacturing. The rapid implementation of the digital era across industry verticals and technological advancements have further boosted the growth of IoT in this region. The Massive internet of things (MIoT) market is highly competitive to the presence of many large and small enterprises in the market operating in the domestic as well as in the international market. APAC is an industrial hub of many verticals that makes it the fastest-growing.

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Massive IoT Market Drivers

Technological Advancement

Industry 4.0 and Massive-IoT are at the centre of new technological approaches for the development, production, and management of the entire logistics chain, otherwise known as smart factory automation. The massive change in manufacturing due to industry 4.0 and the implementation of IoT requires enterprises to adopt the smarter way to advance production with technologies that reduce industrial accidents caused by a process failure. This is changing the way industries approach the machines to improve efficiency and reduce downtime. This development in connectivity will lead to a larger base of individuals interested in purchasing IoT devices. The boost in the development of high-speed wireless network technology and the number of devices enabled with this technology are increasing rapidly with the penetration of MIoT. These changes in the industry vertical will be driving the market during the forecast period of 2021-2026.

Technology-enabled solutions to the healthcare organizations

During this Covid-19 pandemic, the vendors are taking this as an opportunity by offering emerging technology-enabled solutions to healthcare organizations. For instance, during the early stage of Covid 19 when the virus was infecting people of Shanghai the Shanghai Public Health Clinical Centre (SPHCC) has utilized the California-based connected health start-up Viva LNK’s continuous temperature measuring device to monitor COVID-19 patients, which reduces the risks of doctors and the nurses being infected by the virus.

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Massive IoT Market Challenges

Security and the Pandemic

Massive IoT has opened serious security breaches that have drawn the attention of top line tech firms and government agencies across the world. The hacking of industrial Instruments, drug infusion pumps, cameras, and even assault rifles are signifying a security nightmare being caused by the future of IoT. Due to the recent outbreak of Covid-19 IOT investment and deployments have certainly slowed down. However, with major disruptions in global healthcare and supply chains, governments, hospitals, and logistics providers are heading to react quickly for a more connected world that could help better address the current crisis and mitigate future ones. The Covid 19 has done major damage to the Massive IoT market by shutting down the industries and ruining the economy. These factors will be restraining the market during the forecast period.

Massive IoT Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Massive IOT market. The Massive IOT market is dominated by major companies such Vates (US), Science Soft (US), HQ Software (Estonia)CISCO (US), Huawei (China), Bosch (Germany), SAP (Germany).

Acquisitions/Technology Launches/Partnerships

In March 2020, Microsoft & Cisco Systems announced a partnership to enable seamless data orchestration from Cisco IOT Edge to Azure IOT Cloud. This partnership will be providing the customers a pre-integrated IOT edge-to-cloud application solution.

In January 2020, IBM Corporation announced a collaboration with Sund & Bælt, which owns and operates some of the largest infrastructures in the world, to assist in IBM's development of an AI-powered IOT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways.

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#Massive IOT (mIOT) Market #Massive IOT (mIOT) Market price #Massive IOT (mIOT) Market share #Massive IOT (mIOT) Market trends #Massive IOT (mIOT) Market report #Massive IOT (mIOT) Market forecast #internet of things

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The Multiservice Provisioning Platform (MSPP) Market is projected to grow from USD 47,795 million in 2024 to USD 65,915.61 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.1% over the forecast period. The Multiservice Provisioning Platform (MSPP) market plays a critical role in modern telecommunications, enabling the convergence of various services such as voice, data, and video onto a single network infrastructure. These platforms offer service providers the ability to efficiently manage multiple communication services across a unified network, reducing costs, increasing network flexibility, and improving scalability. As the demand for higher bandwidth and more efficient network management grows, the MSPP market is poised for significant expansion.

Browse the full report at https://www.credenceresearch.com/report/multiservice-provisioning-platform-market

Understanding Multiservice Provisioning Platforms (MSPP)

Multiservice Provisioning Platforms are network devices that integrate various transport technologies such as Synchronous Optical Networking (SONET), Synchronous Digital Hierarchy (SDH), and Ethernet. They allow for the transmission of different types of services, such as internet, telephony, and video streaming, over a single physical infrastructure. This integration not only simplifies network management but also enhances the efficiency and reliability of the communication network.

The primary functions of MSPPs include the aggregation, switching, and routing of traffic across different network layers. These platforms enable service providers to deliver multiple services over a common infrastructure, reducing the need for separate networks dedicated to each type of service. By converging services, MSPPs help reduce operational costs, improve service delivery times, and enable rapid deployment of new services.

Market Growth Drivers

1. Increasing Demand for High-Speed Internet

With the rapid expansion of cloud computing, IoT devices, and the proliferation of data-driven applications, the demand for high-speed internet is increasing at an unprecedented rate. Enterprises and consumers alike expect fast, reliable internet connections capable of supporting bandwidth-intensive applications. MSPPs are critical in this context, as they allow service providers to deliver high-speed broadband over existing infrastructures while also supporting the integration of future technologies such as 5G.

2. Rise of 5G Networks

The deployment of 5G networks is a significant driver for the MSPP market. 5G promises faster speeds, lower latency, and support for a massive number of connected devices. As service providers upgrade their networks to accommodate 5G, the need for scalable, flexible platforms like MSPPs becomes crucial. These platforms enable the smooth transition from legacy network technologies to next-generation solutions, facilitating the deployment of 5G services.

3. Cost Efficiency and Network Optimization

The cost-efficiency offered by MSPPs is another key driver of market growth. By enabling the convergence of various services onto a single platform, service providers can optimize their network resources and reduce the need for expensive hardware. This consolidation reduces both capital and operational expenditures, making it an attractive proposition for telecommunication companies and internet service providers looking to optimize their infrastructure investments.

4. Growing Need for Enhanced Security

As networks grow more complex and data traffic increases, ensuring the security of communication channels becomes more challenging. MSPPs offer enhanced security features, allowing service providers to manage multiple services securely over a single platform. This added layer of security is especially important in industries like finance, healthcare, and government, where the protection of sensitive data is paramount.

Market Challenges

While the MSPP market is experiencing growth, it is not without challenges. One major challenge is the competition from alternative technologies such as Packet-Optical Transport Systems (P-OTS), which offer similar functionalities. P-OTS systems are gaining popularity due to their ability to integrate packet and optical technologies more efficiently, thus posing a threat to the traditional MSPP market.

Another challenge is the high initial cost of deploying MSPP systems. While these platforms offer long-term cost savings, the upfront investment can be substantial, especially for smaller service providers. This can slow down the adoption of MSPPs in some regions, particularly in developing markets.

Future Outlook

The future of the MSPP market looks promising, driven by advancements in network technologies and the increasing demand for high-speed, secure communication services. The transition to 5G and the growing emphasis on cloud computing and IoT will continue to fuel the demand for multiservice provisioning platforms.

Key Player Analysis:

Cisco Systems, Inc.

Juniper Networks, Inc.

Alcatel-Lucent (acquired by Nokia)

Ciena Corporation

Huawei Technologies Co., Ltd.

Fujitsu Limited

Ericsson AB

NEC Corporation

ZTE Corporation

Infinera Corporation

Segmentations:

By Component

Hardware

Software

Services

By Deployment

On-premises

Cloud-based

By End User

Telecommunications Service Providers

Internet Service Providers (ISPs)

Enterprises

Others

By Region

North America

The U.S

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

Browse the full report at https://www.credenceresearch.com/report/multiservice-provisioning-platform-market

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