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The Global IoT in Energy Market size is expected to reach $357.4 billion by 2028, rising at a market growth of 19.7% CAGR during the forecast period

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New York, Oct. 21, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global IoT in Energy Market Size, Share & Industry Trends Analysis Report By Application, By Network Technology, By Component, By Organization Size, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06352742/?utm_source=GNW
By gathering, transferring, and combining vast quantities of data, IoT in the energy industry produces intelligent networks referred to as smart grid. Hence, it intelligently combines all network-connected assets, improves operations, and boosts system flexibility.

Therefore, it aids in the creation of new services, increases efficiency and production, addresses crucial issues, and enhances real-time decision making. In addition, the increased usage of IoT and AI in the energy business is expected to create attractive potential prospects for the market. In addition, the implementation of smart grid for energy optimization in residential, commercial, and industrial buildings will further accelerate the IoT in Energy Industry’s growth throughout the forecast period.

Combining renewable energy and energy efficiency can facilitate sustainable energy transitions and prevent climate change. IoT becomes a disruptive technology which has facilitated a beneficial transformation in the energy sector by reducing demand. Internet of Things applications include energy supply, transmission, generation, and distribution, among others. In addition, IoT may be deployed to enhance energy efficiency, increase the use of renewable energy, and reduce the environmental effect of energy consumption.

COVID-19 Impact Analysis

The growth of IoT in the energy sector has been substantial in recent years, and this trend is anticipated to continue in the coming years. In particular, IoT is expected to have a significant influence on the energy industry. During the pandemic, IoT had proved extremely beneficial for the energy industry, with sensors allowing surveillance of room temperatures as well as remote control of energy use. This contributed not just to cost savings but also to sustainable development.

Market Growth Factors

Integration of IoT Devices Improves the Reliability and Productivity of Industry

Environmental sustainability and demand growth are the most troublesome concerns facing the energy business. With increased IoT usage, enterprises and individuals can do a great deal to protect the environment using such devices and data analytics. IoT reduces waste and increases system efficiency. The deployment of IoT technology in business and residential buildings enables the monitoring and control of energy use, hence reducing their energy demand and increasing their efficiency.

Reduction in the Overall Cost and Improvement in Data Management

The Internet of Things (IoT) in the energy industry is a sophisticated procedure that encompasses planning & energy management of consumption patterns across different domains. It enables managers to take total control of energy data from inception and considerably optimize the operation. Implementing an IoT-enabled solution in the energy industry employs sensor-based approaches to automate the industry’s operations. This has maximized the sector’s benefits through real-time data management and analytical decision-making.

Market Restraining Factors

Problem Associated With Security and Discretion

Maintaining the data collected and transferred by IoT devices secure is difficult as their use expands and evolves. Despite the importance of cybersecurity, IoT devices are not usually incorporated in the plan. Systems must be safeguarded against physical manipulation, network-based attacks, internet-based software assaults, and hardware attacks. The adoption of IoT devices in highly sensitive areas, like healthcare and banking, raises additional concerns regarding data security.

Application Outlook

Based on application, the IoT in energy market is classified into Oil & Gas, Smart Grid, Coal Mining and Others. The coal mining segment registered a significant revenue share in the IoT in energy market in 2021. The internet of things (IoT) has facilitated coal mining. With this technology, it is simple to track the whereabouts of miners. The internet of things (IoT) technology also aids in monitoring the entire mining operation.

Network Technology Outlook

On the basis of network technology, the IoT in energy market is divided into Cellular Network, Satellite Network, and Radio Network. Radio Network segment recorded the highest revenue share in the IoT in energy market in 2021. LPWAN is the principal radio network technology which appears to be suited (Low Power Wide Area Network). LoRa radio technology refers to an open industry standard that is widely accessible owing to its widespread use. This technology is the foundation for the “Internet of Things”. Thus, this segment would witness a surge in growth over the forecast period.

Component Outlook

On the basis of component, the IoT in energy market is bifurcated into Solutions and Services. The services segment recorded a significant revenue share in the IoT in energy market in 2021. This is due to the multiple benefits given by services that provide high-quality machining & manufacturing services whilst also keeping the highest industry standards for health, safety, and the environment. This aspect is anticipated to drive the growth of the IoT market in the energy sector.

Organization Size Outlook

By organization size, the IoT in energy market is segmented into Large Enterprises and SMEs. Large enterprises segment garnered the maximum revenue share in the IoT in energy market in 2021. IoT adoption in energy offers multiple advantages to large enterprises, including renewable energy source, increased industry efficiency and cost reduction, conversion of existing lighting systems to energy-efficient solutions, facilitation of energy savings for customers, and provision of smart technology solutions, that also fuels market growth.

Regional Outlook

Region-wise, the IoT in energy market is analyzed across North America, Europe, Asia Pacific and LAMEA. Asia Pacific acquired a significant revenue share in the IoT in energy market in 2021. This is a result of more IoT penetration in the energy sector and greater use of IoT devices and technologies that drives market expansion in the area. The expansion of the internet of things (IoT) in the Asia-Pacific energy sector is being pushed by technical advances.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Google LLC and IBM Corporation are the forerunners in the IoT in Energy Market. Companies such as Intel Corporation, Cisco System, Inc. and Accenture PLC are some of the key innovators in IoT in Energy Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, IBM Corporation, Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Intel Corporation, SAP SE, Schneider Electric SE, Robert Bosch GmbH, Google LLC and HCL Technologies Ltd. (HCL Enterprises)

Recent strategies deployed in IoT in Energy Market

Partnerships, Collaborations & Agreements

May-2022: Intel joined hands with Ericsson, a Swedish multinational networking and telecommunications company. This collaboration aimed to boost the adoption of Cloud RAN solutions and provide insights into Cloud RAN designs, which would help in technology investment decisions.

May-2022: HCL Technologies joined hands with SAP, a German multinational software company. Under this collaboration, HCL Technologies’ experience in allowing Industry 4.0 and connected business transformation programs, when coupled with SAP’s expertise in complementing IoT applications within development and deployment, stands to support the customers in fueling sustainable business transformation and growth.

May-2022: Google Cloud came into a partnership with Saule Technologies, a nanotechnology company. This partnership aimed to create new products utilizing perovskite solar cells and solutions in the field of distributed energy and IoT (Internet of Things).

Mar-2022: Schneider Electric came into a collaboration with NTT, a Japanese telecommunications company. This collaboration aimed to provide Private 5G (P5G), which is an on-premise private network solution and digitization-allowing platform that would significantly advance digital solutions in the manufacturing environment.

Dec-2021: IBM collaborated with Samsung Electronics, a South Korean multinational electronics corporation. This collaboration aimed to jointly introduce a breakthrough in semiconductor design using a new vertical transistor architecture.

Apr-2021: Accenture extended its partnership with SAP SE, a German multinational software company. This partnership aimed to assist organizations to embed sustainability across the full spectrum of their business operations. Integrating SAP technology with Accenture’s Sustainability Services and broad industry knowledge, the companies would together develop new solutions that would empower companies to boost their progress on fully de-carbonizing their supply chains.

Feb-2021: IBM teamed up with Siemens and Red Hat. This collaboration aimed to utilize a hybrid cloud developed to provide an open, flexible, and more secure solution for manufacturers and plant operators to fuel real-time value from operational information.

Jan-2021: IBM extended its collaboration with Atos, a global leader in digital transformation. This collaboration aimed to assist the client to boost the digital transformation and optimize business procedures. Together, the companies would address business challenges to serve the Manufacturing, Oil and Gas, Energy and Utilities, Retail, and Transportation sectors.

Product Launches

Sep-2022: IBM unveiled the Next Generation of LinuxONE Servers. These servers are developer to decrease energy consumption. Through this launch, IBM expanded its capabilities to assist customers across industries, including Citibank, to reach sustainability targets.

Jun-2022: HCL Technologies launched NeXT, a transformational framework. This framework developed to assist customers in digitally reinventing their companies. Industry NeXT components comprise Supply Chain NeXT, Product NeXT, Aftermarket NeXT, Manufacturing NeXT, and Facility & Sustainability NeXT.

Apr-2022: Accenture unveiled sovereign cloud practice. A sovereign cloud is an approach, which would allow companies to manage the location, access to and processing of their data in a cloud environment in response to the latest, rising industry standards and compliance needs in certain nations or sectors.

Oct-2021: Schneider Electric launched EcoStruxure Power. This product is developed to assist in minimizing power downtime, proactively safeguarding critical infrastructure and equipment from the dangers of electrical failures, and to enable better integration of clean renewable energy.

May-2021: Robert Bosch Engineering and Business Solutions (RBEI) introduced the new Phantom Edge, an IoT platform. This platform aimed to integrate the power of Artificial Intelligence and the Internet of Things to offer a real-time view of electrical energy consumption, electrical parameters, operating usage, and appliance-level information.

Mergers & Acquisition

Dec-2021: Accenture took over Zestgroup, a services firm specializing in energy transitions. This acquisition aimed to enhance its energy transition and net zero emissions information portfolio.

Scope of the Study

Market Segments covered in the Report:

By Application

• Oil & Gas

• Smart Grid

• Coal Mining

• Others

By Network Technology

• Radio Network

• Cellular Network

• Satellite Network

By Component

• Solution

• Services

By Organization Size

• Large Enterprises

• SMEs

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Accenture PLC

• IBM Corporation

• Cisco Systems, Inc.

• Hewlett-Packard enterprise company

• Intel Corporation

• SAP SE

• Schneider Electric SE

• Robert Bosch GmbH

• Google LLC

• HCL Technologies Ltd. (HCL Enterprises)

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06352742/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

CleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention

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Clever.AI will help brands achieve 66% higher conversion rates and 35% boost in operational efficiency
SAN FRANCISCO and MUMBAI, India, May 3, 2024 /PRNewswire/ — CleverTap, one of the leading all-in-one customer engagement and retention platforms, today announced the launch of Clever.AI, its AI engine. With Clever.AI, CleverTap seeks to enable brands with the next generation of AI capabilities required to build human-like understanding of customers and deliver personalized experiences efficiently that resonate with them, ultimately maximizing customer lifetime value.

Clever.AI is built on the foundation of three core AI pillars – Predictive, Generative, and Prescriptive. Clever.AI propels these three pillars to transform the way brands engage with customers and make customer interactions more intelligent, and efficient.
Clever.AI enables brands to become:
Insightful: With Predictive AI capabilities, it forecasts precise business outcomes, helping brands to anticipate customer needs. Clever.AI’s insights are powered by CleverTap’s proprietary TesseractDB™ which ensures data granularity with an extended lookback period, making predictions more accurate, and enabling brands to make informed decisions, resulting in improved marketing ROIEmpathetic: Taking GenAI forward, Clever.AI merges creativity with emotional intelligence, crafting content that resonates on a human level. This empathetic approach helps brands drive higher conversions and engages customers with hyper-personalized experiencesActionable: Leveraging Prescriptive AI capabilities, it provides actionable recommendations to maximize conversions throughout the customer journey by helping brands identify the optimal engagement strategies in real-timePeter Takacs, Digital Product Manager, Burger King said, “I would rate it 10 for its ease of use and numerous possible use cases. We uplifted our marketing campaigns by easily experimenting with multiple possibilities and quickly converging on the optimum one. It opens up a new era of continuous experimentation for us.”
Anand Jain, Co-founder and Chief Product Officer, CleverTap said, “We’re thrilled to unveil Clever.AI, a testament of our pursuit over the last several years in leading the way in adopting the latest tech to transform customer engagement. We will continue to innovate CleverTap’s All-in-One engagement platform with Clever.AI enhancing its precision in predictions, its ability to prescribe intelligent customer experiences strengthened by advanced product analytics and deeper persona profiling to ensure brands can build highly personalized experiences, and campaigns more effectively, ensuring every customer interaction is personalized and outcome driven.”
With Clever.AI, brands have already experienced a boost in conversion with significantly higher operational efficiency. They witnessed a 66 percent increase in conversion rates, 35% boost in operational efficiency and a 3x improvement in click-through rates (CTRs), with an increase across metrics such as purchases, and average order values (AOVs). Moreover, Clever.AI enhanced operational efficiency by simplifying campaign roll-outs, content creation, and experimentation at scale. Clever.AI has helped leading brands like TouchnGo, Swiggy, Burger King add efficiency to their campaigns.
CleverTap will unveil its new AI capabilities through its Spring Release ’24 event slated from 6th May to 9th May, through a series of thought-provoking sessions on how AI can make campaigns more intelligent, efficient, and engaging for brands.
About CleverTap
CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.
The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.
CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.
Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in San Francisco, California, with presence in New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Delhi, Singapore, Jakarta, and Ho Chi Minh.
For more information, visit clevertap.com or follow us on: LinkedIn: https://www.linkedin.com/company/clevertap/X: https://twitter.com/CleverTap
Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.
Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.
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Artificial Intelligence

Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report

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LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report. 

Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
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Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

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TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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