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The Global Enterprise IoT Market size is expected to reach $681.4 billion by 2028, rising at a market growth of 15.4% CAGR during the forecast period

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New York, Jan. 25, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Enterprise IoT Market Size, Share & Industry Trends Analysis Report By Enterprise Type, By Component, By End-use, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06412034/?utm_source=GNW

Businesses can collect and send real-time data to make better business decisions and offer more value to their consumers by connecting physical things to the internet via enterprise IoT investments.

One use case for IoT devices in the healthcare industry is remote patient monitoring. Healthcare practitioners can swiftly identify whether patients require therapy or intervention by keeping track of their vital signs from a distance, improving health outcomes.

Organizations in various industries, including energy, telecom, manufacturing, government, retail, and industrial, expect to profit from business IoT projects because of the technology’s potent capabilities.

The market is expected to grow because of the development of technologies like Wi-Fi, Bluetooth, Insteon, ZigBee, and others. Launching cutting-edge IoT solutions is prioritized by major industry players like Google LLC, IBM Corporation, and Amazon Web Services to generate good market demand.

To investigate the possibilities of the digital transformation brought on by 5G, wireless networking, and edge computing, for instance, AT&T and IBM Corporation teamed up in February 2022. The cooperation wants to provide industry clients with an engaging environment where they may encounter hybrid cloud technology, physical clouds, and AT.

COVID-19 Impact Analysis

The COVID-19 pandemic profoundly impacted the global economy. The outbreak caused the significant destruction of several enterprises. The supply chain for IoT systems was significantly impacted by the COVID-19 outbreak as well. A number of IoT initiatives were put on hold, and professional services were postponed. Because some firms’ operations were disrupted during the early phases of the outbreak, few connected devices were used. As people become more tech-savvy and utilize technology when working from home, the pandemic increased the adoption of several technologies. These technologies include the Internet of Things, the Internet of Everything, machine learning, artificial intelligence, machine learning, and others.

Market Growth Factors

Increasing Use Of Cutting-Edge Data Analytics And Processing Technologies

The adoption of IoT technology among businesses across multiple business sectors is being accelerated by exposed to multiple data analytics and data processing tools such as massive data analytics, data science, and Hadoop. Data analytics is a technique used to examine both large and small data sets with various data attributes in order to produce valuable findings and useful insights. Moreover, awareness about real-time data & product lifecycle data in business is increasing, which is expected to bolster the growth of the Enterprise IoT market.

Rising Investment In Smart City Projects

As the world shift towards urbanization, the increasing number of smart city projects and growing government investment for the digital ecosystem will raise IoT devices’ demand. The platform and devices are utilized for a close check on mobility, infrastructures, and air & water quality to enhance infrastructure, public services, and utilities. Thus, all these factors are driving the growth of Enterprise IoT Market.

Market Restraining Factors

IoT Ecosystem Limitations Related To Data Integrity, Security, and Privacy

IoT technology can be used for a huge variety of things, including collecting biometric data via communication networks and cloud technologies. To communicate and exchange data both internally and with other machines, these devices have individual IP addresses. However, as deployment becomes more advanced, data security and privacy for smart devices, connected devices, mobile devices, and platforms are also expanding. Thus, all these factors are hampering the growth of Enterprise IoT Market.

Component Outlook

Based on Component, the Enterprise IoT Market is classified into Hardware, Software & Solutions, and Services. The software & solutions segment generated a significant revenue share in 2021. One of the key reasons influencing the market growth is the increased adoption of professional IoT services by businesses, including deployment and integration services, consultancy services, and maintenance and support services. Managed service providers have made it possible for IoT technology to be widely used through service-based solutions for managing front-end deployment, manufacturing operations, and choosing the appropriate parts for specific business needs.

Enterprise Type Outlook

Based on enterprise type, the market is classified into large enterprise and small & medium sized enterprise. In 2021, the large enterprise segment will account for a largest portion of sales. The increased usage of big data and the opportunistic market for major corporations can be credited with this segment’s growth. Additionally, IoT service providers are concentrating on improving products and services through enhanced offerings like business process integration and service management to cater the requirements of multi-regional and multinational enterprises, which is anticipated to benefit the enterprise IoT industry in the long run.

End-Use Outlook

Based on end-use, the market is categorized into manufacturing, Utilities, Oil & Gas, Transport, IT & Telecomm, BFSI, Healthcare, and Others. In 2021, the transport segment was responsible for a sizeable portion of revenue. The rising utilization of online fleet management systems in the enterprise IoT application is anticipated to alter logistics and transportation. Accessibility to onboard connectivity and real-time data is made possible by the online fleet management system, which ultimately increases transportation effectiveness and security.

Regional Outlook

Based on the geography, the Enterprise IoT Market is classified into North America, Europe, Asia Pacific, and LAMEA. The North America registered the highest market share in 2021. The region’s early embrace of cutting-edge technologies including big data, IoT, ML, AI, cloud, and mobility, is anticipated to drive market expansion. Additionally, firms in the area are eager to integrate IoT technologies into their procedures to boost operational effectiveness. Additionally, the US government is working to raise the use of immersive technology and hence the area’s market share.

The major strategies followed by the market participants are Partnership. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation and Amazon.com, Inc. are the forerunners in the Enterprise IoT Market. Companies such as Cisco Systems, Inc., SAP SE, Intel Corporation are some of the key innovators in Enterprise IoT Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Cisco Systems, Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Siemens AG, Robert Bosch GmbH, and PTC, Inc.

Recent Strategies Deployed in Enterprise IoT Market

Partnerships, Collaborations and Agreements:

Jun-2022: Cisco collaborated with Axians, a Vinci Energies brand. Under this collaboration, Cisco would offer Cisco private 5G to enterprises across industries in the Netherlands and Germany. Moreover, companies would help boost digitization efforts in the Netherlands and Germany and assist the adoption of IoT with the power of 5G.

Mar-2022: Intel Corporation collaborated with Advantech, a leading brand in IoT intelligent systems. Under this collaboration, both companies would launch UTX-3115 fanless and wide-temp embedded box, a new, all-inclusive internet of things (IoT) solution integrated with the Intel® Gateway Solutions.

Jul-2021: Microsoft Corp. partnered with NEC Corporation, an information technology, and electronics corporation. Through this partnership, Companies would utilize NEC’s network, Microsoft 365, Microsoft Azure, and IT expertise, consisting of 5G technologies to help company customers and the public sector in various markets and industries which would boost the adoption of cloud efforts and digital transformation.

May-2021: Amazon Web Services (AWS) announced a partnership with Yara, a Farming solution provider. This partnership is aimed to help Yara responsibly safeguard the planet and nourish the world. Moreover, the change in its production system is another example of how AWS supports and helps customer-specific innovation attempts.

Apr-2021: SAP SE announced an expanded partnership with Accenture, a professional services company with a specialization in information technology services and consulting. The partnership is aimed to help enterprises anchor sustainability across the complete spectrum of their business operations which is from strategy to execution.

Feb-2021: Intel Corporation teamed up with Microsoft, a technology corporation producing computer software, consumer electronics, and personal computers. The integration of capabilities of both companies based on software, hardware, cloud capabilities, and processing edge delivers various opportunities to create an IoT solution rapidly without any decrease in security and performance.

Product Launches and Product Expansions:

Sep-2022: Amazon Web Services, Inc., an Amazon.com, Inc. company, unveiled AWS IoT FleetWise, a service that makes it simple for automotive companies to transform, collect, and transfer vehicle data to the cloud in near real-time. The product helps automotive companies systematically transfer data to the cloud in near time through the service’s intelligent data-collection abilities. Additionally, these abilities enable developers to decrease the amount of data transferred to the cloud by describing rules for when to transfer and collect it based on configurable parameters.

Jun-2022: Siemens AG unveiled Siemens Xcelerator, an open digital business platform. The product makes digitalization simple, scalable, and faster and consists of a ranged suite of internet of things (IoT) authorize software, digitization, and hardware.

Jun-2022: PTC introduced ThingWorx® Industrial IoT platform. The product is created to boost Industrial IoT deployments in the enterprise value chain, ThingWorx 9.0 would enable new and expanded features to support industrial companies to customize, scale, and create their solutions.

Mar-2022: Cisco is adding capabilities in its IoT Control to assist low-complexity IoT devices and upgraded the go-to-market strategy for its as-a-service private 5G. Cisco advanced the IoT Control center to decrease management complexity for low-bandwidth, low-cost devices.

Jan-2022: Amazon released the Amazon Sidewalk Bridge Pro by Ring, a professional-grade Sidewalk device for large areas. The product could be installed both inside and mostly outside especially on a high spot, Amazon Sidewalk Bridge Pro by Ring covers hundreds of devices stretched to five miles.

Nov-2021: Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company released AWS IoT TwinMaker, a service that makes it simple and rapid for innovators to design digital twins of real-world systems like industrial equipment, factories, and buildings. The product makes it simple for developers to combine data from various sources including video cameras, business applications, and equipment sensors, and integrate the same data to build a knowledge graph that models the real-world environment.

Acquisitions and Mergers:

Jun-2021: Microsoft acquired ReFirm Labs, the developer of security software. With this acquisition, ReFirm strengthens its firmware analysis and security abilities across devices that form the intelligent edge from IoT to servers.

Geographical Expansions:

May-2021: Robert Bosch Engineering and Business Solutions, a subsidiary of Robert Bosch, released the new Phantom Edge – an AIoT platform, which integrates the strength of the Internet of Things and Artificial Intelligence to deliver a live view of operating usage, appliance-level information, electrical parameters, and electrical energy consumption.

Scope of the Study

Market Segments covered in the Report:

By Enterprise Type

• Large Enterprise

• Small & Medium Sized Enterprise

By Component

• Hardware

• Software & Solutions

o Surveillance & Security

o Network & Connectivity Management

o Data Management

o Application Management

o Device Management

• Services

By End-use

• Manufacturing

• Oil & Gas

• Utilities

• Transport

• BFSI

• IT & Telecom

• Healthcare

• Others

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

• Amazon.com, Inc.

• Cisco Systems, Inc.

• IBM Corporation

• Intel Corporation

• Microsoft Corporation

• Oracle Corporation

• SAP SE

• Siemens AG

• Robert Bosch GmbH

• PTC, Inc.

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/p06412034/?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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GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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