Skylo emerges from stealth with $116 million funding to build affordable satellite network for IoT data

IoT solutions provider Skylo Technologies has raised $103m in its recently held series B funding round led by SoftBank Group.

Prior to this, the California-based firm raised $13m in Series A funding. Now as Skylo has accumulated a total funding of $116m till date, the company will aim to bring instant, affordable, and global IoT connectivity to millions of machines, sensors, and devices, even in the most distant geographies.

By IoT News, 24 January 2020, 0 comments. Categories: Data & Analytics, Enterprise, IoT.

Report: Public transport ITS market in Europe and North America to reach £3.14bn by 2023

According to the latest forecast from Berg Insight, the public transport market for intelligent transportation systems (ITS) in Europe and North America will reach €3.7 billion (£3.14bn) by 2023.

In 2018, the market value for ITS deployed in public transport operations in Europe was £1.32bn. By 2023, it is expected to reach £1.83bm, growing at a CAGR of 6.8%. Similarly, the North American market for...

By IoT News, 22 January 2020, 0 comments. Categories: Connected Vehicles, Data & Analytics, Development, IoT.

ABI Research: AI-powered utility metering and video surveillance to dominate smart city market

The latest smart cities market data report by ABI Research has predicted that smart utility metering and video surveillance would hold a significant portion of the smart city segment, with the number of connections representing 87% of the total number of smart city connections by 2026.

According to the report, though surveillance cameras with embedded AI computing capabilities from vendors like NVIDIA are already being...

By IoT News, 21 January 2020, 0 comments. Categories: AI, Data & Analytics, IoT, Smart Cities.

Report: Global IoT chip market likely to grow to $38.61 billion by the end of the decade

A new market report, titled “Global IoT Chip Market – Analysis and Forecast, 2019-2029” by BIS Research, has found that the worldwide IoT chip market, which was valued at $9.40 billion in 2019, is now expected to grow over $38.61bn at a CAGR of 15.8% by 2029.

The overall market demand for IoT chips is driven by the rising adoption rate of IoT-based devices and decreasing cost of IoT sensors, the research firm...

By IoT News, 16 January 2020, 0 comments. Categories: Development, IoT.

Gartner says global semiconductor revenues down 11.9% yearly – worse than own bleak estimates

According to preliminary results by Gartner, worldwide semiconductor revenue decreased 11.9% year over year to $418.3 billion (£321.68bn) in 2019 – with the figure surpassing the analyst firm’s already gloomy forecast from earlier in the year.

The report found that Intel has regained its position as the number one global semiconductor vendor by revenue in 2019, beating Samsung Electronics which held the top...

By IoT News, 14 January 2020, 0 comments. Categories: Development, IoT.

KVH and Kongsberg claim success with installing maritime IoT system on active working vessel

KVH Industries and Kongsberg Digital have successfully installed their first joint maritime IoT system on the latter’s active working vessel, Simrad Echo.

Despite the newly fitted system, which includes a KVH Watch VSAT antenna for IoT connectivity and the Kognifai Vessel Insight platform, the Simrad Echo would continue its normal operations during the pilot maritime IoT project. Both KVH Watch and Kognifai Vessel...

By IoT News, 06 January 2020, 0 comments. Categories: Enterprise, IIoT, IoT.

Teraki and Machfu raise series A funds of $11m and $3.75m to speed up automotive and IIoT markets

A new year does not by any means signal a slowdown in funding across the Internet of Things (IoT) space, with Teraki and Machfu each securing series A funding over the past month for the automotive and Industrial Internet of Things (IIoT) spaces respectively.

Teraki raised $11 million (£9m) that the company says will be used for improving the current explosion in demand of data in electronics components...

By IoT News, 02 January 2020, 0 comments. Categories: Connected Vehicles, IIoT, IoT.

Apple, Amazon, Google, and Zigbee Alliance explore new smart home standard

Apple, Amazon, Google and the Zigbee Alliance have formed a new working group focused around ‘Project Connected Home over IP’, exploring the development and promotion of a new, royalty-free connectivity standard to boost compatibility among smart home products.

The protocol has been designed with security as a fundamental principle.

The aim of the Connected Home over IP...

By IoT News, 02 January 2020, 0 comments. Categories: Development, IoT, Smart Homes, Standards.

ENGINE: Trust and data privacy remain consumers' biggest fears about connected cars

According to a recent survey conducted by ENGINE Insights, 65% of recent and intending car buyers have one or more connected car features in their current car. However, 54% are concerned about data security and how their data might be used and 19% of respondents said that data management concerns could compel them from not buying a connected car in future.

The ‘Connected Car’ survey from ENGINE reported that data security fears are universal, spanning across generations – 54% of Millennials,...

By IoT News, 18 December 2019, 0 comments. Categories: Connected Vehicles, Security, Smart Cities.

Yandex is building LIDAR sensors as self-driving car market accelerates

Yandex, a Russian internet service firm, announced that it has begun testing its own Light Identification Detection and Ranging (LIDAR) laser technology and cameras. The new devices will be used for the company’s recently revealed delivery robot, the Yandex.Rover.

According to the company, its software can tune the LIDAR’s scanning patterns while driving, with changeable parameters that enable them to adapt to various driving conditions like dense city streets, freeways, and severe weather. The...

By IoT News, 16 December 2019, 0 comments. Categories: Connected Vehicles.

Gartner: Enterprise drone shipments will increase 50% in 2020

A recent forecast from Gartner has indicated that businesses will start deploying IoT-powered enterprise drones more frequently going forward in 2020. These drones can be used in industries like construction, utility, and retail.

Gartner predicts that global shipments of IoT enterprise drones will total 526,000 units, an increase of 50% from 2019. By 2023, the global research firm predicts that global shipments will reach 1.3m units. It will be the construction industry that will be making the most use of...

By IoT News, 09 December 2019, 0 comments. Categories: Enterprise, Smart Cities.

IoT-related services revenue in APAC to hit $96bn by 2023, says GlobalData

GlobalData has forecast that the marketplace for IoT related services will go beyond $96 billion (£74.2bn) in sales by 2023 in the Asia Pacific (APAC) region, growing at a CAGR of 22.4% between 2018 and 2023.

The data also revealed that while the APAC IoT market will be dominated by software and services, growth from devices and connectivity will boost with the launch of more cellular-based IoT networks supported by 5G.

By IoT News, 04 December 2019, 0 comments. Categories: Data & Analytics, IoT.

Maersk invests in Danish networking startup Onomondo

Maersk Growth, the corporate venture arm of logistics giant Maersk, has announced its investment in Danish startup Onomondo.

The move, for an undisclosed amount, will see Maersk further integrate Onomondo’s connectivity solution into its global business. Onomondo, which describes itself as ‘a truly unified agnostic IoT network’, aims to make it easier, cheaper, and safer to connect IoT devices such as trucks,...

By IoT News, 02 December 2019, 0 comments. Categories: Development, Enterprise, IIoT, IoT.

European Union Cybersecurity Agency focuses on connected cars in latest research

A new report from the European Union Agency for Cybersecurity (ENISA) has highlighted the importance of cybersecurity for connected cars.

The ENISA’s ‘Good Practices For Security of Smart Cars’ report mainly aims to identify the relevant assets, the rising concerns that targets smart cars ecosystem of tomorrow, and also the potential security measures and good practices to mitigate them.

By IoT News, 27 November 2019, 0 comments. Categories: Connected Vehicles, IoT, Security.

KT to run 5G-based autonomous shuttle bus to prove commercial potential

South Korea-based operator KT will be running a 5G-powered self-driving shuttle service in the central city of Sejong, in a pilot project to demonstrate the commercialisation of autonomous buses.

KT – the carrier formerly known as Korea Telecom – alongside Seoul-based self-driving vehicle tech provider Unmanned Solutions, had previously announced a partnership in April in order to develop a 5G-based virtual control tower for...

By IoT News, 26 November 2019, 0 comments. Categories: Connected Vehicles, IoT, Smart Cities.

Telefónica presents second ‘Things Matter’ study, indicates significant increase in IoT usage in two years

Telefónica has unveiled its second study on the Internet of Things (IoT), Things Matter 2019: the experience of the IoT users in Spain, covering thoughts around the IoT and the voice of those responsible for digital transformation of industrial, commercial or institutional activity in companies from different sectors.

One of the main conclusions of the study is that almost half of the population already knows what IoT...

By IoT News, 21 November 2019, 0 comments. Categories: Data & Analytics, Development, IoT.

IOTech raises $7.5 million in series A funding led by Dell Technologies

IOTech Systems, a UK-based IoT edge platform company, has successfully raised $7.5 million (£5.8m) in its series A funding round. The funding was led by Dell Technologies Capital, with additional investment from Société anonyme de Participation et De Gestion (SPDG), the Scottish Investment Bank, and Northstar Ventures.

IOTech intends to use the investment to considerably expand its acquisition capability...

By IoT News, 20 November 2019, 0 comments. Categories: Data & Analytics, Development, Enterprise, IoT.

Telit adds new NB-IoT modules to its portfolio

Telit is expanding its portfolio with the addition of two new Narrow Band-IoT (NB-IoT) modules, aiming to provide greater focus for smart metering, smart city applications, and more.

The modules are NE310H2-W1 and NL865H2-W1, which are suitable for 2G to 4G NB-IoT transition. The NE310H2-W1 and NL865H2-W1 modules serve various purposes like smart metering for electricity, gas and water, smart city applications, smart agriculture and almost any type of industrial sensor or mass-deployment application.

The...

By IoT News, 13 November 2019, 0 comments. Categories: IoT, Standards.