Asset tracking is one of the most widely deployed applications for the Internet of Things (IoT). The IoT’s economic impact on factories, retail settings, work sites, offices, and homes could total as much as $6.3 trillion by 2025, according to McKinsey Global. A variety of industries, including home and building, healthcare, agriculture, and food services in addition to the industrial and logistics markets, are investing in smarter technologies to replace siloed legacy systems with automated asset management solutions. Many existing geolocation applications are power hungry and require multiple devices, software and services from multiple vendors, resulting in increased complexity and cost.
Asset tracking is one of the most promising applications for the Internet of Things (IoT). A variety of industries, such as transportation, logistics, healthcare, and food services, are investing in smarter technologies to replace siloed legacy systems with automated asset management solutions.
Semtech’s LoRa® devices represent a leading technology for connecting proven applications in the Internet of Things (IoT) space. Among its most successful applications are those for logistics management and asset tracking. In order to allow enterprise customers and other companies such as system integrators to demonstrate the capabilities of LoRa-based sensors or LoRaWAN®-based asset tracking, Semtech has launched a new demonstration tool, the Asset Tracking Kit. This new kit allows companies to quickly gain firsthand experience and see the value IoT data can provide to its business digitalization and strategy. The goal of this kit is to accelerate the transformation of proof of concepts (PoCs) into business opportunities for partners in the LoRa ecosystem.
IHS Markit predicts up to 43 percent of all low power wide area networks (LPWANs) will be based on Semtech’s LoRa® devices and the LoRaWAN® protocol by 2023*. As of December 2019, more than half a million LoRa-enabled gateways have been deployed globally, supporting 135 million LoRa-based end nodes**. With the global adoption of Internet of Things (IoT) solutions and the growing market share of LoRa-enabled applications, it is becoming more and more difficult to identify a business segment that could not benefit from some level of connected devices. With new LoRa use cases being announced regularly, and growing numbers of worldwide LoRaWAN network deployments (public or private), it seems the only limit to these applications is the imagination of the developers and system integrators solving real world business challenges today.
Tags: LoRa, Smart Homes & Buildings, Smart Agriculture, Smart Utilities, Smart Supply Chain Logistics, Smart Cities, Wireless RF, Internet of Things, Smart Buildings, Smart Homes, Smart Water Metering, Smart Electricity Metering, Smart Gas Metering
CavagnaGroup® is a leading creator of smart solutions and products for controlling and managing compressed gasses. These products have been successfully implemented into a wide range of markets including, energy, medical, alternative fuel, and even specialty cryogenics. With years of close collaboration, CavagnaGroup and Semtech have developed a range of innovative smart industrial products based on LoRa® devices and the LoRaWAN® protocol. Recently, Semtech was invited by CavagnaGroup to participate in the World Liquefied Petroleum Gas Association (WLPGA)’s annual event in Amsterdam.
The global Internet of Things (IoT) fleet management market will grow from $3.17 billion in 2016 to an estimated $13.17 billion by 2023, according to Stratistics MRC’s forecast on the market.
According to the United States Department of Transportation 2016 Annual Report, U.S. businesses ship over 56 tons of freight per capita in the U.S. – a four percent increase from 2012 estimates.