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Energy storage can improve the delivery of smart energy solutions in smart cities, according to Navigant Research

By Zenobia Hegde

A new report from Navigant Research examines the relationship between energy storage and smart cities, providing an overview of relevant applications as well as drivers and barriers.

Smart energy technologies are increasingly expected to help address the sustainability needs of smart cities to reduce carbon-intensive peak energy use and to develop resilient energy systems.

“Smart energy technologies such as energy storage will increasingly be called on to address the sustainability needs of the urban energy transformation now underway,” says William Tokash, senior research analyst at Navigant Research. “Specifically, energy storage is now poised to support the delivery of low carbon DER to reduce peak energy use and improve the resilience capabilities of urban landscapes by enhancing access to reliable electricity supply.”

According to the report, energy storage has experienced significant growth in the past 2 years due in part to its unique ability to support the deployment of flexible energy capacity. The emergence of energy storage’s ability to make DER more flexible, less carbon-intensive, and more resilient is redefining how smart energy solutions can support the sustainability needs of an integrated smart city technology and solutions platform.

The report, Smart Cities and Energy Storage, examines the role energy storage can play in smart cities and how smart cities can drive the deployment of energy storage. The study provides an overview of energy storage applications within smart cities, including drivers and barriers for energy storage, and discusses how energy storage works within an integrated energy as a service framework. It also analyses the role of energy storage in the delivery of low carbon peak energy and improving resilience.

An Executive Summary of the report is available for free download on the Navigant Research website.

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Navigant Research report shows global Revenue for Lighting as a Service is expected to reach $2.6 bn by 2026

By Zenobia Hegde

A new report from Navigant Research examines the global market for lighting as a service (LaaS) solutions in commercial buildings, providing market forecasts for revenue through 2026, as well as details on related services and the competitive landscape.

LaaS is the third-party management of a lighting system, including additional maintenance, financial, technical, or operational services. As more lighting products and controls come to market, LaaS is expected to experience a boost from customers who need assistance in choosing and maintaining up-to-date technologies that can provide cost savings to their businesses.

“We are seeing a shift in the LaaS market from a traditional financing model to an increased number of turnkey services, which provide the customer with a full-scale offering from audit and design to installation to management and maintenance of the system,” says Krystal Maxwell, research analyst with Navigant Research.

“The as a service business model, which shifts business spending from CapEx to OpEx, allows companies to focus on their core business areas and ensures the outsourced business (LaaS) is being kept up to date with market developments by the service provider, especially through the growing number of turnkey services.”

Krystal Maxwell

According to the report, this shift in business spending is the beginning of a trend that is anticipated to become more common over the next 10 years. Additional market growth is expected to be driven by a maturing LED market, interest in the Internet of Things (IoT) applications, and increases to the bottom line.

The report, Lighting as a Service, examines the LaaS market for commercial buildings, with a focus on financing, maintenance, and turnkey services. The study addresses market issues, including key drivers and barriers, related to LaaS solutions. Global market forecasts for LaaS revenue, segmented by service type, building type, and region, extend through 2026. The report also examines the key services related to LaaS, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.

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Hybrid smartwatches to make up over 50% of smartwatch shipments by 2022, as fashion beats function

By Zenobia Hegde

A new report by Juniper Research found that hybrid smartwatches such as Fossil Q and Nokia Steel, which appear to be analogue watches but integrate some smartwatch functionality, will make up over 50% of the smartwatches market in 2022.

This means that nearly 80 million hybrid smartwatches will be shipped by 2022, up 460% from an estimated 14 million in 2017. However, digital display smartwatches, such as the Apple Watch and Fitbit Ionic, will increase by a more conservative 160%.

For more vendor insights, download Juniper’s complimentary whitepaper, Why Most Smartwatches ‘Fail’.

Smartwatches: A market of many niches

The new research, Smartwatches: Trends, Vendor Strategies & Forecasts 2018-2022, found that slower growth for digital display smartwatches has caused several manufacturers, like Motorola, Huawei and Sony, to leave the space. Those that remain are pivoting towards specific use cases, chief among them fitness, which Apple, Casio, Samsung and others have emphasised strongly in recent releases.

“The smartwatch market is refining itself into a series of specific use-cases”, remarked research author James Moar. “This is having an impact on every aspect of smartwatches, from their design for increasingly specialised uses to their sale in specific retailers. While most vendors cannot necessarily hope to reach a broad coverage, the industry as a whole is here to stay.”

Despite the renewed interest in hybrids, Juniper expects individual players to produce few smartwatches, with hybrid watch manufacturers generally shipping less than 2 million devices annually. Fossil, having released many display and hybrid smartwatches throughout its portfolio, is the exception here, and is forecast to ship over 6 million smartwatches annually by 2020.

More use cases, more connectivity

The report also found that different connectivity technologies are becoming more prevalent in a variety of smartwatches, with GPS expected to be present in nearly 50% of all smartwatches by 2022. In comparison, NFC’s growth will be small, as they are currently locked into specific ecosystems. Juniper do not expect this to change in the foreseeable future.

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

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NCR and PTC join forces to create total premise service offer

By Zenobia Hegde

NCR Corporation, a global provider in omni-channel solutions, and PTC announced that they have joined forces to create a next generation service offering that spans a store’s entire operation. The new digital connected services enable retailers, financial institutions, and restaurant chains to optimise the total cost of ownership of their IT infrastructure, as well as their administrative spend. PTC and NCR will be showcasing the new offering at NRF 2018 at the Jacob K. Javits Convention Center in New York City, January 14-16.

Enterprises have to converge physical and digital channels to provide the continuous engagement and experience that their customers expect. By outsourcing store IT asset management, combined with near real-time transparency and insights, NCR enables retailers, quick service restaurants, and financial institutions to drive consumer centric outcomes.

“Having an IoT centric platform that can scale with the complex needs of secured ubiquitous connectivity is key in driving digital connected experiences,” said Venkat Ramamurthy, general manager, Digital Connected Services Portfolio and Commercialisation, NCR Corporation.

“Adding PTC’s ThingWorx platform to the NCR portfolio strengthens the services lifecycle management capabilities to be more proactive and predictive in nature. This enables our customers near real-time insights to help minimise their IT spend and elevate their consumer experience.”

NCR has one of the world’s largest services data warehouses with the intelligence of servicing more than 2.5 million devices from over 300 vendors. By integrating PTC’s technology, NCR can now connect all active and passive devices across the front and back end of a store into its database and provide real time insights through advanced analytics to help optimise spend and improve decision making precision.

Darren Glenister

“We are excited to continue our relationship with NCR and to collaborate on the next generation of IoT offerings for the retail and hospitality industry,“ said Darren Glenister, vice president of innovation, retail, PTC. “With the IoT, retailers have the opportunity to shape the future of retail and optimise the consumer experience. We look forward to working with NCR to drive the convergence of physical and digital commerce.”

The selection of ThingWorx continues the true enterprise relationship between NCR and PTC. In addition to ThingWorx, NCR uses PTC’s Creo software to help with product design, modeling and simulation and PTC’s Servigistics solution to plan and deliver service parts.

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IoT Tech Expo: Leading IoT Event Announces Its 2018 World Series!

By IoT – Internet of Things

The World’s Leading IoT Event Series will bring together key industries from across the globe for 2 days of top level content and discussion. Exploring the latest innovations within the Internet of Things and covering the impact it has on many industries including Manufacturing, Transport, Supply Chain, Healthcare, Insurance, Logistics, Government, Energy and Automotive, this […]

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