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IoT Sensors Market Forecast to Surge at 22.7% CAGR to Reach $56.8 Billion by 2030, Driven by Manufacturing and Healthcare Sectors

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DUBLIN, March 4, 2024 /PRNewswire/ — The “Global IoT Sensors Market by Offering (Image Sensors, RFID Sensors, Biosensors, Humidity Sensors, Optical Sensors, Others), Technology (Wired, Wireless), Sector (Manufacturing, Retail, Consumer Electronics, Others), & Geography – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

With a projection to expand at a compelling compound annual growth rate (CAGR) of 22.7% through to 2030, the market is anticipated to attain a valuation of $56.8 billion, signifying robust industrial advancements and technological innovation.

In today’s interconnected world, IoT sensors play an indispensable role. They offer critical data for various applications, ranging from enhancing consumer electronics functionality to streamlining manufacturing processes. The report categorically analyzes offerings such as image sensors, humidity sensors, and optical sensors, among others, highlighting the adoption trends across different technologies including wired and wireless systems.

The manufacturing sector is poised to witness significant uptake of IoT sensors, leveraging them for applications like smart robotics and inventory management. Simultaneously, the healthcare industry’s focus has shifted towards enhancing patient monitoring systems through IoT integration, opening opportunities for sensor technology to transform care delivery and optimize healthcare workflows.

Bolstered by the advent of Industry 4.0 and smart city initiatives, the Asia-Pacific region is the frontrunner in IoT sensor adoption with substantial investments and demand for advanced sensor-enabled devices. Key technological trends such as wireless connectivity and artificial intelligence integration within IoT sensors are setting the stage for a transformative landscape in sensor technology and industry applications.

Market analysts delve into the competitive dynamics, spotlighting the major players in IoT sensor technology and their market shares. They also offer crucial insights into the market trends, drivers, restraints, and the array of opportunities available for stakeholders. Such in-depth knowledge helps in deciphering the diverse strategies adopted by leading industry participants, making the report a cornerstone for understanding current market scenarios and future growth prospects.

The geographical analysis within the report encompasses regional trends and growth hotspots, identifying high-potential areas and emerging market participants. This enhances the understanding of the local competitive environment, assisting businesses and investors to strategize accordingly.

Key questions answered in the report:

Which are the high growth market segments in terms of offering, technology, sector, and countries?What is the historical market for IoT sensors across the globe?What are the market forecasts and estimates from 2023-2030?What are the major drivers, restraints, and opportunities in the global IoT sensors market?Who are the major players in the global IoT sensors market, and what shares of the market do they hold?Who are the major players in various countries, and what shares of the market do they hold?How is the competitive landscape?What are the recent developments in the global IoT sensors market?What are the different strategies adopted by the major players in the global IoT sensors market?What are the geographical trends and high growth countries?Who are the local emerging players in the global IoT sensors market and how do they compete with the other players?

Market Insights

Factors Affecting Market Growth

Increasing Investments in Industry 4.0 Technologies Driving the Adoption of IoT SensorsGovernment Initiatives Supporting the Adoption of IoT Devices Across Various SectorsIncreasing Integration of IoT Sensors into Connected and Wearable Devices Supporting Market GrowthData Security and Privacy Concerns Hampering the Adoption of IoT SensorsGrowing Use of IoT Sensors for Predictive Maintenance Expected to Generate Growth Opportunities for Market PlayersProliferation of Smart Cities Expected to Increase the Adoption of IoT SensorsHigh Initial Investment Requirements Impacting the Implementation of IoT Ecosystems

Trends

Rising Adoption of Industrial RobotsIncreasing Integration of Artificial Intelligence into IoT Sensors

Porter’s Five Forces Analysis

Value Chain Analysis

Case Studies

Monitoring System for Precision FarmingIoT Technology for Manufacturing OperationsReal-Time IoT Tracking and Visualization

Company Profiles

Texas Instruments IncorporatedBosch Sensortec GmbHSTMicroelectronics N.V.Honeywell International Inc.Murata Manufacturing Co., Ltd.TE Connectivity Ltd.OMRON CorporationAnalog Devices, Inc.NXP Semiconductors N.V.Infineon Technologies AGBroadcom Inc.TDK CorporationVighnaharta Technologies Pvt. Ltd.ANBSensorsSensoneo

Scope of the Report:

Market Assessment, by Offering

Image SensorsBiosensorsRFID SensorsAccelerometer SensorsFlow SensorsPressure SensorsOptical SensorsHumidity SensorsTemperature SensorsLevel SensorsProximity SensorsGas SensorsOther IoT Sensors

Market Assessment, by Technology

Wireless TechnologyWi-FiBluetoothZigbeeZ-WaveOther Wireless TechnologiesWired Technology

Market by Assessment, by Sector

ManufacturingSurveillance & SafetyMachine Inspection & MaintenanceSmart RoboticsProduction PlanningInventory & Warehouse ManagementTransportation & LogisticsTraffic ManagementFleet ManagementParking ManagementTelematicsRetailCustomer Experience ManagementOperations ManagementInventory ManagementHealthcareTelehealth/TelemedicineHospital Operations & Workflow ManagementRemote Patient MonitoringMedical DevicesOther Healthcare ApplicationsOil & GasRemote MonitoringWorker Safety & SecurityPredictive MaintenanceAsset Tracking and ManagementEnergy & UtilitiesSmart Grid ManagementPredictive MaintenanceAsset ManagementSecurity And SafetyConsumer ElectronicsHome AutomationSmart WearablesSecurity & SafetyAgricultureCrop MonitoringLivestock MonitoringSmart IrrigationInventory ManagementWeather Tracking and Monitoring

Market Assessment, by Geography

Asia-PacificChinaJapanIndiaSouth KoreaRest of Asia-PacificNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalySpainRest of EuropeMiddle East & AfricaLatin America

For more information about this report visit https://www.researchandmarkets.com/r/5f9fgc

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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OceanBase Receives Honorable Mention for the Second Consecutive Year in the 2024 Gartner® Magic Quadrant™ Report

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — OceanBase has once again been named as Honorable Mention in the 2024 Gartner® Magic Quadrant™ for Cloud Database Management Systems (Cloud DBMS), marking the second consecutive year it has received this recognition.

OceanBase offers scalable distributed database for data-intensive transactional and real-time operational analytics workloads, with ultra-fast performance and high compatibility across major global cloud infrastructures, including Amazon Web Services, Google Cloud, Alibaba Cloud and Tencent Cloud. Operating across more than 30 regions in Asia, Europe, and America, OceanBase has already served over 2,000 customers, such as SAIC Volkswagen, DiDi Global, vivo, Pop Mart, Haidilao, Kwai, Trip.com, GCash, DANA, and PalmPay.

Over the past year, OceanBase has made significant strides in the Southeast Asian market. In December 2024, Starpay, a leading financial technology company in the Philippines, announced a partnership with OceanBase to leverage its cutting-edge distributed database solutions.

OceanBase hosted the inaugural OceanBase INFINITY tech conference in Jakarta, Indonesia in June 2024. During the event, the company announced strategic partnerships with leading local resellers to better serve customers in the Indonesian market.

According to Gartner’s latest DBMS market data in the Magic Quadrant, “the overall database management system market grew by 13.4% in 2023, reaching $103.2 billion“, up from $91 billion in 2022. The DBMS segment remains one of the fastest-growing areas within the software market, alongside analytic platforms, networking software, and supply chain management software.

In May 2024, OceanBase was also recognized as an Asia/Pacific Customers’ Choice and also named a Strong Performer in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud DBMS report.

Gartner, Magic Quadrant for Cloud Database Management Systems, 18 December 2024

Gartner, Voice of the Customer for Cloud Database Management Systems, 24 May 2024

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

GARTNER, MGAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About OceanBase

OceanBase is a distributed database launched in 2010. It provides strong data consistency, high availability, high performance, cost efficiency, elastic scalability, and compatibility with mainstream relational databases. It handles transactional, analytical, and AI workloads through a unified data engine, enabling mission-critical applications and real-time analytics.

To learn more, please visit: https://www.oceanbase.com/

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Matwings Technology Raised Series A Funding of Tens of Millions USD to Redefine Protein Design

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‘Beyond Structure, Predicting Function’

SHANGHAI, Dec. 25, 2024 /PRNewswire/ — Recently, Shanghai Matwings Technology Co., Ltd. (‘Matwings’), a global leader in AI-driven protein design, announced the successful completion of Series A funding rounds, raising tens of millions of USD, led by Qiming Venture Partners.

Matwings is pioneering a new frontier in protein engineering with its proprietary AI-based general protein design platform, AccelProtein™, which directly predicts protein functionality beyond the structural data. By predicting functionality, AccelProtein™ offers a new approach for acquiring high-functioning proteins.

AccelProtein™ is built on the Pro-PRIME model, a breakthrough developed by a collaborative team led by Professor Liang Hong at Shanghai Jiao Tong University. After years of research focused on data collection, curation, and optimization, the team developed the Pro-series – an AI framework for protein design. Their work, titled “A General Temperature-Guided Language Model to Design Proteins of Enhanced Stability and Activity” was recently published in Science Advances.

A featured case of AccelProtein™’s impact is the design of a specialized Glycosyltransferase enzyme, which is used in the production of EPS-G7, a core material for pancreatitis screening. Within just 4 months, Matwings increased the enzyme’s total glycosylation activity by 7 times, enhanced product specificity from 60% to 98%, and reduced hydrolytic activity by 33%. These improvements cut down the cost of EPS-G7 by 90%.

In another application, Matwings successfully engineered a super alkali-resistant affinity ligand (a nanobody) for affinity chromatography, improving alkali resistance by 3 folds, binding capacity over 100%, and heat stability by 8℃. This innovation saved millions of USD in CMC costs for a Matwings client. Additionally, scale-up production to 5000L has been successfully completed. Such advancement enables low-cost affinity chromatography purification a viable option for a wide range of biologics, bringing more cost-effective solutions for drug production.

Since 2021, Matwings has successfully delivered over 30 protein-engineering and enzyme-mining projects either proprietary (e.g., Enterokinase, Carboxypeptidase B, KEX2 Protease, Maltogenic Amylase, Subtilisin, Protein A, PETase, T7 RNA Polymerase, and phi29 DNA Polymerase) and co-developed with our stakeholders. These projects span across various applications, including drug innovation, in vitro diagnostics, nutrition and healthcare, food and beverage, and green energy.

About Matwings

Matwings, founded in 2021 by an elite team from Shanghai Jiao Tong University, is one of the earliest companies to focus on AI protein models.

Matwings is dedicated to moving beyond directed evolution methods to design and engineer functionally optimized proteins by leveraging a proprietary, pre-trained, AI-based general protein design platform with 780 million curated full-length protein sequence data, including nearly 500 million private data.

This cutting-edge technology platform, AccelProtein™, enables us to engineer proteins and uncover or de novo design novel proteins with significantly improved properties, including stability, activity, affinity, yield, etc.

To date, Matwings has successfully engineered more than 30 proteins either proprietary or co-developed with its stakeholders, and more than 40 ongoing projects across various applications in pharmaceutical industries and synthetic biology industries, e.g.  key enzymes and proteins for CMC, innovative Biologics, synthetic biology and more.

Matwings is actively seeking global partnerships to jointly develop and commercialize new products.

Contact Information:
Email: info@matwings.com
Website: https://www.matwings.com/en/ 
Tel: +86 158 2106 5410
Paper Link: https://www.science.org/doi/10.1126/sciadv.adr2641 

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Agoda Highlights Tokyo as Top Global New Year’s Eve Destination

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Digital travel platform Agoda has announced Tokyo as the most popular destination for New Year’s Eve, based on accommodation searches. This marks a shift from last year when Taipei held the top spot. Following Tokyo, the list includes Bangkok, Taipei, Pattaya, and Osaka, showcasing a diverse range of preferences among travelers.

The data highlights a perpetual interest in Tokyo, a city known for its unique blend of tradition and modernity. Travelers are drawn to its vibrant celebrations, cultural experiences, and iconic landmarks. Bangkok and Taipei, too, continue to be favored destinations, offering rich cultural festivities and lively atmospheres. Pattaya and Osaka also make the list, appealing to those seeking beachside celebrations and culinary delights, respectively.

Agoda’s data reveals Tokyo’s prominence not only on a worldwide scale but also within Japan. Domestic accommodation searches have increased by 23%, with Tokyo leading as the preferred destination, followed by Osaka, Kyoto, Yokohama, and Okinawa Main Island. For Japanese traveling abroad, the destinations primarily considered are Taipei, Seoul, Bangkok, Pattaya, and Hong Kong.

Hiroto Ooka, Associate Vice President North Asia at Agoda said: “Tokyo’s rise to the top of Agoda’s New Year’s Eve destination list is a testament to the city’s global appeal. Whether you’re celebrating New Year’s Eve in Tokyo, Osaka, or anywhere else in the world, Agoda is ready to help you find the perfect spot to ring in the New Year.”

As travelers prepare for their New Year’s Eve plans, Agoda offers a comprehensive selection of over 4.5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all available for seamless booking. Download the Agoda app for the latest deals or visit agoda.com/deals.

 

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SOURCE Agoda

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