Business Wire

GSMA Mobile IoT Initiative Helping Operators Target European Connected Energy Market Worth USD$26 Billion

Del

The GSMA today announced that mobile operators deploying new Mobile IoT networks will be able to benefit from the European connected energy market estimated to be worth USD$26 billion by 20261. Data shared by analyst house Machina Research highlights the huge growth opportunity in the emerging connected energy market that could connect approximately 158 million new smart meters on LPWA networks across Europe. The total number of connections in Europe could be further increased if the 60 million cellular connections are also included with LPWA.

“The Internet of Things is fundamentally disrupting the smart utility market by providing ubiquitous connectivity and real-time, actionable data. Mobile IoT networks will take this further by offering energy providers a cost-effective solution to connect millions of smart meters,” said Alex Sinclair, Chief Technology Officer, GSMA. “There is a real sense of momentum behind the roll-out of Mobile IoT networks with multiple global launches, however, there is still a huge runway for growth. We encourage operators to act now to capitalise on this clear market opportunity and further accelerate the development of the IoT.”

The current connected energy market, which includes applications related to the generation and transportation of energy, microgeneration, smart grid and distribution monitoring and smart metering, is worth an estimated USD$11.7 billion. The European connected energy market represents approximately 21 per cent of all global revenues, with APAC claiming 54 per cent and the Americas 21 per cent. The European Commission recently published a proposal indicating that approximately 200 million electricity smart meters and 45 million gas meters will be rolled out by 2020. The Commission also estimates that by 2020, approximately 72 per cent of Europeans customers will have a smart meter for electricity and about 40 per cent for gas2.

“In the coming years we will see an important change in the way natural gas networks operate. The need for more efficient operations, improved safety and better quality of service will be paramount and we can do this through the roll-out of smart gas metering systems. We are moving towards the digitalisation of gas networks, a transformation from “pipe-centric” systems to “data-centric” systems. To make this happen, reliable communication means are a must and the arrival of NB-IoT and LTE-M represents an acceleration of this evolution. These new technologies offer everything necessary, such as long battery life, penetration and data security, as well as licensed spectrum,” commented Gianfranco De Feo, Executive Director, Shanghai Fiorentini Ltd.

Mobile IoT Networks Supporting Growth of Connected Energy

Mobile IoT networks are designed to support mass-market IoT applications across a wide variety of use cases including connected energy solutions such as water and gas metering, smart grids, electricity and energy monitoring. They support IoT applications that are low-cost, use low data rates, require long battery lives and often operate in remote and hard to reach locations making them ideal for the connected energy sector. Mobile networks are already supporting the smart electric metering market, but now other sectors such as water and gas metering are turning their attention to the benefits of adopting NB-IoT and LTE-M networks due to low power and better ground penetration.

In Europe, Deutsche Telekom has already deployed NB-IoT networks for smart metering and smart lighting solutions in several locations in The Netherlands, including Amsterdam and Rotterdam. Vodafone is also working on a number of initiatives including a water metering project in Valencia using NB-IoT. Globally, AT&T is working with Capstone Metering in the U.S to monitor water usage using LTE-M. In Asia Pacific, the largest global market for smart metering applications, China Mobile is piloting NB-IoT for water quality monitoring across several locations, while China Unicom is using NB-IoT to collect readings from energy and water meters and is working with an energy company, SoftGrid on a smart cities project3. For further examples, please go to: https://www.gsma.com/iot/miot-rollout/ .

Mobile IoT Momentum

There are currently 21 commercial Mobile IoT networks available around the world from 14 operators, including AT&T, Telstra and Verizon (LTE-M), as well as 3 Hong Kong, China Mobile, China Telecom, China Unicom, Deutsche Telekom, KT, LG Uplus, M1 and Vodafone (NB-IoT). Etisalat and Turkcell have launched both NB-IoT and LTE-M. For further information on the Mobile IoT Initiative, visit www.gsma.com/iot/mobile-iot-initiative/.

-ENDS-

Notes to Editors

1.) Machina Research 2017. The figure refers to the total potential revenue available to all companies in the connected energy ecosystem.

2.) http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52016PC0864R(01)&from=EN

3.) https://machinaresearch.com/report/connected-energy-smart-meter-rollouts-are-driven-by-government-policy-decisions/

About the GSMA

The GSMA represents the interests of mobile operators worldwide, uniting nearly 800 operators with more than 300 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organisations in adjacent industry sectors. The GSMA also produces industry-leading events such as Mobile World Congress, Mobile World Congress Shanghai, Mobile World Congress Americas and the Mobile 360 Series of conferences.

For more information, please visit the GSMA corporate website at www.gsma.com. Follow the GSMA on Twitter: @GSMA.

Contact information

Media Contacts for GSMA
Clare Fenny
+44 20 7067 0749
CFenny@webershandwick.com
or
GSMA Press Office
pressoffice@gsma.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Philip Morris International Launches Next Generation of IQOS, the World’s Leading Heated Tobacco Product23.10.2018 02:30Pressemelding

In its passion and drive to provide better choices to people who smoke, Philip Morris International Inc. (“PMI”) (NYSE: PM), the global leader in smoke-free innovation and science, has launched the next generation of IQOS. The new IQOS 3 and IQOS 3 MULTI integrate extensive consumer insights and feedback to improve design and user experience while maintaining signature taste, sensory attributes and ritual—all underpinned by strong scientific substantiation. The new versions aim to further encourage a growing number of smokers to switch, to the benefit of their health, public health and, ultimately, society. The new iterations were launched today in Tokyo, Japan—the country considered the birthplace of IQOS. The iconic brand offers the best in taste and satisfaction in the category, and almost 6 million adult smokers have already quit cigarettes—with more than half of those in Japan. “Our dream was to create a better alternative for smokers, and IQOS has made this dream a reality; it’s

Logitech Delivers Record Q2 Sales and Double-Digit Profit Growth23.10.2018 01:00Pressemelding

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the second quarter of Fiscal Year 2019. Q2 sales were $691 million, up 9 percent in US dollars and 10 percent in constant currency, compared to Q2 of the prior year. Q2 GAAP operating income reached $65 million, compared to $59 million in the same quarter a year ago. Q2 GAAP earnings per share (EPS) grew 15 percent to $0.38, compared to $0.33 in the same quarter a year ago. Q2 non-GAAP operating income grew 18 percent to $85 million, compared to $71 million in the same quarter a year ago. Q2 non-GAAP EPS grew 26 percent to $0.49, compared to $0.39 in the same quarter a year ago. Q2 cash flow from operations was $85 million, up 24 percent compared to Q2 of the prior year. Cash flow from operations for the fiscal year to date was $97 million, compared to $67 million for the same period a year ago. “Q2 showcased the power and diversity of our portfolio,” said Bracken Darrell, Logitech president and chi

SmartStream Steps Ahead with New Industry Digital Payments Solution22.10.2018 23:01Pressemelding

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the launch of TLM Aurora, the next generation of Corona, the industry’s leading reconciliation platform – the first new module is designed to support the new industry standards in the digital payments world, by providing connectors to SWIFT GPI, RTGS, as well as Blockchain based networks, allowing for real-time operational control, proactive exception management and low TCO. TLM Aurora provides the new generation of integrated operational control for the digital marketplace. As transactions increase in variability, velocity and volume, the need for scalable, real-time, integrated reconciliations is greater than ever. TLM Aurora supports organisations in performing operations such as SWIFT and SEPA transfers, mobile, cash and card payments, digital currencies, settlements and reconciliations. The solution is agile enough to support the smallest of organisations and can be

CoreLogic to Acquire Symbility Solutions Inc.22.10.2018 22:12Pressemelding

CoreLogic (NYSE: CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, today announced the Company has entered into a definitive agreement to acquire the outstanding shares of Symbililty Solutions Inc. (“Symbility”) (TSX.V: SY) not already owned by CoreLogic. CoreLogic currently holds approximately a 28% ownership interest in Symbility. Symbility, founded in 2004, is a leading provider of subscription and cloud-based property insurance claims workflow solutions for the Property & Casualty insurance industry. Symbility also provides an extensive array of innovative enterprise mobile and application software solutions. The company is headquartered in Toronto, Canada and operates in the U.S., Canada, the United Kingdom, Germany, Netherlands, Australia and New Zealand. “Symbility expands our footprint in property and casualty insurance domestically and in key markets around the globe. Further scaling our insurance and international footpri

Pacific Drilling Awarded Contract for the Pacific Bora22.10.2018 21:00Pressemelding

Pacific Drilling S.A. (OTC: PACDQ) (“Pacific Drilling” or the “Company”) announced today that its deepwater drillship the Pacific Bora has been awarded a contract by Nigerian Agip Exploration Limited (a subsidiary of Eni SpA) for drilling operations in Nigeria. The term of the contract is for one firm well plus two additional option wells. The contract is expected to commence in mid to late November 2018 and firm contract backlog is estimated at $9 million. Pacific Drilling Chief Executive Officer Paul Reese commented: “On the heels of our previous announcement of new work for Pacific Santa Ana in Mauritania, we are pleased to have secured this contract for the Bora which reflects our substantial experience in Nigeria and our uninterrupted commitment to providing exceptional drilling services to our clients.” Currently offshore Abidjan, Côte d'Ivoire, the Pacific Bora is a sixth generation deepwater, dynamically-positioned drillship capable of operating in water depths up to 10,000 fee

ResMed Wins German Patent Infringement Case Against Fisher & Paykel22.10.2018 20:30Pressemelding

ResMed (NYSE: RMD) (ASX: RMD), the world’s leading tech-driven medical company and innovator in sleep apnea and respiratory care, today announced the results of a court and patent office ruling in Germany in ResMed’s favor. A trial court ruling from the Munich District Court states that the headgear used on two Fisher & Paykel CPAP masks – the Simplus full face and Eson 2 nasal mask – infringes ResMed patent EP 2 373 368 B1 in Germany. In a separate decision, the Opposition Division of the European Patent Office had already decided that the patent asserted against Fisher & Paykel is valid. Each decision may be appealed by Fisher & Paykel. “We applaud the Munich District Court for reaching this just finding, and are exploring all options in light of the fact that Fisher & Paykel is selling CPAP masks with headgear that infringes a valid ResMed patent in Germany,” said ResMed Chief Administrative Officer and Global General Counsel David Pendarvis. “We will continue to defend our intellec