SECURITY

By 2026, there will be 23 Billion IoT Connections, Presenting New Threat Vectors and Generating US$16 Billion in IoT Security Revenue

ABI Research | April 21, 2021

There are currently 8.6 billion IoT connections. By 2026, the figure is expected to nearly triple to 23.6 billion. ABI Research's latest whitepaper, Connected & Protected: The Threats and Opportunities of IoT Security, examines how the rapid increase of IoT connections will usher in a new age of connectivity and productivity, as well as a slew of new threat vectors and vulnerabilities. At the same time, the looming security gaps present a huge revenue opportunity for IoT security players.

"There is general concern about the security of the Internet of Things (IoT)," says Michela Menting, Digital Security Research Director at ABI Research. Security flaws range from systems that cannot be secured to Original Equipment Manufacturers (OEMs) and vendors that often want to accept the risk rather than remediate it, as well as practical safety-type IoT devices that emphasize availability but cannot guarantee confidentiality at the same time. "There are few IoT protection options on the market, due to the fragmented nature of the IoT," Menting explains.

The sheer number of new IoT connections over the next five years, the increased digitization capabilities of specific IoT markets (e.g., utilities, industrial, infrastructure, and smart cities), the rise in connected users and assets, and the increased accessibility requirements brought on by the COVID-19 pandemic are all rational predictors of overall digital security.

However, the amount of IoT protection revenue does not necessarily correspond with the number of IoT connections, and certain markets are likely to see disproportional revenue. "This is due to the multifaceted level of security and management criteria that provide the basis for other core operations and valuable resources, such as intelligence operations and analytics, life cycle management and predictive maintenance, firmware updates, and device and data integrity," Menting explains.

"ABI Research predicts that digital security services will enter the ROI equation considerably faster in the next three years, as both security vendors and IoT players will better understand how to secure the core monetization applications associated with their IoT strategies," Menting concludes.

About ABI Research
ABI Research offers strategic advice to visionaries by providing actionable intelligence on emerging innovations that are fundamentally reshaping industries, economies, and workforces worldwide. ABI Research's global team of analysts publishes groundbreaking studies years before most technology consulting companies, enabling our clients to remain ahead of their markets and rivals.

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PLATFORMS

Identiv Announces Hirsch Velocity Software 3.8.4 with New Networked Global IO and Data Centricity Features

Identiv, Inc. | April 06, 2022

Identiv, Inc. (NASDAQ: INVE), a global leader in digital security and identification in the Internet of Things (IoT), today announced the release of Hirsch Velocity Software version 3.8.4. The latest version of the company's complete security management system provides security teams with networked global integrated operations (IO), holistic data centricity across the system, and a thin web client. This transforms the way data is collected throughout the entire physical access control system (PACS), making the solution more intelligent and enabling PACS artificial intelligence (AI). Identiv's Hirsch Velocity Software is an integrated security management system managing access control and security operations across facilities worldwide, from single high-security rooms to multi-building, multi-location campuses. Velocity provides the security and functionality expected from high-end systems with the ease-of-use found in entry level platforms. It delivers stringent security compliance, interoperability, and expansion and flexibility options. The platform is designed for use with the Hirsch family of controllers, uTrust TS Readers, uTrust TS Cards, and Velocity Vision intelligent video management system (VMS). It also integrates with the industry's leading intrusion detection, video surveillance, visitor management, and security services Velocity 3.8.4 adds global IO, data centricity, and a refreshed web client to the industry-leading platform. Networked global IO provides edge computing capabilities and allows panels to share information between themselves and readers. In the event of a software failure, the panels remain functional and do not rely on the host server. With data centricity, the software now supports more data holistically across the system, creating a path to synthesize that data. The thin web client simplifies access control without requiring a full installation, improving user interface (UI), and moving towards a software as a service (SaaS) model. With the latest release of Velocity, we're making our controllers more intelligent, providing a platform where they communicate with each other. As the physical security industry deploys artificial intelligence, controllers at the edge are no longer managed by the host server and need to think for themselves. The networked intelligence of global IO represents that step towards AI. Before controllers can begin to interpret, track trends, and react to data, they need to master data gathering. We're really excited to support this evolution in the industry." Mark Allen, Identiv GM Premises. Velocity allows administrators and operators to access real-time system information, enrollment, and control functionality through a compatible browser on almost any device. It controls doors, gates, turnstiles, elevators, and other equipment, monitors users as they move around a facility, prevents unwanted access, maintains compliance, and provides a robust audit trail. The system also allows contact tracing and lockdown features, providing security operators and dispatchers across an entire campus an affordable, integrated platform for emergency physical security, campus lockdown, and after-event forensic reporting. About Identiv Identiv, Inc. is a global leader in digitally securing the physical world. Identiv's platform encompasses RFID and NFC, cybersecurity, and the full spectrum of physical access, video, and audio security. Identiv is a publicly traded company, and its common stock is listed on the NASDAQ Stock Market LLC in the U.S. under the symbol "INVE."

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SOFTWARE AND TOOLS

Goodix Pushes Boundaries in IoT Innovations with Next-Generation Sensing & Connectivity Solutions

Goodix | May 19, 2022

Today, Goodix Technology showcased its expanded product portfolio with major breakthroughs in sensing and connectivity solutions at the 2022 Goodix Tech Seminar in Shenzhen, China. Based on the company's strategic layout, Goodix continues to invest heavily in core technologies that drive innovation in IoT applications for a new era of smart connectivity. Two highlights of the seminar were the introduction of the new Bluetooth LE SoC and Time of Flight (ToF) solutions. Featured Innovation Accelerates the Connection of Everything In recent years, the major theme of new technological developments features heavily within the Internet of Things (IoT) field, which has caused widespread transformation within a wide array of industries. Recent data from IoT Analytics expected that the global number of connected IoT devices are to grow at a CAGR of 22% to 27 billion active endpoints by 2025, bringing huge market opportunities for smart wearables, smart home, and smart city connectivity applications. Leveraging years of innovation in low-power wireless technology, Goodix debuts its new-generation Bluetooth LE SoC GR5526 series featuring stronger display driving capability, lower power consumption and faster connection. The solution integrates a dedicated 2.5D GPU to improve graphics rendering efficiency, and supports over 30 FPS on a 454*454 resolution display screen, enabling a superior visual experience for wearable device users. An ultra-low power system architecture is adopted to reduce the power consumption during Bluetooth transmission by 30% compared with previous generation products. Compatible with the latest Bluetooth 5.3, the solution delivers excellent RF performance for a more stable and rapid connection. Goodix is dedicated to innovating Bluetooth LE technology with a new GR533x series targeted at the smart home, smart tag markets to be released soon. Additionally, Goodix's NB-IoT SoC solution that integrates an OpenCPU application system has been successfully applied to smart water meters in a joint cooperation with renowned industrial partners. Its innovative dual AP/CP core architecture not only improves the system stability and connection reliability, but also ensures ultra-low power consumption that can support the long battery-life of smart meters. Featuring high integration, ease of use, and competitive BoM cost, this solution will further extend Goodix's footprint in the broader IoT market. Aiming to build an open IoT ecosystem, Goodix will continue to work with industry partners, and support mainstream integrated development environment (IDE) with rich peripheral resources to help customers accelerate the time-to-market of different wireless applications. Creating a Smart Life with Diversified Sensing Applications With strong expertise in acoustics, optics, and electronic sensing technology, Goodix stands at the forefront of the advancing sophistication of IoT applications. During the seminar, Goodix demonstrated its Time of Flight (ToF) 3D sensing solution which integrates a ToF image sensor and a laser driver to enable high-precision depth measurement for various applications such as smartphones and robots. Utilizing a self-developed sparse to dense algorithm, the solution offers a 5-meter with error<1% high-precision ranging performance with low power consumption, facilitating smartphones to create a more accurate photo bokeh effect and a faster focusing capability at night. It also supports the functions of simultaneous localization and mapping (SLAM) and obstacle avoidance for intelligent navigation of sweeping robots with its combination solution of line-pattern and flood-pattern. The ToF sensor features several patented technologies to help smart devices achieve better ambient light suppression, anti-interference, and high dynamic range (HDR). Together with an extensive set of hardware and software, reference designs, algorithms, and SDKs, Goodix can deliver turn-key solutions to enable the wider applications of ToF technology such as drone aircraft obstacle avoidance and height measurement, as well as facial recognition, and automobile safety. In response to the strong growth of the wearable markets, Goodix has launched a rich solution portfolio of health sensors and VersaSensor (multi-functional interactive sensors) for smartwatches, bands, headphones, and VR/AR devices, and won large-scale commercial adoption by well-known global brands. As a step further, Goodix introduces its fingertip oximeter total solution that deploys the medical grade algorithms. Cooperating with related applications, it can provide effective health instructions and disease diagnosis & alerts for users at home. We have always emphasized the principle of growing together with customers. We have an unwavering focus on our core technologies of sensing, processing, connectivity, and security. And in these fields, we will continue to create powerful collaborations with industrial leaders and ecosystem partners. Our aim is to expand commercial implementations of these innovative technologies and to bring a more intelligent, and connected life for consumers around the world." Sandy Hu, President of Goodix.

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SOFTWARE AND TOOLS

KeepTruckin Rebrands as Motive, Launches Automated Operations Platform

KeepTruckin | April 12, 2022

KeepTruckin has changed its name to Motive, underscoring its expanded focus and direction. Alongside its rebrand, Motive has launched the Automated Operations Platform, a combination of IoT hardware and AI-powered applications that connect and automate physical operations. The global middle class has tripled over the last 20 years to more than 1.7 billion people. As incomes rise, so does consumption — more energy, more food, more housing, more manufactured products. More of everything. But it’s not just consumption that’s on the rise. Expectations around quality, reliability, and speed of delivery are higher than ever. This exponential increase in demand combined with continuously rising expectations is placing unprecedented strain on the industries that power the physical economy — agriculture, manufacturing, construction, field services, trucking and logistics, and many more are struggling to keep up. “Almost 50% of global GDP comes from the physical economy,” said Shoaib Makani, CEO of Motive. “And yet, it has been largely ignored by the technology industry.” Founded in 2013, Motive builds technology to improve the safety, productivity, and profitability of physical operations. While its early customers were trucking companies, today Motive serves a broad range of industries across the physical economy. “Changing our name to Motive better reflects the diversity of customers we serve and problems we solve,” said Makani. To address the needs of its expanding customer base, Motive has launched the Automated Operations Platform. The platform combines IoT hardware with AI-powered applications that automate vehicle and equipment tracking, driver safety, compliance, maintenance, spend management, and more. “Our technology provides businesses with real-time visibility into their operations and enables AI-based automation of key workflows. By identifying the risks, problems, and opportunities companies have, and automatically taking actions on behalf of managers, Motive’s applications improve the safety, productivity, and profitability of physical operations.” Jai Ranganathan, Chief Product Officer at Motive. About Motive Motive builds technology to improve the safety, productivity, and profitability of businesses that power the physical economy. The Motive Automated Operations Platform combines IoT hardware with AI-powered applications to automate vehicle and equipment tracking, driver safety, compliance, maintenance, spend management, and more. Motive serves more than 120,000 businesses, across a wide range of industries including trucking and logistics, construction, oil and gas, food and beverage, field service, agriculture, passenger transit, and delivery.

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INDUSTRIAL IOT

Kellton Tech to Modernize Digital Citizen Experiences For HMWSSB Through Artificial Intelligence and IoT-based Data Analytics

Kellton Tech Solutions | February 01, 2022

Kellton Tech, a global leader in next-generation digital transformation and enterprise intelligence solutions, announced that it has been selected as a technology partner by Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) to revolutionize its citizen service delivery and create world-class experiences. As a part of this engagement, Kellton Tech will leverage descriptive analytics and IoT-based smart metering technology to support HMWSSB with real-time information for planning, monitoring, and diagnosis of its systems and processes across its value chains. This holistic solution approach will help HMWSSB forecast demand and dynamically price resource consumption based on predictive analytics, thus promoting more efficient water use and ensuring fair pricing to citizens. Furthermore, HMWSSB will drive faster data-driven decisions, better optimize the government machinery and ecosystem for the timely elimination of inefficiencies, and curate frictionless experiences for the residents of Hyderabad Metropolitan today and in the future. Kellton Tech will also collaborate to help HMWSSB streamline its grievance redressal by introducing AI-based Metro Customer Care and addressing the needs of citizens and society with more agility and responsiveness. By deploying Smart Metering Systems, Kellton Tech will lead HMWSSB to unlock a robust, secure foundation for effective fault management and build resilience. "HMWSSB strives to bring the highest quality of services to citizens and continually deliver rich, connected experiences. Kellton Tech, through this collaboration, aims to help HMWSSB do just that. We are building an intelligent and collaborative platform for HMWSSB to create phenomenal experiences and meet their vision of staying ahead of the consumer. In today's dynamic era where everyone swears by real-time data and information, seamless connectedness and ubiquitous digitization are the need of the hour. We will leverage our proven expertise in the modernization of business systems to deploy emerging digital technologies and foster an ecosystem of connectivity across mission-critical processes." Karanjit Singh, CEO- Kellton Tech About Kellton Tech Solutions Kellton Tech is a 'Born Digital' technology consulting and services company founded on the belief of 'Infinite Possibilities with Technology.' The company has helped startups to Fortune 500 clients build disruptive Digital Transformation solutions and leverage technology as a competitive differentiator for their businesses. Driven by deep domain knowledge and technology expertise, Kellton Tech adds value to client relationships by being a Trusted Partner. A rapidly growing company, Kellton Tech has been placed four times on the Deloitte Technology Fast 50 India list and has been recognized by Forbes Asia as one among the Top 200 companies in 'Best under a Billion' 2017 List. With operations across the US, Europe, India, and Asia-Pacific, the team of 1500 dedicated Kelltonites is consistently on the lookout for the next competitive advantage.

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