Smart Meters News

Recent industry report about Smart Meters company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Smart Meters Market industry experts.

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Smart Meters News

  • March 2023: Diehl Metering Inc. announced a strategic partnership with STACKFORCE GmbH, a German company specializing in embedded software for communicating IoT devices and related integration devices. Through this partnership, Diehl aims to maintain its leading position in the market and further expand in the communication technology market for smart meters, smart utilities, and smart cities.
  • March 2023: Itron Inc. announced that Peoples Gas and North Shore Gas, subsidiaries of WEC Energy Group, are operating together with ComEd, an energy provider to over 4 million customers, to share ComEd's existing Itron advanced metering infrastructure (AMI) multi-purpose network to assist smart technology that will streamline natural gas meter reading to build efficiencies and lower carbon emissions.
  • March 2023: Landis+GyrTechnology Inc. and WEC Energy Group announced a partnership to expand the Advanced Metering Infrastructure (AMI) coverage for gas and electric meters and develop the current managed services agreement through 2038. It includes 210,000 G480 ultrasonic gas meters, 750,000 AMI gas modules, and 204,000 advanced electric meters.
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  • May 2024 - frontline.io, a leader in AR/VR solutions for training and operational support, has teamed up with Hololight, the foremost expert in XR streaming solutions for industrial enterprises. This strategic partnership is set to revolutionize the enterprise XR market, focusing on training and operational support.
  • May 2024 - Apparel Group, one of the leading players in the global fashion and lifestyle retail arena, has entered into a significant franchise partnership with Sandbox VR. Apparel Group's vast presence underscores the strength of this collaboration, boasting over 85 brands and a network of over 2,200 stores spanning 14 countries. 
  • April 2024: xydrobe, an exclusive VR destination, announced Harrods, a British luxury department store, as the first retail partner to open its advanced multi-sensory virtual reality cinema, providing visitors access to a diverse program of immersive experiences from the world’s most coveted luxury brands. The xydrobe VR Cinema was planned to be opened in June 2024 on the fifth floor of the Knightsbridge landmark, providing customers with an immersive 4D experience that aims to redefine the essence of storytelling and entertainment, which shows the future growth potential of the location-based VR market.
  • August 2023: Sandbox VR, a provider of location-based virtual reality (LBVR) experiences, announced significant growth and sales milestones and reported that its Deadwood Valley, LBVR studio, has registered USD 23 million in ticket sales since the beginning and is projected to make USD 100 million in lifetime sales, which shows the increasing demand for LBVR market in the gaming and entertainment sector.
  • January 2024: The Iranian government launched an innovative glass smart greenhouse in Zanjan province, which is one of the largest in the country. The glass greenhouse spans over 30 ha and includes 7 ha of tunnels. The glass greenhouse primarily grows bell peppers, but there are plans to expand into cherry tomatoes and strawberries soon.
  • October 2023: Netafim (Orbia’s Precision Agriculture business) partnered with Vermillion Growers to construct Manitoba, Canada’s extensive vegetable greenhouse. Netafim, the corporation’s division specializing in commercial greenhouse projects, provides Controlled Environment Agriculture (CEA).
  • July 2024 - H2O.ai launched its suite of small language models, the H2O-Danube3 series. The series is now accessible on Hugging Face and features two models: the H2O-Danube3-4B and the more compact H2O-Danube3-500M. These models are specifically engineered to advance natural language processing (NLP) boundaries and democratize advanced NLP capabilities.
  • January 2024 - Atos Group's digital, cloud, big data, and security arm, Eviden, and Microsoft have unveiled a five-year strategic partnership. The partnership will introduce novel Microsoft Cloud and AI solutions tailored for various industries. The alliance marks a significant milestone in Microsoft and Eviden's shared vision to drive digital transformation and empower businesses with advanced technologies. The two companies will co-develop and deploy transformative Data & AI, Copilot, and cloud transformation solutions as part of this partnership.
  • October 2023 - NetraDyne Inc. announced the launch of its Driver•i One solution, making the company a full telematics solution and ELD provider. Netradyne’s Driver•i One fleet safety solution is a robust, professional-grade video telematics device that can deliver data to power many of the solutions that fleets need.
  • September 2023 - Geotab Inc. announced the beta launch of Project G, which sets a new standard for the industry, empowering participating customers in Australia to effortlessly access on-demand insights on vehicle performance, efficiency, and sustainability. Project G is built on privacy-by-design principles and keeps all customer telematics data within Geotab’s environment, never shared with any Large Language Model (LLM).
  • March 2023: KORE Group Holdings, a global player in pure-play IoT solutions and connectivity-as-a-service ("IoT CaaS"), has agreed to purchase Twilio's IoT business division as part of a growth strategy to offer customers a unified, smooth approach to launching IoT solutions.
  • November 2022: A Memorandum of Understanding was signed between Disrupt-X, an IoT platform provider based in the UAE, and LORIOT, a global IoT company based in Switzerland, to assist in deploying the next generation of IoT solutions leveraging the adequate LoRaWAN infrastructure. The alliance plans to market IoT products primarily in the European market.
  • February 2022: Astrocast, a global nanosatellite IoT network, announced a partnership agreement with IoT service provider, UnaBiz, to develop an end-to-end IoT solution for asset tracking and monitoring. Through the partnership, Astrocast will provide its direct-to-satellite data service offering and consulting services to UnaBiz. Furthermore, UnaBiz is expected to facilitate the onboarding of Astrocast-enabled devices on UnaConnect, and an ISO27001-certified IoT device management data platform that manages close to a million IoT devices.
  • February 2022: Boingo Wireless, a total connectivity provider of distributed antenna systems (DAS), Wi-Fi, and private network, announced its partnership with Qualcomm Technologies Inc. and the Qualcomm Smart Cities Accelerator Program ecosystem to streamline the deployment of IoT devices for venue and enterprise customers leveraging the Qualcomm IoT Services Suite.
  • April 2024: Microsoft announced plans to invest USD 2.9 billion over the next two years to enhance its hyperscale cloud computing and artificial intelligence (AI) infrastructure in Japan. The company will also expand its digital skilling programs to provide AI training to over 3 million people within the next three years. Also, Microsoft will establish its first Microsoft Research Asia lab in Japan and strengthen its cybersecurity collaboration with the Government of Japan.
  • February 2024: Akamai Technologies, a cloud services provider, announced its plan to integrate cloud computing capabilities into its extensive edge network. This initiative, known as Akamai's Generalized Edge Compute (Gecko), aims to enhance the company's strategy to become the preferred cloud computing platform. By running workloads closer to users, devices, and data sources, Akamai seeks to improve user experiences significantly.
  • February 2024: Payments giant Mastercard built its own proprietary generative artificial intelligence model to help thousands of banks in its network detect and root out fraudulent transactions. According to the company, its new advanced AI model, Decision Intelligence Pro, would allow banks to better assess suspicious transactions on its network in real time and determine whether they are legitimate or not.
  • April 2024: Cognizant unveiled a strategic partnership with FICO, a prominent analytics software firm, to introduce a cloud-based, real-time payment fraud prevention solution. This innovative solution, driven by FICO Falcon Fraud Manager, harnesses both companies’ advanced AI and ML technologies. It has been tailored to assist banks and payment service providers in North America, safeguarding their clientele amid the rapid expansion of digital payment platforms.
  • April 2024: Carv, a data layer platform that lets web3 gaming apps, AI companies, and gamers control and monetize their data, raised a USD 10 million series A round led by Tribe Capital and IOSG Ventures. The company differentiates itself by empowering users with data ownership and monetization rights, which are expected to support the market growth during the forecast period.
  • February 2024: Tecnotree, a digital platform and service leader for AI, 5G, and cloud-native technologies, partnered with BytePlus, the enterprise arm of Bytedance, to transform wholesale enterprise monetization through the Tecnotree Moments campaign management program for CSPs. This collaboration plans to work toward B2B2X digital ecosystem management, showcasing the growth opportunity of AI and API monetization strategies for CSPs across the world.
  • April 2023 - Apple has been awarded a patent (US 11,619,991 B2) for software that would give its HomePod digital assistant the ability to understand a recognized person’s voiced instruction and facial signals as a single command. Simultaneously, Aqara, a new startup introduced its video doorbell, which has facial recognition and can disguise a home occupant’s voice when conversing remotely with someone at the door.
  • December 2022 - Alarm.com has released Smart Arming, a new feature that intelligently arms and disarms Alarm.com powered home security systems based on user activity. Users select the time of day they generally want their system armed at night (e.g., after 11 p.m.), disarmed in the morning (e.g., at 7 a.m.), and then go about their regular routines.

Smart Meters Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)