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Use Cases Track and Trace for Industrial Tools

Track and Trace for Industrial Tools

Track and trace for industrial tools refers to systems capable of recognizing and reporting the location and status of tools in a facility. Today's production of industrial and consumer goods requires exacting work. Precise application of pressure or torque is required in many industries and operator errors can cause costly defects. Track and trace technology can improve production safety, quality, and productivity.

 

Asset tracking is currently done via barcode and a variety of manual steps in most cases. However, new solutions leveraging smart tags, near-field communication (NFC), and RFID are coming to market to globally track all varieties of objects in real time.

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Number of Case Studies3
DeviceLynk Delivers Customized IIoT Solution
DeviceLynk Delivers Customized IIoT Solution
Previously to working with ThingWorx, DeviceLynk built an IIoT platform but found it lacked scalability. They needed something to capture and handle data from an unlimited amount of devices and customers.
Electric Imp Launches Cellular IoT Connection Support
Electric Imp Launches Cellular IoT Connection Support
Without continuous connectivity, real-time data is really hard to deliver for any cloud service provider. The number of IoT devices with cellular connections will nearly quadruple over the next five years with increasing LTE subscriptions and access to 5G networks, according to Ericsson’s bi-annual Mobility Report. At the same time, ensuring reliable connectivity, while being mindful of security and device management as IoT implementations scale, continues to be a challenge for industrial IoT use cases.
Kaazing Aims to Protect World Wide Assets Using DisasterAWARE Enterprise
Disaster management, for the past few decades, has taken an unreliable and hardly scalable approach to addressing significant natural catastrophes.

The track and trace solutions market is projected to reach USD 3.93 billion by 2023 from USD 1.65 billion in 2018, at a CAGR of 18.9%.

Source: marketsandmarkets

The global track and trace solutions market size was estimated at USD 1.4 billion in 2016 and is expected to grow at a CAGR of 15.9% during the forecast period 2018-2025.

Source: GVR

The Global Track and Trace Solutions Market is poised to grow at a CAGR of around 18.1% over the next decade to reach approximately USD 5.47 billion by 2025.

Source: RAM

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GE Digital (GE)
Your Cloud Platform for the Industrial Internet
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WIBU-SYSTEMS
Perfection in Protection, Licensing and Security
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IoT ONE
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Adaptive Wireless Solutions
Will Sun
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Huawei
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