May 17, 2020

Hyperloop One pod makes maiden journey

Hyperloop
Hyperloop One
DevLoop
autonomous pod
Fran Roberts
2 min
Hyperloop One has successfully completed the inaugural test run of the world’s first autonomous pod.

On 29 July 2017, Hyperloop One completed the sec...

Hyperloop One has successfully completed the inaugural test run of the world’s first autonomous pod.

On 29 July 2017, Hyperloop One completed the second phase of testing, achieving historic test speeds traveling nearly the full distance of the 500-metre DevLoop track in the Nevada desert.

The Hyperloop One XP-1, the company’s first-generation pod, accelerated for 300 metres and glided above the track using magnetic levitation before braking and coming to a gradual stop.

“This is the beginning, and the dawn of a new era of transportation,” said Shervin Pishevar, Executive Chairman and Co-founder of Hyperloop One.

“We’ve reached historic speeds of 310km an hour, and we’re excited to finally show the world the XP-1 going into the Hyperloop One tube. When you hear the sound of the Hyperloop One, you hear the sound of the future.”

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During testing, Hyperloop One achieved record speeds, in a tube depressurised down to the equivalent of air at 200,000 feet above sea level.

The test marks the latest milestone in making Elon Musk’s Hyperloop concept a reality and demonstrates a considerable improvement since the company’s first full-system test last May: the pod travelled 4.5 times further, achieved 2.7 times faster speeds, and experienced 3.5 times more horsepower.

“We’ve proven that our technology works, and we’re now ready to enter into discussions with partners, customers and governments around the world about the full commercialisation of our Hyperloop technology,” said Hyperloop One CEO Rob Lloyd.

“We’re excited about the prospects and the reception we’ve received from governments around the world to help solve their mass transportation and infrastructure challenges.”

Despite being based in LA and building its test track in Nevada, Hyperloop One has mostly focused its attention outside the US. The company has feasibility studies underway in the United Arab Emirates, Finland and Sweden, the Netherlands, Switzerland, Russia and the UK.

As the Hyperloop concept has been open-sourced by Musk, Hyperloop One is not the only player working on the proposed mode of transportation – although it does appear to have the competitive edge for now.

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Jul 30, 2021

IoT market expected to grow due to increase in IoT use cases

IoT
Internet of Things
market growth
Catherine Gray
3 min
The Internet of Things (IoT) service market is expected to grow at a rate of 24% through 2025 according to a report by The Business Research Company

An increase in the internet of things use cases is expected to drive the IoT service market, according to the IoT Services Global Market Report 2021: COVID-10 Growth and Change to 2030.

IoT has found its use in many areas over the years. It can be used in manufacturing, farming, smart cities, transportation and in many other industries and fields.

Due to the fact it can be utilised in many industries, there is an increased need for IoT services and applications. IoT services that provide support by delivering services such as consulting, data management, network management and security services, are in much higher demand.

The impact of COVID-19 on the IoT services market

According to the report, the global IoT services market is expected to grow from $139.24 billion in 2020 to $162.39 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%.

In the coming years, the IoT managed services market size is expected to reach $381.16 billion in 2025 at a CAGR of 24%.

This growth lends itself to companies resuming operations and adapting to the new normal as we emerge and recover from the pandemic.

Previously, COVID-19 restrictions led to restrictive containment measures, remote working and the closure of commercial activities that resulted in operational challenges.

IoT use cases driving growth

The IoT services market consists of the sales of IoT services and their related products. IoT services are delivered by the IoT services providers. These providers provide consulting, security and analytics services as per the requirements of the business.

Major players in the IoT services industry are Cisco Systems, Cognizant, Google, Infosys and Tieto Corporation, to name a few.

An increase in IoT use cases is expected to drive the IoT service market; this is where IoT can be used to automate processes and increase productivity. As it has found many uses cases over the years, this increases the demand for IoT services and this is expected to drive growth.

Enhancing deployment workloads with edge or cloud computing

Despite the expected growth, low enterprise adoption is expected to hinder the IoT services market. Although IoT has its use in many industries, due to factors such as low awareness, enterprise adoption is low, the report states.

Only 29% of enterprises have adopted IoT solutions according to the Omida data survey.

Edge or cloud computing however is enhancing the deployment workload on IoT devices, according to the report. This solution facilitates data processing and data storage in the cloud.

Microsoft released its Azure IoT Edge recently. This fully managed service is built on Azure IoT Hub. By moving certain workloads to the edge of the network, businesses that utilise Microsoft’s IoT platform spend less time communicating with the cloud, react more quickly to local changes and operate reliably in extended offline periods. 

The IoT Services Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides an IoT services market overview

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