article thumbnail

How IoT Unlocks Uninterrupted Hypergrowth for Retail and CPG

Acuvate

The worldwide internet of things in the retail sector was worth $ 31.99 billion in 2020 and is anticipated to increase at a compound annual growth rate (CAGR) of 26% between 2021 and 2028. Much like every other industry, digital disruption has large-scale implications for the retail and the CPG sector.

article thumbnail

Asset Management in CPG using Digital Twins

Acuvate

Billion by 2028. Asset Management in CPG using Digital Twins: Benefits. The global digital twin market was valued at USD 6.5 Billion in 2021 and is forecast to reach a value of USD 53.5

article thumbnail

IoT-based Asset Management 101

Acuvate

billion by 2028. The global IoT asset tracking and monitoring market is slated to reach $6.7 In a world that is constantly in motion, the demand for IoT-based asset management and inventory management solution only promises to grow. Read to know why and how you can ride this wave. There is a reason for this burgeoning growth.