TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Internet of Things

Internet of Things

Inmarsat research programme offers unique maritime IoT insights

Via Inmarsat Media Centre

Jun 6, 2018

06 June 2018: Original research commissioned by Inmarsat suggests that the maritime industry is more amenable to adopting analytic, management and operational tools applied through the Internet of Things (IoT) than many commentators have supposed.

The release of ‘ Industrial IoT: Maritime’ coincides with Posidonia, the international shipping exhibition held in Greece, and is part of the Inmarsat Research Programme 2018, which provides a cross-sector study on digitalisation in the global supply chain and is due for publication on 26 June.

The full report, based on 750 interviews conducted by technology market research company Vanson Bourne, investigates use of, attitudes to and predictions for IoT-based solutions across the maritime, transport and logistics, energy, mining and agriculture sectors.

Detailed account

The 125 maritime respondents include owners from across the board in terms of fleet size, with owners from Greece making up the largest constituency (25), followed by Japan (20) and Germany (15). Ship types are spread across the container, tanker, bulker, gas, offshore and fishing vessel segments.

“This is probably the most detailed account of attitudes towards the Internet of Things ever undertaken in the maritime industry, and its findings will surprise many,” says Stein Oro, Vice President of Applications Sales, Inmarsat Maritime.

“Respondents suggest that their average expenditure per business on IoT-based solutions will amount to US$2.5 million over the next three years. They say that IoT-based solutions will attract a larger share of their IT budgets than any other ‘next generation’ technology, while early analysis of other segments places maritime ahead of energy, agriculture and mining.”

Route optimisation

Given the timing of the report, it is especially interesting to note that Greek owners envisage substantially smaller outlay on IoT-based solutions in the period ahead, with the average investment planned for the coming three years less than 10% of the average overall. The finding is in line with overall expectations from three quarters of respondents that they will ‘fully deploy’ IoT-based solutions within 18 months, while the equivalent figure for Greek respondents is 40%.

Drilling down into the report, owners show themselves as upholding the maritime industry’s decade-long fixation with costs. While 51% of respondents say that revenue generation does not figure in their considerations, 75% say that they have realised, or expect to realise, savings using IoT. Route optimisation is typical and is identified by 57% as in use or on trial.

Regulation is providing a separate prompt for adoption. With rules inexorably tightening on emissions from ships, 65% of respondents say they already use IoT-based solutions to monitor fuel consumption, rising to 100% by 2023.

Cutting premiums

Also notable is the influential role played by marine insurers – cutting premiums is cited by 70% of respondents as one of the most important drivers for adoption. The finding is especially notable given that respondents are more concerned about data storage methods, poor network security and potential mishandling/misuse of data than they are of cyberattack, but only 25% are working on new IoT security policies.

Inmarsat is currently involved in a number of application and IoT projects in the maritime sector as part of its Certified Application Provider programme working with companies such as Rolls-Royce and Samsung Heavy industries to provide energy management and remote monitoring applications.

Related Topics
  • Announcement,
  • Inmarsat,
  • Internet of Things,
  • Research and Trials,
  • Tracker

More Like This

Digital Platforms & Services

e& splashes $4.4 billion on a near 10% stake in Vodafone

May 16, 2022

Access Evolution

Ericsson and Tampnet bring IoT connectivity management to offshore industries

May 11, 2022

Access Evolution

Global Cellular IoT Module Shipments to Cross 1.2 Bn Units by 2030

May 10, 2022

Digital Platforms & Services

Battle Motors Picks T‑Mobile to Connect New RevolutionOS™ EV Software for Trucks

May 10, 2022

Access Evolution

Strong result in a challenging environment

Apr 28, 2022

This content extract was originally sourced from an external website (Inmarsat Media Centre) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

35:55

The best use cases for telco/public cloud partnerships

13:58

Ahmed El Sayed on Vodafone’s ‘techco’ transformation

36:47

The role of 5G in private network innovation

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).