When it comes to the Internet of Things (IoT), one of the industries that benefits the most is healthcare. Access to real-time data and predictive diagnostics have improved the patient experience and revolutionized the way doctors and patients communicate. In fact, the Personal Emergency Response Systems (PERS) market is expected to grow to over $11B by 2025, with mobile solutions (mPERS) the largest, fastest growing segment. But with this fast growth, comes more competition in the healthcare IoT space. As a result, top leaders in the mPERS industry are looking for ways to expand their portfolios and solution offerings.
In this case study, we highlight how a global, leading manufacturer of wandering prevention devices did just that. While they achieved early success in the healthcare IoT industry as an early adopter and supplier of mPERS solutions, they knew that they would have to broaden their range of offerings in order to keep their market share. They sought to develop a new multifunctional, wearable solution that could be fully customized to the end-user's needs with capabilities like panic alerts, fitness tracking, and GPS locating. The challenge with delivering this new device to the market was finding a reliable partner to manage their global connectivity at an optimal rate.Find out how KORE helped this company: