Internet of Medical Things Market Driving Innovation and Sustainability in 2025
Notable applications of IoMT include remote patient monitoring (RPM) for individuals with chronic illnesses, tracking medication orders, monitoring the location of hospitalized patients, gathering data from wearable health devices, and connecting ambulances to healthcare professionals during transit. These devices typically link to cloud platforms where the collected data is stored and analyzed, enhancing the overall efficiency of healthcare delivery. The utilization of IoMT for remote patient monitoring is commonly associated with telemedicine, a practice that alleviates the need for patients to visit hospitals or clinics for medical inquiries or changes in their health status, thus promoting convenience and accessibility in healthcare.
Key Growth Drivers and Emerging Opportunities in the Market
· The demand for remote patient monitoring is on the rise, driven primarily by an aging population and the increasing prevalence of chronic diseases such as diabetes and hypertension. As healthcare systems face the challenge of providing continuous care outside traditional hospital settings, the need for effective monitoring solutions has become more critical.
· Significant advancements in connectivity technologies, including the expansion of 5G networks, Bluetooth Low Energy (BLE), and Narrowband Internet of Things (NB-IoT), have greatly improved the ability to transmit data in real-time. These technologies facilitate more reliable and low-latency communication, which is essential for the optimal performance of Internet of Medical Things (IoMT) devices.
· The proliferation of wearable and implantable devices, such as smartwatches, ECG monitors, insulin pumps, and biosensors, is transforming the landscape of health monitoring. These devices are becoming increasingly prevalent due to advancements in sensor accuracy and miniaturization, which enhance their diagnostic and monitoring capabilities. As these technologies become more integrated into daily life, they empower patients to take an active role in managing their health, while also providing healthcare professionals with valuable data for informed decision-making.
· The integration of artificial intelligence (AI) and big data analytics into healthcare is revolutionizing the way data from IoMT devices is utilized. Machine learning algorithms can analyze vast amounts of data to generate predictive insights, enabling early diagnosis and personalized treatment plans. This data-driven approach not only improves clinical outcomes but also enhances the overall efficiency of healthcare delivery, allowing for more tailored interventions that meet individual patient needs.
· Government and regulatory support play a crucial role in the advancement of digital health and remote care services. Initiatives aimed at transforming healthcare through technology are being implemented, with favorable policies emerging in regions such as the United States, where the FDA's Digital Health Innovation Action Plan is paving the way for innovation, and the European Union, which is advancing its Medical Device Regulation (MDR). These supportive frameworks encourage the development and adoption of remote monitoring solutions, fostering a more connected and efficient healthcare ecosystem.
The Internet of Medical Things and the FDA
The Internet of Medical Things (IoMT) is closely governed by FDA regulations, particularly 21 CFR Part 820—also known as the Quality System Regulation (QSR). This regulation outlines the essential requirements for the design, manufacturing, packaging, labeling, storage, installation, and servicing of finished medical devices intended for human use. As IoMT devices depend heavily on real-time data transmission and connectivity, adherence to these standards is critical to ensure their safety, effectiveness, and reliability. The integration of software and network capabilities into these devices demands strong cybersecurity protocols and ongoing monitoring to safeguard patient data and ensure system integrity. Compliance with 21 CFR Part 820 helps ensure that IoMT products uphold consistent quality throughout their lifecycle, reinforcing both regulatory confidence and user trust in these cutting-edge medical technologies.
Challenges of IoMT Adoption
· Data Security and Privacy: IoMT devices handle large volumes of sensitive health data, making them prime targets for cyberattacks. Ensuring secure data transmission, strong encryption, and compliance with regulations like HIPAA is essential to protect patient privacy and system integrity.
· Interoperability: Many IoMT devices operate on different standards and protocols, leading to poor integration. This lack of interoperability limits the ability to create connected healthcare systems where devices communicate and share data efficiently.
· Data Management: IoMT generates vast amounts of data that must be stored, processed, and analyzed. Managing this data effectively requires systems that ensure accuracy, consistency, and relevance while avoiding overload.
· Cost and Infrastructure: High initial costs for IoMT deployment, including device installation and infrastructure upgrades, can be prohibitive—especially for smaller or underfunded providers. Ongoing maintenance adds to the long-term expense.
· Regulatory Compliance: IoMT devices must meet various regulatory standards, which can differ by region. Keeping up with these evolving requirements while maintaining compliance is a complex and ongoing challenge for developers and providers.
Competitive Landscape and Key Players
The Internet of Medical Things (IoMT) market is characterized by its rapid evolution and intense competition, featuring a blend of established medical device companies, technology innovators, and health IT service providers. Firms are vying for market share through innovative solutions, strategic alliances, and advancements in areas such as connectivity, artificial intelligence, cybersecurity, and data analytics. Common strategies include mergers and acquisitions, as well as partnerships with healthcare organizations and technology firms, aimed at enhancing product offerings and expanding global presence. The market's growth is fueled by a rising demand for remote patient monitoring, telemedicine, and real-time health data, with industry players prioritizing compliance with data privacy regulations and seamless integration with electronic health records.
Recent Developments in the market
· In June 2024, Apple Inc. unveiled iOS 18 for the iPhone, enhancing the device's capabilities, security, and intelligence. The Health App received a significant update, particularly with the revamped Medical ID feature, which now allows first responders to access vital information more efficiently during emergencies. Additionally, the app has been upgraded to better assist individuals throughout pregnancy, providing tailored insights and recommendations based on both physical and mental health changes.
· GE Healthcare, a prominent innovator in global medical technology, diagnostics, and digital solutions, announced on September 5, 2022, the introduction of its first 'Made in India' AI-powered Cath lab, the Optima IGS 320, aimed at enhancing cardiac care across the country.
· In May 2023, Bonatra, a healthtech startup, announced its acquisition of MyAva, a company specializing in women's health and wellness. This strategic move is intended to enhance Bonatra's holistic healthcare offerings, positioning the company as a comprehensive platform for managing chronic health conditions.
Future Outlook
The Internet of Medical Things (IoMT) market is poised for significant growth, fueled by an increasing need for remote patient monitoring, tailored healthcare solutions, and real-time data analytics. Innovations in artificial intelligence, 5G technology, and cloud computing are set to enhance the functionality of IoMT devices, making them smarter, more interoperable, and secure. As healthcare systems globally transition to value-based care, IoMT will be instrumental in improving patient outcomes while simultaneously lowering costs. The seamless integration of IoMT with electronic health records, telemedicine services, and predictive analytics will become more prevalent. Nevertheless, the market's expansion will hinge on addressing challenges such as cybersecurity threats, regulatory hurdles, and data integration issues. With robust investments from both the technology and healthcare sectors, the IoMT market is anticipated to grow significantly, reshaping the landscape of digital health in both developed and emerging markets.
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
TIME BUSINESS NEWS
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 hours ago
- Yahoo
Digi Acquires Jolt to Accelerate ARR Growth and Strengthen SmartSense's Market-Leading Offerings
MINNEAPOLIS, August 18, 2025--(BUSINESS WIRE)--Digi International Inc. ("Digi") (Nasdaq: DGII), a leading global provider of business and mission-critical Internet of Things (IoT) products, services and solutions, today announced its acquisition of Jolt Software, Inc., a leading solutions provider to the convenience store and food and beverage industries, for approximately $145.5 million in cash, net of Jolt's cash and otherwise subject to customary adjustments. The acquisition marks a significant milestone for Digi's SmartSense® business in advancing operational intelligence and compliance automation across foodservice, grocery, convenience, healthcare and other verticals. The acquisition supports Digi's strategy to expand annual recurring revenues (ARR) through high-value, scalable subscription offerings. Jolt will be integrated into SmartSense and will report results as part of the IoT Solutions segment. Digi funded the purchase price utilizing its current credit facility. In its fiscal year ended January 31, 2025, Jolt generated over $20 million in ARR, with ARR growth rate from the prior fiscal year exceeding the year-over-year growth rate of ARR in Digi's existing IoT Solutions segment for its fiscal year ended September 30, 2024. The transaction is expected to be immediately accretive to adjusted earnings per share upon closing. Digi also expects to generate an incremental $11 million in annualized adjusted EBITDA through synergies by the end of calendar 2026. Upon completion of the acquisition, Digi anticipates a net debt to adjusted EBITDA leverage ratio of 1.46x. As part of the transaction, Jolt brings with it certain tax attributes, including a net operating loss carryforward of approximately $30 million, subject to a Section 382 analysis, which may provide future tax benefits to Digi. Faegre Drinker Biddle & Reath LLP served as legal counsel to Digi in connection with the acquisition. Baird acted as financial advisor to Jolt, while Wilson Sonsini Goodrich & Rosati LLP provided legal counsel. "This acquisition positions Digi to deepen customer engagement, expand our market footprint, and accelerate ARR growth," said Ron Konezny, President and CEO of Digi International. "Jolt's proven platform and customer base complement SmartSense's IoT-driven compliance and analytics capabilities. Together, we're making a strategic step forward in our mission to deliver intelligent automation and operational excellence across industries." "This powerful combination redefines how our customers manage compliance and daily operations," said Guy Yehiav, President of SmartSense by Digi. "By joining forces, we're delivering intelligent, scalable tools that drive accountability, efficiency, and performance across multi-site environments. Our solutions empower customers with prescriptive actions that help them meet their critical objectives and create exceptional experiences for their own customers." Customers can expect SmartSense real-time monitoring, sensor technology, and prescriptive analytics coupled with Jolt's intuitive digital task workflows, employee scheduling, communication tools, and label printing and management. Together, these capabilities will empower organizations to: Automate compliance tasks and reduce operational risk Streamline daily workflows for frontline teams Increase efficiency and accountability across multi-site operations Improve food safety, regulatory adherence, and team performance Dynamic label printing that empowers teams to boost accuracy, cut costs, and ensure compliance The integrated solution addresses the growing need for intelligent, scalable, and user-friendly tools that simplify complexity across dynamic operating environments. As a new standard in operational excellence, SmartSense and Jolt are poised to deliver deeper value, faster deployment, and greater ROI for customers across core verticals. "By integrating our platforms, we will redefine operational excellence," said Josh Bird, CEO of Jolt. "Our customers will continue to experience the intuitive Jolt platform they know and trust, now amplified by SmartSense's unmatched IoT and compliance automation expertise. Together, we're setting a new standard on performance, accountability, and customer success." Strategic Highlights for Investors ARR Acceleration: Jolt's subscription-based model adds meaningful ARR and strengthens Digi's SaaS revenue mix. Cross-Sell Synergies: Combined capabilities create new opportunities across foodservice, retail, healthcare, and convenience verticals. Customer Diversification in Solutions Segment: Jolt's enterprise and mid-market customers complement SmartSense's footprint and expand Digi's reach. Innovation Pipeline: Integration of Jolt's task and workforce management tool with SmartSense's IoT platform enhances product roadmap and customer value propositions. Updated Fourth Fiscal Quarter 2025 and Full-Year Fiscal 2025 Guidance With the combination of Jolt and Digi, our outlook for fiscal 2025 changes. ARR is projected to grow approximately 28%, revenue is projected to grow approximately 1%, and Adjusted EBITDA is projected to grow 8% to 9%, in each case as compared to the prior fiscal year. We are updating our fourth fiscal quarter estimates: Revenue: $108.5 million to $112.5 million Adjusted EBITDA: $26.0 million to $27.5 million Adjusted Net Income per Diluted Share: $0.48 to $0.52 based on a weighted average diluted share count of 38.1 million shares. Due to the debt financing associated with the Jolt acquisition, we no longer expect to be net cash positive by the end of the fiscal year. We provide forward-looking estimates for Adjusted Net Income per Diluted Share as well as Adjusted EBITDA targets on a non-GAAP basis. We do not reconcile these items to their most comparable U.S. GAAP measure, as it is not possible to predict without unreasonable efforts numerous items that include but are not limited to the impact of foreign exchange translation, restructuring, interest, and certain tax-related events. Given the uncertainty, any of these items could have a significant impact on U.S. GAAP results. We're encouraged by the combination of Digi and Jolt, and we remain committed to scaling the business through inorganic growth opportunities that align strategically and contribute to ARR. Digi remains well-positioned to pursue additional transactions that we believe will deliver meaningful value to stockholders and customers. Conference Call Details Digi will discuss the acquisition of Jolt Software, Inc. on a conference call on Tuesday, August 19, 2025 at approximately 8:30 a.m. ET (7:30 a.m. CT). The call will be hosted by Ron Konezny, President and Chief Executive Officer, and Jamie Loch, Chief Financial Officer. Participants may register for the conference call at: Once registration is completed, participants will be provided a dial in number and passcode to access the call. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, or the hosting website at: A replay will be available within approximately two hours after the completion of the call for approximately one year. You may access the replay via webcast through the investor relations section of Digi's website. A copy of this release can be accessed through the financial releases page of the investor relations section of Digi's website at For more news and information on us, please visit About Digi International Delivering Scalable Solutions for What's Next Since 1985, Digi International Inc. (Digi) has been a pioneer in wireless communication, forging the future for connected devices and responding to the needs of the people and enterprises that use them. Before the Internet of Things was a thing, we built M2M and IoT devices, adapted to evolving network standards, and optimized data communications around the most advanced protocols and emerging technologies. From radio frequency modems to gateways, cellular routers, networking devices, embedded system-on-modules (SOM) and single-board computers (SBCs), Digi's solutions have continually grown to serve an extensive breadth of applications across the IoT landscape. Today, our IoT offering includes sensor-based solutions, a sophisticated platform for remotely monitoring device deployments of any size, anywhere, as well as professional design, implementation and certification teams to help you carry out your vision, no matter how large or small. Visit About SmartSense by Digi SmartSense by Digi® is a business unit of Digi International that delivers IoT Sensing-as-a-Service solutions for asset monitoring, process digitization, and digital decision-making. SmartSense enables organizations to ensure compliance, workforce productivity, and brand protection through data-driven automation and analytics. Visit About Jolt Jolt Software, Inc. (Jolt) provides operations execution software that helps businesses achieve team accountability, digital food safety compliance, and improved employee performance. Jolt is used by thousands of brands across retail, hospitality, and foodservice. Visit Forward-Looking Statements This press release contains forward-looking statements that are based on management's current expectations and assumptions about the acquisition and its impact on Digi's business and prospects. These statements often can be identified by the use of forward-looking terminology such as "assume," "believe," "continue," "estimate," "expect," "intend," "may," "plan," "potential," "project," "should," or "will" or the negative thereof or other variations thereon or similar terminology. Among other items, these statements relate to expectations of how the acquisition is expected to impact Digi's business and financial results, projections of future performance, including (but not limited to) expectations regarding the Digi's profitability, margin and ARR, and perceived marketplace opportunities. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions. Among others, these include risks related to our ability to realize synergies and operating benefits from the acquisition, ongoing and varying inflationary and deflationary pressures around the world and the monetary and trade policies of governments globally as well as present and ongoing concerns about a potential recession, the potential for longer than expected sales cycles, the ability of companies like us to operate a global business in such conditions as well as negative effects on product demand and the financial solvency of customers and suppliers in such conditions, risks related to ongoing supply chain challenges that continue to impact businesses globally, regulatory risks that include, but are not limited to, the potential expansion of tariffs and potential changes to regulations impacting the functionality or compliance of our products, risks related to cybersecurity, data breaches and data privacy, risks arising from the present military conflicts in Ukraine and the Middle East, the highly competitive market in which we operate, rapid changes in technologies that may displace products sold by us, , our reliance on distributors and other third parties to sell our products, the potential for significant purchase orders to be canceled or changed, delays in product development efforts, uncertainty in user acceptance of our products, the ability to integrate our products and services with those of other parties in a commercially accepted manner, potential liabilities that can arise if any of our products have design or manufacturing defects, our ability to defend or settle satisfactorily any litigation, the impact of natural disasters and other events beyond our control that could negatively impact our supply chain and customers, potential unintended consequences associated with restructuring, reorganizations or other similar business initiatives that may impact our ability to retain important employees or otherwise impact our operations in unintended and adverse ways, and changes in our level of revenue or profitability which can fluctuate for many reasons beyond our control. These and other risks, uncertainties and assumptions identified from time to time in our filings with the United States Securities and Exchange Commission, including without limitation, those set forth in Item 1A, Risk Factors, of our Annual Report on Form 10-K for the year ended September 30, 2024, subsequent filings on Form 10-Q and other filings, could cause our actual results to differ materially from those expressed in any forward-looking statements made by us or on our behalf. Many of these factors are beyond our ability to control or predict. These forward-looking statements speak only as of the date for which they are made. Except to the extent required by law, we do not undertake, and expressly disclaim, any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Presentation of Non-GAAP Financial Measures This release includes adjusted net income, adjusted net income per diluted share and Adjusted EBITDA (defined below), each of which is a non-GAAP measure. We understand that there are material limitations on the use of non-GAAP measures. Non-GAAP measures are not substitutes for GAAP measures, such as net income, for the purpose of analyzing financial performance. The disclosure of these measures does not reflect all charges and gains that were actually recognized by Digi. These non-GAAP measures are not in accordance with, or an alternative for measures prepared in accordance with, generally accepted accounting principles and may be different from non-GAAP measures used by other companies or presented by us in prior reports. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. We believe that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. We believe these measures should only be used to evaluate our results of operations in conjunction with the corresponding GAAP measures. Additionally, Adjusted EBITDA does not reflect our cash expenditures, the cash requirements for the replacement of depreciated and amortized assets, or changes in or cash requirements for our working capital needs. We believe that providing historical and adjusted net income and adjusted net income per diluted share, respectively, exclusive of such items as reversals of tax reserves, discrete tax benefits, restructuring charges and reversals, intangible amortization, stock-based compensation, other non-operating income/expense, changes in fair value of contingent consideration, acquisition-related expenses and interest expense related to acquisitions permits investors to compare results with prior periods that did not include these items. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends and to gain an understanding of our comparative operating performance. In addition, certain of our stockholders have expressed an interest in seeing financial performance measures exclusive of the impact of these matters, which while important, are not central to the core operations of our business. Management believes that "Adjusted EBITDA", defined as EBITDA adjusted for stock-based compensation expense, acquisition-related expenses, restructuring charges and reversals, and changes in fair value of contingent consideration, is useful to investors to evaluate our core operating results and financial performance because it excludes items that are significant non-cash or non-recurring items reflected in the Condensed Consolidated Statements of Operations. We believe that presenting Adjusted EBITDA as a percentage of revenue is useful because it provides a reliable and consistent approach to measuring our performance year over year and in assessing our performance against that of other companies. We believe this information helps compare operating results and corporate performance exclusive of the impact of our capital structure and the method by which assets were acquired. View source version on Contacts Investor Contact: Digi InternationalRob BennettDirector, Investor Relations(952) Sign in to access your portfolio
Business Wire
13 hours ago
- Business Wire
Digi Acquires Jolt to Accelerate ARR Growth and Strengthen SmartSense's Market-Leading Offerings
MINNEAPOLIS--(BUSINESS WIRE)--Digi International Inc. ('Digi') (Nasdaq: DGII), a leading global provider of business and mission-critical Internet of Things (IoT) products, services and solutions, today announced its acquisition of Jolt Software, Inc., a leading solutions provider to the convenience store and food and beverage industries, for approximately $145.5 million in cash, net of Jolt's cash and otherwise subject to customary adjustments. The acquisition marks a significant milestone for Digi's SmartSense® business in advancing operational intelligence and compliance automation across foodservice, grocery, convenience, healthcare and other verticals. The acquisition supports Digi's strategy to expand annual recurring revenues (ARR) through high-value, scalable subscription offerings. Jolt will be integrated into SmartSense and will report results as part of the IoT Solutions segment. Digi funded the purchase price utilizing its current credit facility. In its fiscal year ended January 31, 2025, Jolt generated over $20 million in ARR, with ARR growth rate from the prior fiscal year exceeding the year-over-year growth rate of ARR in Digi's existing IoT Solutions segment for its fiscal year ended September 30, 2024. The transaction is expected to be immediately accretive to adjusted earnings per share upon closing. Digi also expects to generate an incremental $11 million in annualized adjusted EBITDA through synergies by the end of calendar 2026. Upon completion of the acquisition, Digi anticipates a net debt to adjusted EBITDA leverage ratio of 1.46x. As part of the transaction, Jolt brings with it certain tax attributes, including a net operating loss carryforward of approximately $30 million, subject to a Section 382 analysis, which may provide future tax benefits to Digi. Faegre Drinker Biddle & Reath LLP served as legal counsel to Digi in connection with the acquisition. Baird acted as financial advisor to Jolt, while Wilson Sonsini Goodrich & Rosati LLP provided legal counsel. 'This acquisition positions Digi to deepen customer engagement, expand our market footprint, and accelerate ARR growth,' said Ron Konezny, President and CEO of Digi International. 'Jolt's proven platform and customer base complement SmartSense's IoT-driven compliance and analytics capabilities. Together, we're making a strategic step forward in our mission to deliver intelligent automation and operational excellence across industries.' 'This powerful combination redefines how our customers manage compliance and daily operations,' said Guy Yehiav, President of SmartSense by Digi. 'By joining forces, we're delivering intelligent, scalable tools that drive accountability, efficiency, and performance across multi-site environments. Our solutions empower customers with prescriptive actions that help them meet their critical objectives and create exceptional experiences for their own customers." Customers can expect SmartSense real-time monitoring, sensor technology, and prescriptive analytics coupled with Jolt's intuitive digital task workflows, employee scheduling, communication tools, and label printing and management. Together, these capabilities will empower organizations to: Automate compliance tasks and reduce operational risk Streamline daily workflows for frontline teams Increase efficiency and accountability across multi-site operations Improve food safety, regulatory adherence, and team performance Dynamic label printing that empowers teams to boost accuracy, cut costs, and ensure compliance The integrated solution addresses the growing need for intelligent, scalable, and user-friendly tools that simplify complexity across dynamic operating environments. As a new standard in operational excellence, SmartSense and Jolt are poised to deliver deeper value, faster deployment, and greater ROI for customers across core verticals. "By integrating our platforms, we will redefine operational excellence," said Josh Bird, CEO of Jolt. "Our customers will continue to experience the intuitive Jolt platform they know and trust, now amplified by SmartSense's unmatched IoT and compliance automation expertise. Together, we're setting a new standard on performance, accountability, and customer success." Strategic Highlights for Investors ARR Acceleration: Jolt's subscription-based model adds meaningful ARR and strengthens Digi's SaaS revenue mix. Cross-Sell Synergies: Combined capabilities create new opportunities across foodservice, retail, healthcare, and convenience verticals. Customer Diversification in Solutions Segment: Jolt's enterprise and mid-market customers complement SmartSense's footprint and expand Digi's reach. Innovation Pipeline: Integration of Jolt's task and workforce management tool with SmartSense's IoT platform enhances product roadmap and customer value propositions. Updated Fourth Fiscal Quarter 2025 and Full-Year Fiscal 2025 Guidance With the combination of Jolt and Digi, our outlook for fiscal 2025 changes. ARR is projected to grow approximately 28%, revenue is projected to grow approximately 1%, and Adjusted EBITDA is projected to grow 8% to 9%, in each case as compared to the prior fiscal year. We are updating our fourth fiscal quarter estimates: Revenue: $108.5 million to $112.5 million Adjusted EBITDA: $26.0 million to $27.5 million Adjusted Net Income per Diluted Share: $0.48 to $0.52 based on a weighted average diluted share count of 38.1 million shares. Due to the debt financing associated with the Jolt acquisition, we no longer expect to be net cash positive by the end of the fiscal year. We provide forward-looking estimates for Adjusted Net Income per Diluted Share as well as Adjusted EBITDA targets on a non-GAAP basis. We do not reconcile these items to their most comparable U.S. GAAP measure, as it is not possible to predict without unreasonable efforts numerous items that include but are not limited to the impact of foreign exchange translation, restructuring, interest, and certain tax-related events. Given the uncertainty, any of these items could have a significant impact on U.S. GAAP results. We're encouraged by the combination of Digi and Jolt, and we remain committed to scaling the business through inorganic growth opportunities that align strategically and contribute to ARR. Digi remains well-positioned to pursue additional transactions that we believe will deliver meaningful value to stockholders and customers. Conference Call Details Digi will discuss the acquisition of Jolt Software, Inc. on a conference call on Tuesday, August 19, 2025 at approximately 8:30 a.m. ET (7:30 a.m. CT). The call will be hosted by Ron Konezny, President and Chief Executive Officer, and Jamie Loch, Chief Financial Officer. Participants may register for the conference call at: Once registration is completed, participants will be provided a dial in number and passcode to access the call. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, or the hosting website at: A replay will be available within approximately two hours after the completion of the call for approximately one year. You may access the replay via webcast through the investor relations section of Digi's website. A copy of this release can be accessed through the financial releases page of the investor relations section of Digi's website at For more news and information on us, please visit About Digi International Delivering Scalable Solutions for What's Next Since 1985, Digi International Inc. (Digi) has been a pioneer in wireless communication, forging the future for connected devices and responding to the needs of the people and enterprises that use them. Before the Internet of Things was a thing, we built M2M and IoT devices, adapted to evolving network standards, and optimized data communications around the most advanced protocols and emerging technologies. From radio frequency modems to gateways, cellular routers, networking devices, embedded system-on-modules (SOM) and single-board computers (SBCs), Digi's solutions have continually grown to serve an extensive breadth of applications across the IoT landscape. Today, our IoT offering includes sensor-based solutions, a sophisticated platform for remotely monitoring device deployments of any size, anywhere, as well as professional design, implementation and certification teams to help you carry out your vision, no matter how large or small. Visit About SmartSense by Digi SmartSense by Digi® is a business unit of Digi International that delivers IoT Sensing-as-a-Service solutions for asset monitoring, process digitization, and digital decision-making. SmartSense enables organizations to ensure compliance, workforce productivity, and brand protection through data-driven automation and analytics. Visit About Jolt Jolt Software, Inc. (Jolt) provides operations execution software that helps businesses achieve team accountability, digital food safety compliance, and improved employee performance. Jolt is used by thousands of brands across retail, hospitality, and foodservice. Visit Forward-Looking Statements This press release contains forward-looking statements that are based on management's current expectations and assumptions about the acquisition and its impact on Digi's business and prospects. These statements often can be identified by the use of forward-looking terminology such as "assume," "believe," "continue," "estimate," "expect," "intend," "may," "plan," "potential," "project," "should," or "will" or the negative thereof or other variations thereon or similar terminology. Among other items, these statements relate to expectations of how the acquisition is expected to impact Digi's business and financial results, projections of future performance, including (but not limited to) expectations regarding the Digi's profitability, margin and ARR, and perceived marketplace opportunities. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions. Among others, these include risks related to our ability to realize synergies and operating benefits from the acquisition, ongoing and varying inflationary and deflationary pressures around the world and the monetary and trade policies of governments globally as well as present and ongoing concerns about a potential recession, the potential for longer than expected sales cycles, the ability of companies like us to operate a global business in such conditions as well as negative effects on product demand and the financial solvency of customers and suppliers in such conditions, risks related to ongoing supply chain challenges that continue to impact businesses globally, regulatory risks that include, but are not limited to, the potential expansion of tariffs and potential changes to regulations impacting the functionality or compliance of our products, risks related to cybersecurity, data breaches and data privacy, risks arising from the present military conflicts in Ukraine and the Middle East, the highly competitive market in which we operate, rapid changes in technologies that may displace products sold by us, , our reliance on distributors and other third parties to sell our products, the potential for significant purchase orders to be canceled or changed, delays in product development efforts, uncertainty in user acceptance of our products, the ability to integrate our products and services with those of other parties in a commercially accepted manner, potential liabilities that can arise if any of our products have design or manufacturing defects, our ability to defend or settle satisfactorily any litigation, the impact of natural disasters and other events beyond our control that could negatively impact our supply chain and customers, potential unintended consequences associated with restructuring, reorganizations or other similar business initiatives that may impact our ability to retain important employees or otherwise impact our operations in unintended and adverse ways, and changes in our level of revenue or profitability which can fluctuate for many reasons beyond our control. These and other risks, uncertainties and assumptions identified from time to time in our filings with the United States Securities and Exchange Commission, including without limitation, those set forth in Item 1A, Risk Factors, of our Annual Report on Form 10-K for the year ended September 30, 2024, subsequent filings on Form 10-Q and other filings, could cause our actual results to differ materially from those expressed in any forward-looking statements made by us or on our behalf. Many of these factors are beyond our ability to control or predict. These forward-looking statements speak only as of the date for which they are made. Except to the extent required by law, we do not undertake, and expressly disclaim, any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Presentation of Non-GAAP Financial Measures This release includes adjusted net income, adjusted net income per diluted share and Adjusted EBITDA (defined below), each of which is a non-GAAP measure. We understand that there are material limitations on the use of non-GAAP measures. Non-GAAP measures are not substitutes for GAAP measures, such as net income, for the purpose of analyzing financial performance. The disclosure of these measures does not reflect all charges and gains that were actually recognized by Digi. These non-GAAP measures are not in accordance with, or an alternative for measures prepared in accordance with, generally accepted accounting principles and may be different from non-GAAP measures used by other companies or presented by us in prior reports. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. We believe that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. We believe these measures should only be used to evaluate our results of operations in conjunction with the corresponding GAAP measures. Additionally, Adjusted EBITDA does not reflect our cash expenditures, the cash requirements for the replacement of depreciated and amortized assets, or changes in or cash requirements for our working capital needs. We believe that providing historical and adjusted net income and adjusted net income per diluted share, respectively, exclusive of such items as reversals of tax reserves, discrete tax benefits, restructuring charges and reversals, intangible amortization, stock-based compensation, other non-operating income/expense, changes in fair value of contingent consideration, acquisition-related expenses and interest expense related to acquisitions permits investors to compare results with prior periods that did not include these items. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends and to gain an understanding of our comparative operating performance. In addition, certain of our stockholders have expressed an interest in seeing financial performance measures exclusive of the impact of these matters, which while important, are not central to the core operations of our business. Management believes that "Adjusted EBITDA", defined as EBITDA adjusted for stock-based compensation expense, acquisition-related expenses, restructuring charges and reversals, and changes in fair value of contingent consideration, is useful to investors to evaluate our core operating results and financial performance because it excludes items that are significant non-cash or non-recurring items reflected in the Condensed Consolidated Statements of Operations. We believe that presenting Adjusted EBITDA as a percentage of revenue is useful because it provides a reliable and consistent approach to measuring our performance year over year and in assessing our performance against that of other companies. We believe this information helps compare operating results and corporate performance exclusive of the impact of our capital structure and the method by which assets were acquired.
Yahoo
18 hours ago
- Yahoo
Hydrogen Detection Market worth $0.50 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla, Aug. 18, 2025 /PRNewswire/ -- The hydrogen detection market is expected to reach USD 0.50 billion by 2030 from USD 0.28 billion in 2025 at a CAGR of 11.8%, from 2025 to 2030 according to a new report by MarketsandMarkets™. Key drivers fueling the growth of the hydrogen detection market are the high adoption of fuel cells globally, increased use of hydrogen in several applications, and enforcement of stringent health and safety regulations worldwide. These factors significantly influence hydrogen safety protocols and drive sensor deployments across sectors. Additionally, shifting the focus of OEMs to low-carbon energy systems, the rising deployment of IoT-enabled gas detection systems provides opportunities to the players in the hydrogen detection market. Such advancements are expected to enhance real-time monitoring and predictive maintenance in hydrogen-rich environments. Download PDF Brochure: Browse in-depth TOC on "Hydrogen Detection Market" 120 – Tables65 – Figures230 – Pages Hydrogen Detection Market Scope: Report Coverage Details Market Revenue in 2025 $ 0.28 billion Estimated Value by 2030 $ 0.50 billion Growth Rate Poised to grow at a CAGR of 11.8% Market Size Available for 2021–2030 Forecast Period 2025–2030 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Sensor Technology, Implementation Type, Detection Range, Process Stage, Application, and Region Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Production and revenue losses due to unwanted downtime of detection equipment Key Market Opportunities Shifting focus of OEMs to low-carbon energy systems Key Market Drivers Rising Adoption of Fuel Cells By implementation type, the portable segment is expected to register the second-fastest growth during the forecast period. The portable hydrogen detection segment is expected to register the second-fastest growth rate in the implementation type category during the forecast period. This growth is driven by rising safety concerns across industries such as oil & gas, chemicals, automotive, and energy & power, where personnel often work in remote or confined spaces. Portable hydrogen detectors offer the flexibility of real-time, on-site monitoring without being constrained by fixed infrastructure. Technological advancements, such as miniaturized sensors, wireless connectivity, and extended battery life, are enhancing the usability and reliability of these devices. Moreover, regulations mandating safety audits and emission monitoring have increased the adoption of handheld hydrogen gas detectors. In emerging economies across Asia and Latin America, increasing industrialization and worker safety norms are also propelling the deployment of portable detection systems. These detectors are particularly valuable in inspection, repair, and maintenance (IRM) applications, as they can quickly identify hydrogen leaks and prevent potential hazards. Additionally, the growing use of hydrogen fuel cells in transportation is driving demand for portable devices that can monitor hydrogen concentrations in mobile environments. These factors collectively contribute to the strong outlook for portable hydrogen detectors during the forecast period. By process stage, the generation segment is projected to hold the largest market share during the forecast period. Hydrogen generation is projected to account for the largest market share within the process stage segment of the hydrogen detection market during the forecast period. The primary driver is the increasing global focus on green and blue hydrogen production to support decarbonization goals across energy-intensive sectors. During hydrogen generation, whether through electrolysis, steam methane reforming (SMR), or biomass gasification, it is critical to monitor hydrogen concentrations to ensure operational safety, optimize efficiency, and prevent leaks or explosions. Any undetected hydrogen leaks in generation facilities can pose significant risks, including fire hazards and environmental damage. As a result, detection technologies such as electrochemical and thermal conductivity sensors are widely integrated into hydrogen production plants. Additionally, with governments worldwide introducing subsidies and infrastructure investments in green hydrogen projects, generation facilities are increasing, especially in regions such as Europe, North America, and the Asia Pacific. This growth in infrastructure is further boosting the demand for hydrogen sensors at the generation stage. Moreover, digital integration with SCADA and DCS systems for remote hydrogen monitoring further supports sensor deployment in generation units. Hence, hydrogen generation remains the hydrogen value chain's most sensor-intensive and safety-critical stage. Inquiry Before Buying: By region, North America is projected to hold the second-largest market share during the forecast period. North America is anticipated to hold the second-largest share of the hydrogen detection industry during the forecast period, driven by robust infrastructure, regulatory mandates, and a strong focus on clean energy transition. The US government's substantial investments in hydrogen production and storage through initiatives such as Hydrogen Energy Earthshot are expanding the adoption of hydrogen technologies across the energy, transportation, and industrial sectors. These developments are fueling demand for hydrogen sensors across the generation, storage, and usage stages. The region is home to several leading hydrogen detection technology providers, including Honeywell (US), Teledyne (US), NevadaNano (US), and Makel Engineering (US), all of which are advancing innovations in sensor miniaturization, wireless connectivity, and explosion-proof designs. Additionally, the growing number of hydrogen-fueled vehicles and refueling stations is driving the adoption of detection systems in both mobile and fixed infrastructure applications. Canada is also making strides through increased R&D and pilot programs focused on hydrogen use in remote energy systems and fuel cell transportation. North America's strong industrial base, commitment to workplace safety, and technological leadership position it as a key regional market for hydrogen detection solutions. The report profiles key players in hydrogen detection companies including Teledyne Technologies Incorporated (US), Honeywell International (US), H2San (US), Figaro Engineering (Japan), Nissha FIS (Japan), MSA Safety (US), H2Sense (China), SGX Sensortech (Switzerland), Drägerwerk AG & Co. KGaA (Germany), and Alphasense (UK). These players have adopted various organic and inorganic growth strategies such as product launches, expansions, acquisitions, partnerships, collaborations, agreements, and investments. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting See More Latest Semiconductor Reports: Precision Aquaculture Market by Sensors, Camera Systems, Control Systems, Software (On Cloud, On Premises), Services, Smart Feeding Systems, Monitoring and Control Systems, Underwater ROV Systems, Feed Optimization, Monitoring & Surveillance, Yield Analysis & Measurement, Open Aquaculture Farms and RAS Farms - Global Forecast to 2030 Intelligent Transportation System Market by Roadways, Railways, Aviation, Maritime, Advanced Traffic Management Systems, Tolling & Parking Management Systems, Security & Surveillance Systems, Smart Ticketing Systems - Global Forecast to 2030 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
