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Trackfy Technology Projects Revenue of R$ 10 Billion in 2024 with Real-Time Location Solutions, Enhancing Well-Being and Safety in Industry 5.0.
According to a recent study, Trackfy Technology highlights the potential of applying life-saving technologies in industrial plants and construction sites, predicting a revenue of R$10 billion in Brazil by 2024. These advancements aim to enhance safety and well-being, being essential for the evolution of Industry 5.0.
These innovative technologies are pointed out as a promising solution to daily challenges faced in critical industrial sectors. With the adoption of new real-time location tools (RTLS), companies can implement solutions that ensure a safer and more efficient environment, bringing significant impact to the entire production chain.
Technologies for Saving Lives
These technologies are used to save lives in industrial plants and large construction sites, providing for a quick decision-making in risky situations and accidents. ‘This is a technology that aligns with the new concept of Industry 5.0 or even Construction 5.0, where the well-being of the worker is at the center of investments,’ explains Túlio Cerviño, CEO of the company. According to Cerviño, the data is collected from international indicators, from organizations like Global Market Insights, Quupa, and Bluetooth SIG. ‘Based on this information, it is estimated that the global market for real-time location systems (RTLS) has a potential of US$ 22 billion, to be reached by 2026,’ he asserts.
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Expansion of the RTLS Market
Trackfy’s research applies the TAM-SAM-SOM concept. In Total Available Market or Total Market (TAM), the projection reaches R$ 10 billion of potential RTLS in the Brazilian market. Based on this potential, Trackfy has been betting on the expansion of its business – the technology developed by the startup is already present in more than 20 industrial units and construction sites across three states. In summary, Trackfy’s solution consists of the following: signal transmitters are worn on helmets and badges of workers.
Using Internet of Things (IoT) resources, data analysis and algorithms, the technology provides managers with an online analysis of the situation in the work environments. This reduces evacuation time in case of incidents (up to 30% reduction), saving lives. Large corporations in the chemical, agri, steel, mining, construction, and oil sectors already use Trackfy’s technological solution. Additionally, productivity in these operations also increases – customer case studies show an increase of up to 18%.
Impacts of International and Government Indicators
According to Cerviño, in addition to international indicators, particularly in Brazil, Trackfy also considers surveys from the federal government (Ministry of Transport and New Industry Brazil Program), Brazilian Infrastructure Center, Steel Institute, Sebrae, and National Electric Energy Agency (Aneel). Investments in economic activities such as industry, ports, warehouses, and civil works would impact the demand for the RTLS market. ‘The development of the RTLS market is crucial for Brazil to achieve industry/construction 5.0 – which combines the revolution of technologies with the enhancement of the human being, maximizing the work and well-being of workers,’ Cerviño states.
Data Analytics and IoT in the Technological Revolution
‘A solution based on data analytics, digitization, and IoT, which aims, through the provision of data, insights, and real-time indicators, to transform workplaces into safer and more productive environments, places humans at the center of the benefits of its application, as it enhances both the managers’ ability to act and the safety and daily lives of the workers in the field,’ defines Cerviño. Trackfy is a 100% Brazilian company, recognized in the market as one of the most promising in industry management. Founded in 2020 in Salvador, the company has expanded its presence to São Paulo. Between 2021 and 2023, it has maintained a growth rate that doubles its revenue annually, and the projections for the end of 2024 follow the same trend.
Source: © TRACKFY Press
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