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Intelligent Remote Terminal Unit Market to Grow by USD 2.23 Billion (2024-2028), Driven by Industrial Remote Monitoring Needs, with AI Powering Market Evolution – Technavio

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NEW YORK, Dec. 3, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global intelligent remote terminal unit market  size is estimated to grow by USD 2.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.18%  during the forecast period. Growing need for remote monitoring in industrial facilities is driving market growth, with a trend towards growing adoption of scada in water monitoring. However, inadequate cybersecurity measures in scada systems  poses a challenge. Key market players include ABB Ltd., Advantech Co. Ltd., Eaton Corp. Plc, Emerson Electric Co., Enilit Ltd., General Electric Co., Honeywell International Inc., ICP DAS CO. LTD., Kalki Communication Technologies Pvt. Ltd., Mitsubishi Electric Corp., Motorola Solutions Inc., Moxa Inc., Remsdaq Ltd., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Siemens AG, Spectris Plc, WAGO GmbH and Co. KG, Westercom s.r.o, and Yokogawa Electric Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Oil and gas, Power generation, Chemical, Water and wastewater, and Others), Type (Wireless intelligent RTU and Wired intelligent RTU), and Geography (Europe, North America, APAC, Middle East and Africa, and South America)

Region Covered

Europe, North America, APAC, Middle East and Africa, and South America

Key companies profiled

ABB Ltd., Advantech Co. Ltd., Eaton Corp. Plc, Emerson Electric Co., Enilit Ltd., General Electric Co., Honeywell International Inc., ICP DAS CO. LTD., Kalki Communication Technologies Pvt. Ltd., Mitsubishi Electric Corp., Motorola Solutions Inc., Moxa Inc., Remsdaq Ltd., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Siemens AG, Spectris Plc, WAGO GmbH and Co. KG, Westercom s.r.o, and Yokogawa Electric Corp.

Key Market Trends Fueling Growth

The global population growth and urbanization have led to a significant increase in the demand for water. With the depletion of new freshwater resources, there is a pressing need for water infrastructure sustainability through Supervisory Control and Data Acquisition (SCADA) systems. Water reuse and recycling are becoming essential solutions to address the water crisis. Water utilities are investing in advanced SCADA technologies to monitor and optimize their water and wastewater plants. These systems enable utilities to monitor key assets such as pumps and filtration units, reducing energy consumption and optimizing workflow. SCADA systems analyze data from water flow rate, waste-activated sludge flow, digester temperature, and dissolved oxygen, allowing for better operational control and reduced wastage. Moreover, remote monitoring capabilities save time and costs by enabling operators to manage plants from a distance. The rising adoption of SCADA in water and wastewater treatment, driven by both developed and developing countries’ needs, is expected to fuel the growth of the Intelligent Remote Terminal Unit (IRTU) market during the forecast period. 

The Intelligent Remote Terminal Unit (RTU) market is thriving due to the increasing demand for remote signaling, adjustment, and monitoring in various industries. Wireless terminal devices, capable of transmitting both serial port data and IP data, are trending. Central monitoring systems rely on data transmission links for format conversion and communication protocols to ensure seamless data interaction. GPRS/CDMA technologies enable remote communication, while control functions, analog input/output, and event-triggered cycles facilitate automation. Smart grids, telemetry systems, and smart city projects utilize RTUs for data collection, status monitoring, and equipment control. Abnormal alarms and fault statuses are communicated in real-time, allowing for quick response. Microprocessors, I/O devices, and power supplies power these intelligent terminal devices. Communication networks and facility monitoring systems benefit from the advanced capabilities of RTUs. 

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Market Challenges

The Intelligent Remote Terminal Unit (IRTU) market is experiencing significant growth due to the increasing adoption of advanced automation technologies in industries. However, this growth is threatened by the rising number of cybersecurity incidents. With the proliferation of connected devices, interconnections, interactions, and interfaces, industries face increased security risks. SCADA systems, used for centralized control and monitoring, are a key target for cybercriminals. The evolution of SCADA architecture, driven by the Internet and cloud technology, has increased vulnerability to cyber threats. Cyberthreats, such as ransomware attacks and distributed denial of service (DDoS) attacks, are constantly evolving. Ransomware attacks involve hacking a system and demanding a ransom, while botnets, which are networks of controlled devices, can perform DDoS attacks and spam campaigns. The Indian Computer Emergency Response Team reported a significant increase in cybersecurity incidents, from 3,94,499 in 2019 to 14,02,809 in 2021. SCADA systems need to evolve to meet these threats, with up-to-date security measures to protect against data hacking and alteration. Failure to do so can result in operational failure and significant damage to critical infrastructure.The Intelligent Remote Terminal Unit (RTU) market is witnessing significant growth due to the increasing demand for remote monitoring and control applications in various industries. Challenges such as remote signaling and adjustment, central monitoring, and wireless terminal devices require advanced data transmission links and format conversion capabilities. Communication protocols like GPRS/CDMA are essential for remote communication, while microprocessors and I/O devices enable control functions for analog input/output and event-triggered cycles. In industries such as power generation, agriculture, telecommunications, and smart city systems, data collection and status monitoring are crucial. Intelligent terminal devices facilitate remote data acquisition and operation control through communication networks. Facility monitoring, data interaction, and abnormal alarm notifications are essential for efficient and effective management. Power supplies and telemetry ensure seamless data transmission and interaction between various automation devices and smart grid systems. 

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Segment Overview 

This intelligent remote terminal unit market report extensively covers market segmentation by

End-user 1.1 Oil and gas1.2 Power generation1.3 Chemical1.4 Water and wastewater1.5 OthersType 2.1 Wireless intelligent RTU2.2 Wired intelligent RTUGeography 3.1 Europe3.2 North America3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Oil and gas-  Intelligent Remote Terminal Units (IRTUs) are vital components in the oil and gas industry, enabling remote monitoring, control, and automation for safe and efficient operations. IRTUs are deployed at wellheads to monitor pressure, temperature, flow rates, and fluid levels, facilitating real-time production optimization and safety compliance. In tank farms, they manage inventory, optimize storage capacity utilization, and ensure safety regulations for hazardous materials. As part of Supervisory Control and Data Acquisition (SCADA) systems, IRTUs collect data from remote sites, transmit it to centralized control centers, and execute control commands, enabling centralized monitoring and control of field operations across vast areas. The increasing demand for pipeline monitoring and growing offshore exploration activities are driving the need for IRTUs, making them an essential element in the oil and gas segment of the global IRTU market.

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Research Analysis

The Intelligent Remote Terminal Unit (RTU) market refers to the demand for advanced RTUs used in industrial automation and control systems. These RTUs go beyond traditional functions by integrating sensor networks, transmission networks, and IoT capabilities. The sensor network layer collects data from various sensors, while the transmission network layer ensures secure and reliable data transmission. Intelligent RTUs feature network interfaces for remote data interaction, data processing, and data storage with data encryption for security. They support communication networks like SCADA systems, telemetry, and remote control through signal input/output modules, microprocessors, and wired/wireless communication. Power supplies ensure uninterrupted operation, and these devices can function as wireless terminal devices for port data and IP data transmission. Overall, Intelligent RTUs enable efficient facility monitoring, operation control, and data management in various industries.

Market Research Overview

The Intelligent Remote Terminal Unit (RTU) market encompasses advanced devices used for remote data acquisition, facility monitoring, and operation control in various industries. These devices communicate with sensor networks at the Sensor Network Layer and Transmission Network Layer, ensuring seamless data interaction through Network Interfaces. The Intelligent Terminal Devices process Sensor Data and execute Control Functions, employing Microprocessors and Power Supplies for efficient performance. Communication networks, such as GPRS/CDMA, enable Remote Communication, Remote Control, Remote Signaling, and Remote Adjustment. Data Collection, Status Monitoring, Equipment Control, and Abnormal Alarm are crucial functions, while Telemetry, Central Monitoring, and Automation Devices enhance system efficiency. Applications span across Smart Grid Systems, Telemetry Systems, Smart City Systems, Power Generation, Agriculture, and Telecommunications. I/O Devices and Communication Protocols facilitate Data Transmission Links, Format Conversion, and Event-triggered Cycles.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userOil And GasPower GenerationChemicalWater And WastewaterOthersTypeWireless Intelligent RTUWired Intelligent RTUGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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AiRISTA Launches Newest Version of Sofia™, Setting a Standard for Enterprise-Grade Real-Time Location Systems

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Platform modernization delivers unmatched flexibility, enterprise security, and open interoperability — reinforcing AiRISTA’s position as the RTLS platform built to scale with any technology environment

TIMONIUM, Md., July 21, 2026 /PRNewswire/ — AiRISTA, a leading provider of real-time location systems (RTLS) trusted by more than 300 organizations worldwide, today announced the newest release of its flagship Sofia™ real-time location intelligence platform. Building on the foundation established with the Vision RTLS platform, Sofia represents the next evolution of AiRISTA’s location intelligence platform to meet the evolving needs of enterprise and government customers.

As organizations increasingly rely on location intelligence to improve staff safety, operational efficiency, and workflow automation, Sofia enables them to leverage existing technology investments through an open, technology-agnostic platform rather than a single-vendor ecosystem.

Sy Sajjad, Founder and CEO, AiRISTA: “Sofia reflects what we’ve believed since founding AiRISTA: location intelligence should adapt to how an organization actually operates, not force the organization to adapt to a single vendor’s technology. With this release, we’ve strengthened the security, flexibility, and scalability that enterprise and healthcare customers require — while staying true to the open, technology-agnostic architecture that has always set Sofia apart.”

Key enhancements in the new release include:

A modernized user experience with simplified administration

Enterprise-grade security with Single Sign-On (SSO), Multi-Factor Authentication (MFA), TLS 1.3, and enhanced access controls

A centralized Integrations Hub supporting leading wireless infrastructure and enterprise applications, including EHR, MES, nurse call, and other operational systems

Multi-tenant tag roaming for seamless multi-site deployments

Enhanced dashboards, reporting, alert management, and platform performance

Unlike RTLS platforms built around a single positioning technology, Sofia supports Wi-Fi, Bluetooth® Low Energy (BLE), Ultra-Wideband (UWB), infrared (IR), GPS, and RFID within a single platform, allowing organizations to select the right technology for each use case without vendor lock-in. 

Jon Collins, Director of Integrated Product Solutions, AiRISTA: “The latest release of Sofia was built around a simple principle: the platform should improve outcomes, not add complexity. Whether that’s enabling a faster staff duress response, integrating location intelligence with electronic health records (EHRs), manufacturing execution systems (MES), nurse call, or other enterprise applications, or scaling seamlessly across multiple sites, this release removes friction at every layer—for administrators, IT teams, and the frontline staff who rely on Sofia every day. “

Organizations shouldn’t have to replace existing systems to unlock the value of location intelligence. Sofia was designed to integrate with the technologies customers already rely on. The latest release extends that flexibility with a new, centralized Integrations Hub supporting HPE Networking solutions (including HPE Aruba Networking and Juniper Mist), Cisco Spaces, Cisco Meraki, Cisco CMX, and other leading infrastructure platform.

Wyatt Meek, Chief Commercial Officer, AiRISTA: “What we hear consistently from customers evaluating RTLS is that they don’t want to choose between capability and flexibility — they want both. Sofia gives organizations enterprise-grade security and a modernized experience without asking them to give up the freedom to choose the right technology for each use case. That combination is difficult to find elsewhere in this market.”

Sofia is available now. Existing customers can work with their AiRISTA account team to plan upgrades. To learn more, visit www.airistaflow.com.

About AiRISTA

AiRISTA is a leading provider of real-time location systems (RTLS) and location intelligence solutions for healthcare, industrial, and government organizations. Trusted by more than 300 organizations worldwide, the Sofia platform delivers real-time visibility into people, assets, and environments while integrating with a broad ecosystem of wireless infrastructure and enterprise systems. AiRISTA is ISO 9001 and ISO 27001 certified.

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SOURCE AiRISTA Flow

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GCG Advisory Partners Reports Strong First-Half 2026, Marked by Four Strategic Acquisitions, $1.1 Billion in New Assets, and Completion of Three-Platform Model

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Firm expands AUM, welcomes new advisory teams, and deepens its national footprint following 2025 recapitalization

CHARLOTTE, N.C., July 21, 2026 /PRNewswire/ — GCG Advisory Partners (“GCG”), a national wealth management aggregator platform, today announced a series of milestones completed in the first half of 2026 that reinforce the firm’s growth trajectory and its position as a partner of choice for independent financial advisors.

Since its August 2025 recapitalization with BharCap Partners, GCG has grown EBITDA by more than 200%, a pace that reflects both a disciplined deal strategy and the caliber of the teams choosing to join. The firm acquires and supports registered investment advisory (RIA) practices nationwide, giving each the infrastructure, capital, and flexibility to keep growing while staying focused on clients.

Completion of the Three-Platform Model

GCG also completed the build-out of its three-platform operating model (independent RIA, broker-dealer/corporate RIA, and hybrid RIA), so advisors can choose the affiliation that best fits their practice and clients. Every prospective partner now has a clear route in, whatever structure they prefer.

Four Acquisitions, Four New Chapters

Gunderson Capital Management. Closed April 3, 2026, this deal added roughly $578 million in AUM, custodied at Charles Schwab, and established GCG’s independent RIA channel. The Mount Pleasant, S.C. firm is led by nationally recognized market commentator Bill Gunderson.

Gateway Capital Advisors. Also effective that day, this $300 million-plus practice joined through an asset purchase, recognized for its entrepreneurial, organically driven growth and deep client-planning work.

Head Investment Partners. In June, this $180 million Knoxville practice joined GCG, led by 30-year advisor Daniel Head and known for its options and risk-management expertise, giving GCG its first footprint in Tennessee.

BlueChip Financial Advisors. A hybrid RIA custodying through Fidelity Institutional Wealth Services, it opened GCG’s first presence in the Northeast and rounded out the firm’s affiliation options, giving incoming teams the full range of ways to join.

Each brings specialized capabilities to GCG’s expanding roster of practices.

Leadership Perspective

“The first half of 2026 has been about disciplined execution: completing our platform, welcoming exceptional advisory teams, and building a firm that advisors and institutional partners alike can trust. We’re proud of what our team has accomplished, and we remain focused on sustainable, high-quality growth, driven by both organic momentum and disciplined acquisitions, through the back half of the year and into 2027.”

— Joel Burris, CEO & Managing Partner, GCG Advisory Partners

Looking Ahead

GCG continues to evaluate new opportunities and remains committed to supporting advisors and clients across all three affiliation models. The firm expects to share further updates later in 2026.

For entrepreneurial advisors looking to build lasting equity in their practice, GCG offers the capital, infrastructure, and partnership to make it happen. To start a confidential conversation, contact our team.

About GCG Advisory Partners

GCG Advisory Partners is a national wealth management aggregator that acquires and supports registered investment advisory practices nationwide. Through its independent RIA, broker-dealer/corporate RIA, and hybrid RIA channels, the firm gives advisors the infrastructure, resources, and flexibility to grow while staying focused on their clients. GCG is backed by BharCap Partners. For more information, visit www.gcgap.com.

Media Contact:

Nicole Caputo
Contact@gcgap.com
704-372-4491

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SOURCE GCG Advisory Partners

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Buzz Health and VetHubRx Partner to Bring Real-Time Prescription Savings to Veterinary Care

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Strategic integration embeds multi-card discount pricing directly into veterinary e-prescribing workflows, expanding affordability and price transparency for pet owners at the pharmacy counter

FORT WALTON BEACH, Fla., July 21, 2026 /PRNewswire/ — Buzz Health™, a healthcare technology company, and VetHubRx, a veterinary e-prescribing platform, today announced a strategic partnership to integrate real-time prescription discount pricing directly into VetHubRx’s e-prescribing and consumer-facing platforms.

Through the collaboration, VetHubRx will embed Buzz Health’s RxCompare® pricing infrastructure into its prescribing workflow, enabling veterinary providers and pet owners to access and apply the lowest available discount price at the point of prescribing and fulfillment. The integration supports automated best-price routing via Buzz Health’s SmartBIN® across a configurable multi-card discount network, delivering real-time price visibility within the digital prescribing experience and seamless claims adjudication through RxCompare’s pharmacy network and infrastructure.

The partnership marks Buzz Health’s first integration with a veterinary e-prescribing platform, extending the company’s prescription affordability technology into a market where most medication purchases are paid entirely out of pocket, given that only 4 to 5% of pets in the U.S. are insured, according to the North American Pet Health Insurance Association.

Unlike human healthcare, pet insurance rarely covers prescription drugs at the point of sale, leaving pet owners fully exposed to retail pricing with limited visibility into available savings. Many pet owners are unaware that the same prescription discount programs available for human medications can also be applied to their pet’s prescriptions, a gap this partnership addresses by embedding savings directly into the prescribing workflow.

“Veterinary prescribing is undergoing a digital transformation, and this partnership positions Buzz Health at the forefront of that shift,” said Lathe Bigler, Senior Vice President, Business Strategy at Buzz Health. “By embedding real-time pricing and multi-card savings directly into the prescribing workflow, we are helping veterinary providers deliver price transparency to pet owners before they arrive at the pharmacy, reducing surprises at the counter and improving prescription fulfillment rates.”

VetHubRx is a standalone e-prescribing application designed for veterinary clinics and animal hospitals, enabling providers to generate and transmit prescriptions electronically to retail pharmacies nationwide. Animal hospitals typically do not dispense medications on-site, meaning prescriptions are mostly routed to retail pharmacies, making real-time pricing visibility at the pharmacy counter particularly valuable. The platform also includes a consumer-facing app that engages pet owners on refills and prescription management.

“Our providers want to give pet owners every advantage when it comes to affording the medications their animals need,” said MJ Hamilton, CEO and Founder of VetHubRx. “Integrating real-time discount pricing into our workflow means pet owners can see the most affordable option at the pharmacy closest to them, all within the same digital experience their veterinarian uses to prescribe. It removes friction from the process and helps ensure prescriptions are filled.”

The partnership focuses on prescriptions for human-equivalent medications commonly prescribed for pets, which are filled at retail pharmacies across the country. The integration applies SmartBIN technology to automatically route each prescription to the discount card offering the lowest available price using a single set of processing codes, ensuring pet owners receive optimal savings with no additional steps required by the prescriber or pharmacist.

Buzz Health currently supports prescription access across thousands of pharmacies nationwide and continues expanding its platform to serve e-prescribing applications, EMR/EHR integrations, and additional enterprise partners.

About Buzz Health

Buzz Health is a healthcare technology company delivering intelligent, customizable prescription solutions through its integrated platforms, including BuzzRx, RxCompare, and RxAffect. Designed for scale and flexibility, Buzz Health’s technology helps streamline pharmacy operations, optimize claims in real time, and improve access and affordability across the prescription ecosystem. By serving as the intelligence layer behind prescription savings and benefit navigation, Buzz Health enables measurable cost reductions, improved adherence, and better health outcomes. Learn more at www.buzzhealth.com.

About VetHubRx

VetHubRx is the first and only e-prescribing platform built exclusively for veterinarians, empowering clinics to electronically prescribe to virtually any participating pharmacy nationwide. By eliminating phone calls, faxes, and unnecessary administrative work, VetHubRx streamlines the prescribing process for veterinary teams while giving pet owners the freedom to fill prescriptions at the pharmacy that best meets their needs. Faster prescribing, greater convenience, and improved access to medications help create a better experience for both clinics and pet owners. Learn more at vethubrx.com.

Media Contact
buzzhealthPR@supremecomms.ai

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SOURCE Buzz Health

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