Market
Gateways, edge compute and platform software that instrument industrial and building assets — the telemetry substrate beneath energy software, automation and building management. It is a slower-growing but broad adjacency where Meridian's cross-BU installed base is the entry advantage and standardization the prize.
Market size
$5.2B
Growth
13%
▲ to 2029
Segments
2
Attractiveness
64
Serviceable ≈ 15% of addressable, reflecting portfolio and coverage fit
The facets behind this market's attractiveness score.
Broad connected base
13% CAGR
Telemetry under existing offers
Fragmented field
Cross-BU installed base
Standards still forming
| Region | Size | Share | Growth |
|---|---|---|---|
| United States | $1.6B | 30% | 12% |
| Western Europe | $1.4B | 26% | 12.5% |
| China | $1.2B | 24% | 14% |
| Japan & Korea | $1.0B | 20% | 13% |