Last advances in smart sensor technology are greatly contributing to the emergence of Industry 4.0 a new industrial revolution that will involve improved productivity, higher efficiency, more safety, and also better flexibility and agility provided by new cloud technologies. Among the wide spectrum of smart sensors, motion sensors are intended to detect, identify and track human beings and objects, providing smart capabilities to a broad range of industrial systems and equipment. OndoSense has developed preSense, a compact and IoT-ready motion sensor, which thanks to the use of mm-wave radar technology is able to provide an accuracy down to 1 µm (i.e. 1,000 times higher than current existing solutions in the market). PreSense has been specifically designed to work with Industry 4.0-related technologies (i.e. big data, cloud-based, IoT), aiming to lead the next generation of Industry 4.0-ready smart motion sensors. The goal of the present project has been to perform a comprehensive assessment of the technical, commercial and financial feasibility of preSense deployment to the market.