IoT Advances Will Expand Wireless M2M Market

As the number of connected devices increases, technology is being leveraged in new ways across a growing number of industries. For the machine-to-machine (M2M) industry, interconnected wireless networks for communications have helped to increase production and efficiency while decreasing costs. As a result, global wireless M2M revenues are expected to reach $50.1 billion in 2013.

Within the consumer market, devices like tablets and e-readers are being heavily adopted on a global scale. Those devices—in addition to the ones that are used in homes and businesses—are currently being transformed for use in M2M applications. In the Visiongain report, “The Machine to Machine (M2M) Market 2013-2023: Smart Devices & the Internet of Things (IoT),” researchers determine that there will be significant growth in the market through 2023. Companies are currently addressing consumer demands for full-time connectivity while governments continue to support initiatives for greater mobile connectivity.

A catalyst for M2M-connected devices has been the uptake of LTE services. The report covers problems, requirements, opportunities, and impact as the market steadily switches from GSM to LTE. Opportunities include public and personal health applications, the smart grid, connected appliances, and connected-home devices.

The eight leading M2M—in terms of connectivity—market segments are discussed in terms of predicted growth rates and emerging trends. These segments are: utilities, automotive, security, retail, healthcare, government, financial services, and industrial. Major network concerns are discussed as well. They include solving deployment issues, security concerns, increasing specialization by leading players, platform requirements and opportunities, and analysis of barriers to entry. Leading companies within the industry, such as AT&T, are discussed in addition to those with the greatest potential for gain.

The report includes forecasts through 2023 at global, submarket, and national levels. The researchers also assess technologies, competitive forces, and expected product developments. To obtain a copy of the report, go here.