Skip to main content

Global M2M Revenue will Reach $40 Billion by 2019

During the last couple of years, machine-to-machine (M2M) technology has become part of the product portfolio on offer by global mobile network operators and a significant revenue stream for M2M specialists.

Telematics remains an area of growth in the broader M2M market, as is security and a variety of mHealth applications. In other sectors, such as the smart home and consumer electronics, Wi-Fi is becoming the dominant technology, though mobile technology is used to access the cloud and is likely to play a subsidiary role.

Meanwhile business models are beginning to account for new technology and open source software related concepts and developments -- one of the latest to gain significant traction is the notion of an Internet of Things (IoT).

Juniper Research now forecasts that the Far East and China region will account for 22 percent of global cellular M2M connections by 2019 -- that's a substantial increase from 15 percent in 2014.

The new research found that concerted ongoing efforts by China's major telecom providers -- particularly in smart metering and connected cars -- will account for the rise of connected devices in China. However, established M2M markets in North America and Western Europe will likely retain the majority of connected device revenues.

"China Telecom, China Unicom and China Mobile have all made strides to embrace M2M," said Anthony Cox, senior analyst at Juniper Research. "In many cases, they are providing end-to-end solutions, supported by systems integration and dedicated charging policies."

The research argued that this surge has been aided by State Grid Corporation of China's plan to spend $68.7 billion in smart grid technologies this year.

Nonetheless, in the case of smart metering, the average revenue generated per device is constrained by complexity in deployment as well as a lack of a clear business model.

Additionally, the research observed a trend from merely connected devices towards connected ecosystems. This development has in turn driven the application of Big Data analytics in some verticals, unlocking the potential of M2M.

Juniper claims that increasing interest in white-space radio spectrum would in turn enable the number of M2M modules to proliferate, due to the lower cost and power requirements of modules designed to function in this spectrum.

Other key findings from the study include:
  • Juniper Research forecasts that the global M2M sector will deliver service revenues of over $40 billion by 2019.
  • M2M in agriculture is increasing in importance for monitoring farm animals and increasing productivity through precise field-mapping.
  • M2M will increasingly form the backhaul infrastructure necessary for emerging Internet of Things applications.

Popular posts from this blog

How Savvy Pioneers Lead the Future of Work

Hybrid and fully remote work are inevitable in the Global Networked Economy where high-performance talent demands flexibility from employers. To enable these progressive work models, organizations are investing in a wide range of technologies to support more agile types of employment.  According to the latest worldwide market study by International Data Corporation (IDC), leading organizations will spend nearly $1 billion on the Future of Work (FoW) in 2023 -- that's an increase of 18.8 percent over 2022. Future of Work Market Development "Work models continue to evolve, but 37 percent of decision-makers in a recent global survey note that Remote and Hybrid work models will be an embedded part of accepted work practices, supported by a continued shift to the cloud, increasingly instrumented and interconnected physical workplaces, and intelligent digital workspaces," said Holly Muscolino, group vice president at IDC . According to the IDC assessment, organizations must mak

Human Resource Transformation Enabled by IT

Many senior executives are taking a proactive approach to digital business transformation in order to achieve their strategic goals. Delivering revenue growth and profitability is now imperative for every function, including Human Resources (HR). The top 3 priority HR technologies this year are skills management, learning experience platforms, and internal talent marketplaces, according to the latest worldwide market study by Gartner. "With a tumultuous global economy, HR technology leaders face a balancing act in 2023," said Sam Grinter, director at Gartner . "Leaders must anticipate greater levels of accountability and demand for measurable outcomes to justify new technology investments." HR Transformation Market Development Forty-four percent of HR leaders report driving better business outcomes is their number one strategic priority for HR technology transformation over the next three years. Growth in headcount and skills (26 percent) and cost optimization (17 p

Virtual Reality Market Set to Reach $100 Billion

Virtual Reality (VR) market growth is now finally coming to fruition. Thanks to current actions and market momentum, VR is approaching what can be considered critical mass. And, not a moment too soon. This growth momentum comes from new hardware and content releases, accelerating enterprise value recognition, and a significant metaverse wild card that could potentially lift adoption and usage. According to the latest worldwide market study by ABI Research, over 85 million VR Head Mounted Displays (HMDs) will be shipped in 2027 across consumer and enterprise segments, creating a $100 billion VR market that includes hardware, software, and services. Virtual Reality Market Development "Expectations have been high in VR for years, and even decades, without notable growth to show. That growth is finally coming over the next five years," said Eric Abbruzzese, research director at ABI Research . The barrier to entry is lower than ever, all while content performance and user experien