M-health to drive M2M revenue growth to 2022: Strategy Analytics

The M2M industry is set to generate annual revenues of $242 billion in 2022, up from $45 billion in 2013, with healthcare one of the driving forces of this dramatic growth, according to new research from Strategy Analytics.

According to the study, healthcare (including m-health services), consumer electronics, utilities and vehicles will together be responsible for 85% of total M2M revenues by the end of the forecast period.

In the healthcare market, m-health services will come to generate the lion’s share of revenues, says Strategy Analytics.

Noting that global spending on healthcare currently exceeds $6.5 trillion, and continues to trend upwards, the company says the majority of m-health revenues will come from services that are designed to streamline or replace existing and costly face-to-face processes, monitor and track patients with chronic conditions, and assist with IT automation to improve efficiency and reduce costs.

Unsurprisingly, much of the m-health momentum will come from the US, which has already established a lead over other developed countries in this area.

“Healthcare, consumer electronics, utilities and vehicles are areas that will see major revenue growth, through the driving out of inefficiency in existing processes as well as the creation of new service opportunities,” said Andrew Brown, an executive director of enterprise and M2M research at Strategy Analytics.

“The growth in providers of regulatory-compliant network operation centers, investment from industrial giants like GE [Fairfield, CT, USA] and growth in the number of ‘big data’, system integrator, IT and analytics companies highlight the real and significant revenue potential that exists in the M2M market,” added Brown.


Featured Big Data Reports

Market Opportunity: Big Data in the Internet of Things
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.


Structured and Unstructured (Big) Data in Telecom Analytics
This report provides the reader with a broad understanding of telecom data (structured and unstructured/big data) and related analytics. The report identifies market drivers and opportunities as well as forecasts for certain key growth areas such as deep packet inspection.


Telecom Carrier Big Data Operations, Applications, and Services
Telcos have a major advantage in that they have many sources of data but if they want to monetize that data and derive meaningful, actionable analytics it could be challenging due to the complexities of correlation, prediction, and the massive volumes of data from different sources.


Affordable Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles




Featured Events & Partners

The Telecom Exchange (TEX)
Wednesday, June 24, 2015

Cipriani Wall Street, New York City

Designed to navigate enterprise and carrier network operators through all carrier hotels and colocation houses available in the US and globally.

Visit event website...