M2M market to be worth $290 billion by 2017: report

The global M2M industry is expected to generate some $290 billion in revenues in 2017, up from just $44 billion this year, according to new research from MarketsandMarkets.

The research company predicts that revenues will grow at a compound annual rate of 30.1% over the next five years as companies take advantage of new M2M opportunities.

MarketsandMarkets lists Alcatel-Lucent (Paris, France), AT&T (Dallas, USA), Cisco (San Jose, USA), Intel (Santa Clara, USA), IBM (New York, USA), Huawei (Shenzhen, China) and Gemalto (Amsterdam, the Netherlands) as some of the key players that will shape M2M in the years ahead.

By networking objects and devices in a so-called ‘internet of things’, M2M communications are expected to transform the ways that companies do business and people conduct their lives.

In M2M, devices and sensors are installed in everyday items that are then connected to the internet using wired and wireless networks.

Sensors can be installed relatively easily in residential buildings, workplaces and public places.

According to MarketsandMarkets, the major challenges for the M2M industry are in establishing global ubiquitous networks offering two-way connectivity.

The research company says that architectural designs for the ‘internet of things’ will need to support efficient two-way caching and data-synchronization techniques, as well as network-connected endpoints that can be used to monitor the location, state and condition of devices.


Related Tags

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...