Australia’s M2M mobile services market will comprise more than three million connections in 2017, up from about 1.3 million today, according to new research published by Telsyte.
The Australia-based market-research organization says growth will be fuelled by the adoption of a wide range of remote field applications.
It also expects operator service revenues from M2M to increase at a compound annual growth rate of 14% between 2013 and 2017, with the number of organizations using M2M technologies rising at a similar rate over the forecast period.
According to Telsyte, M2M growth is being driven by the needs of particular vertical sectors rather than by the size or location of businesses.
In that respect, the healthcare, engineering and services sectors are expected to be the fastest adopters of M2M solutions over the next 12 to 24 months.
“M2M is now proving itself valuable to many organisations looking to reduce on-site operations and optimise business processes,” said Alvin Lee, a senior analyst with Telsyte.
“As the M2M technology infrastructure is built into more devices, and more solutions become available, customers will have a lot less of a barrier to M2M and the telcos are well positioned to take advantage of this trend,” he added.
As noted by Telsyte, M2M applications rely on mobile networks to connect devices and be used in a variety of settings, including security and control systems, vehicles, remote displays and even food vending machines.
Telsyte reckons more than 60% of Australian business and government organizations are either using or looking at M2M solutions, and says interest in applying the technology is growing.
“M2M applications such as telemetry, mobile device management and POS systems are key growth areas,” said Lee, adding that demand for cloud services and big data applications will also enhance the growth of M2M applications.