The number of worldwide cellular M2M connections is forecast to soar from its current level of 277 million to a staggering 2.5 billion by 2020, according to a new report from Strategy Analytics.
A combination of factors, including global connectivity platforms, efforts at standardization, cloud computing and regulatory initiatives will help contribute to a compound annual growth rate of more than 30% between now and 2020, says the company.
Strategy Analytics reckons that most M2M activity will come in the areas of mHealth, smart metering, telematics and automation.
Sierra Wireless (Richmond, Canada) has reported impressive top-line gains and profits on the back of its growing M2M business and sales of 4G products.
The vendor—which makes modems, routers and gateways and develops software and services for wireless applications—reported a 19.7% year-on-year increase in revenues, to $167.4 million, for the second quarter of 2012.
Net earnings, meanwhile, came in at $3.58 million, compared with a loss of $6.77 million for the same period last year.
German telecoms giant Deutsche Telekom has opened an M2M developer community in a bid to spur the growth of the M2M applications market.
The operator says the community will allow developers to access tools like APIs, programming guidelines and software development kits (SDKs), making it easier for them to develop and sell M2M applications.
Novatel Wireless (San Diego, USA) has reported a 13% year-on-year fall in second-quarter revenues, to $102.4 million, while the company’s net loss rose to $4.5 million from $3.9 million this time last year.
The maker of USB modems, embedded modules and smart M2M modules blamed the impact of competing products for the sales decline.
Two forces today are reshaping the telecoms landscape: the proliferation of connected devices and the elevated expectations of consumers for richer customer experiences. In order to remain competitive and overcome the challenges these forces have created, organizations need to adopt a technology services business model that supports the increasing demands from consumers, improves customer experience and retention and continues to drive bottom-line growth for businesses.
General Motors and its technology subsidiary OnStar have announced plans to join the smart-grid project being led by Pecan Street in Texas.
Pecan Street, a non-profit research and development consortia based at the University of Texas, is testing a clean-energy smart grid in a neighbourhood in Mueller, about three miles from Austin. The project has received some $10.4 billion from the Energy Department and about $14 billion from project partners.
US network operator Verizon has completed its acquisition of M2M player Hughes Telematics, saying the deal will help it to expand its capabilities in automotive and fleet telematics.
Hughes will become a part of Verizon Enterprise Solutions, which already provides M2M services to the automotive, transportation and healthcare industries, among others.
M2M software company Arkessa (Cambridge, UK) has announced plans to partner with data-center provider Telehouse (owned by Japanese telecoms giant KDDI) over the development of a private cloud, to be hosted at Telehouse’s London data centers.
Best known as the UK-based designer of the application processors used in most of the world’s mobile phones, ARM has invited a number of other UK technology specialists to establish a group aimed at fighting what it calls the “Internet of Silos”.
ARM says it wants to create a blueprint for how M2M technologies should work together to support the 50 billion devices that are forecast to be connected to the internet by 2020.