Berg Insight, a research and analysis company, published a new report 'The Global Wireless M2M Market' expecting the number of machine-to-machine (M2M) connections to grow by 21% this year to a total of 213.9 million connections by year end. As the internet-of-things (IoT) starts picking up in a big way this year, more and more machines, vehicles, household devices and wearables are becoming connected. With cloud-based solutions and simple, easy to use mobile apps for end-users, the IoT wave is sweeping across many industrial and consumer verticals, providing remote control capabilities that allow users to control, manage, track and monitor various 'things' remotely.
According to Berg Insight, the deployment of M2M connections will continue to grow rapidly in the next five years at an estimated CAGR of 22.9% reaching 599.7 million connections by 2019. Berg Insight said that in terms of adoption, East Asia, Western Europe and North America are leading the way, making up about 75% of total worldwide M2M deployments.
Berg Insights highlighted the concept of connected management, where the connection is coupled with solutions that allow end-users (including manufacturers, regulators and the consumers themselves) to manage the connected machines and devices. Connected vehicles, for example, according to Berg, allows drivers, fleet operators and external stakeholders such as governments, insurance companies and financial service providers to manage vehicles, operations, risks and revenues associated to the vehicle such as taxes and insurance premiums. The huge value add brought by having the right platforms and applications will be paving way for new business opportunities for network operators, manufactuers and IoT solution providers.
"The IT-revolution has created new opportunities to collect and analyse data for the purpose of managing objects and behaviours. Connected management is based on the connection of remote devices to applications for the purpose of managing assets & products, costs & revenues, relationships & behaviour etcetera."
- Tobias Ryberg, Senior Analyst, Berg Insight
