A new report from tech industry analyst Juniper Research says the Machine to Machine (M2M) business is going to quadruple over the next few years.
In particular, the M2M and embedded devices market will grow from 100 million to 400 million units by the first quarter of 2018. Part of the reason for the growth in this industry is just how many different uses there are for this particular technology. This is just another in a series of reports that shows big-time growth for the M2M community.
Another report indicates that revenue from the market will hit the $85-billion mark by 2017.
According to Juniper, there are two main factors that are driving this fast growth. The first factor is the rapid adoption rates seen when it comes to consumer electronics with telematics. The other is an automotive industry that is playing a major part. More sophisticated APIs are playing a part in the growth while the cost of M2M modules is only shrinking.
This too will help the industry as a whole see unprecedented sales numbers.
Juniper feels that the auto industry is where the growth can really be seen the most. Anthony Cox, an associate analyst at Juniper Research and author of the report, “M2M & Embedded Strategies: Telematics, Smart CE, Meters and Buildings 2012-2017,” said in a recent statement, “The automotive market is potentially easier to address than other sectors as it contains fewer players.”
Cars these days are as high-tech as they have ever been. Higher driver efficiency and cost management applications are only going to continue to drive success when it comes to the M2M market. If the auto industry does indeed drive the M2M market to this kind of success, it will mean quite a bit of success for other markets as well. The cellular market in particular could see a huge amount of success as the increased use of higher tech means the need for more bandwidth in cellular networks.
More customers will in turn sign up for high level networks, bringing more money to the cellular market.
Edited by Braden Becker