Earlier this week, a well-known industry analyst firm covering the machine-to-machine (M2M) communications/Internet-of-Things (IoT) marketplace, Beecham Research, released key findings from its latest research.
Titled “Designing an M2M Platform for the Connected World,” this research has been commissioned by Oracle and covers investigating solution requirements across the M2M value chain worldwide over the next few years.
For strategic purposes and value creation throughout the enterprise, the research found that M2M data from remotely located assets and devices in the field is increasingly being used. While providing a competitive advantage for enterprise users in their own key markets, it has also become a means for creating new market opportunities.
The research is based on a qualitative survey involving in-depth interviews with prominent M2M solution providers in North America, Europe and Asia Pacific regions, each providing their expert views on M2M solution requirements and trends across their customer base and live projects.
In addition, the report identifies security and IT integration as the top two priorities for implementation of new M2M applications and reveals a significant shift in M2M market drivers.
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“Cheaper, more powerful devices and low cost mobile network connectivity are driving an explosion in the number of connected devices and data generated by them,” said Chris Baker, senior vice president ISV, OEM and Java Sales, Oracle Alliances & Channels.
He added that this research shows a shift in focus toward extracting value from that data and capitalizing on new business models which are enabled by the pervasion of connected devices. For M2M solutions to move forward, Beecham’s insightful analysis clearly identifies key areas where Oracle’s end-to-end M2M platform offers significant advantages.
Robin Duke-Woolley, founder and CEO at Beecham Research, concluded that in the rapidly developing M2M market, this research has identified two clear underlying trends. And the M2M/IoT market is just changing into a higher gear.
Edited by Braden Becker