IoT Service Revenues to Reach $20 Billion
Sophisticated cloud based APIs to address the increased complexities of the M2M industry
By: Yeshim Deniz
Feb. 6, 2014 08:00 PM
A new report from Juniper Research has forecast that Machine to Machine (M2M)) service revenues will reach $20 billion globally in 2015, as players across the M2M industry focus on simplifying the process of rolling out M2M for the end-user.
However, the report -- M2M & Embedded Strategies: Telematics, POS, mHealth, Metering & Buildings 2013-2018 -- observed that the monetization opportunities offered by M2M services differ significantly according to the industry to which it is being applied. Thus, while telematics is particularly positive, smart metering, despite high forecast numbers and regulatory drivers, is still struggling to find an avenue for revenue generation. However, in all sectors, service revenues will substantially exceed revenues from managing connectivity throughout the forecast period.
The report also argued that faster mobile broadband networks would impact on M2M use cases, noting that M2M service provision based on 4G LTE technology was beginning to find a market in CCTV, mobile POS (Point of Sale), digital signage and as a backup for fixed broadband services.
Specialist Players Defining Ecosystem
Further findings from the report include:
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
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