Mobile network connections used for machine-to-machine (M2M) communications will grow by 21 percent this year, reaching almost 214 million by the end of December.
So says the team at Berg Insight, which name Asia, Western Europe and North America as the biggest markets, accounting for around 75 percent of the installed base. In the next five years, the global number of wireless M2M connections is forecast to grow at a compound annual growth rate (CAGR) of nearly 23 percent — to reach just shy of 600 million in 2019.
Berg says “connected management” is what’s driving M2M technology adoption in Europe and North America.
“The IT revolution has created new opportunities to collect and analyze data for the purpose of managing objects and behaviors,” said Tobias Ryberg, senior analyst, Berg Insight. “Connected management is based on the connection of remote devices to applications for the purpose of managing assets & products, costs and revenues, relationships and behaviour, etc.”
One area where connected management is applied is in connected cars, as auto manufacturers develop solutions enabling themselves and the driver to manage the vehicle and the driving experience through a range of applications. Connected fleets is the underlying trend for most other vehicle-based applications that enable 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, Berg said.
Berg further noted that the connected enterprise is emerging as a blueprint for corporate management, based on the vision that every asset and product should be directly linked to the enterprise network, feeding data in real-time to relevant IT-systems.
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July 17 2019 @ 15:55:13 UTC