Machine to machine (M2M) solutions play a big role in our world becoming more connected day by day. More organizations are realizing the benefits of an Internet of Things (IoT) and M2M solutions, and different research points to the rapid growth of this technology. Here are the top machine to machine solutions stories this week.
Some of that research includes a report from Analysys (News - Alert) Mason, which predicts the M2M market to reach $88 billion by 2023, up from about $10 billion today. Small and medium-sized businesses will increasingly get involved in what currently is mostly a technology for larger firms. Excluding connections in the utilities sector, smaller firm M2M connections will increase from 14.6 percent of total connections in 2013 to 24.6 percent in 2023. This represents a compound annual growth rate (CAGR) of roughly 33 percent.
Another report from Berg Insight shows that consumer M2M devices are expected to reach 13.8 million by 2017, up from 5.3 million in 2012, growing at a CAGR of 21.1 percent in the next five years. Berg Insight notes that embedded cellular connectivity is ideal for emerging device categories such as personal tracking and wearable technology as these will grow in the coming years.
Gemalto’s (News - Alert) Cinterion Concept Board is set to help expand the possibilities of the IoT by speeding up the creation of innovative solutions in areas such as digital signage, building applications and remote monitoring and control devices.
"Our Cinterion (News - Alert) Concept Board is the easiest and most cost-effective way for anyone with an interest in M2M and the IoT to create solutions, like remotely controlling the temperature of your home thermostat, helping to save energy and money," said Axel Hansmann, vice president of M2M Strategy and Marketing at Gemalto. "With the Cinterion Concept Board, we are tapping the creativity of Java developers, enabling them to invent cool applications that can then enhance the IoT."
Also this week, Vilant Systems introduced the Vilant Tracker, a new type of monitoring device and service management for international logistics flows. It’s the only GSM-based tracking device that has been given a safety certificate for airfreight tracking compatibility by the European Aviation Safety Agency.
With the help of Vilant Tracker, companies are able to build a global tracking network quickly and without the need for infrastructure investment. The device also allows companies to offer actual route data on their customer deliveries, gain visibility to their expensive or express shipments, as well as, project deliveries.
Stay tuned each week to the machine to machine solutions community for the latest industry news, reports, resources and trends, and to keep up with how M2M will help transform our lives. Have a great weekend.