Visiongain, an independent media company in Europe, shared findings from its 'Machine-to-Machine (M2M) Market 2014-2019: Telemetry, Telematics & Connected Smart Devices' report, saying that M2M connections will hit 257.8 million by the end of this year, making up 3.3% of all wireless connections worldwide.
According to Visiongain, the number of connected 'things' will soon outnumber people, and M2M connectivity, as the backbone of the Internet-of-Things (IoT) network will become a key feature across many industry verticals, which have already started adopting M2M technologies to cut costs, improve efficiencies and enhance service delivery. The growth in the M2M market is poised to spin off new businesses while adding and enhancing revenue streams for various players in the segment including the MNOs, applications providers, module and device vendors, service managers, and systems integrators, added Visiongain.
Visiongain's report, among others, analyses the M2M market across its key adoption areas, its growth and major industry revenue streams and also covers the leading companies and their offerings in the segment.
