Platforms and managing Big Data all critical in the Internet of Things
Boston, MA - February
- M2M and the Internet of Things (IoT) is the
hot topic for 2013 and a key area of investment in the wireless ecosystem. One
of the key reasons is that connecting machines, objects or “things” represents
a growing market opportunity for new devices, solutions and services beyond
traditional voice and data.
The market outlook for M2M in 2013
appears positive but there are also going to be a number of challenges that
must be overcome which are outlined in the Strategy Analytics M2M Strategies
report, “The Top 10 Trends that will define the M2M Market in
2013”, such as:
How to cost effectively manage and process big
data from M2M communications and action that information in order to achieve
How will security of M2M be managed going forwards?
Are current safeguards sufficient?
What should the industry do about 2G GSM switch
off? Is an alternative bearer the answer?
Will anyone wait for M2M standards or will
vendors just go it alone?
With new devices and services reaching Machine-to-Person and
Person-to-Machine areas, such as consumer electronics and mHealth, M2M represents
a sizeable opportunity, potentially reaching 2.5 billion connections by 2020.
M2M opportunities abound in connected consumer devices, smart metering,
automation, mHealth devices, maintenance and vehicles.
“Developments in the M2M space have progressed
significantly; connectivity has become table stakes, partnerships are rife and
mergers and acquisitions continue to see large players take an increasing share
of the value stack, which speeds deployment for customers and reduces
complexity and cost.” said Andrew Brown, Director of Enterprise Research and
author of the report. “There are clearly still major challenges, such as
standardization, the 2G sunset and security in a decentralized IoT (Internet of
Things) model, but the outlook is very promising”, he added.