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The Top 10 Trends that will Define the M2M Market in 2013
M2M or 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. With voice revenue slowing and data usage outstripping revenue, connecting objects represent a way to genuinely transform existing business processes by making them more efficient as well as creating solutions to problems and developing new service opportunities. The M2M market still has a way to go. Trends such as consolidation among various players in the M2M value chain and standardization will all be key in driving the market forwards, along with a growth in cloud computing and developer engagement for M2M applications. In order to grow from hundreds of millions, to billions of connections, certain developments and changes need to occur in the M2M industry. This document represents Strategy Analytics’ annual assessment of the key trends for the M2M market in 2013.