Telecom Lead India: Cellular M2M connections will grow
from 277 million in 2012 to 2.5 billion by 2020.
Factors including global connectivity platforms, efforts
at standardization, cloud computing and regulatory initiatives will enable the
sector to grow at 30 percent CAGR between now and 2020.
mHealth is a key driver in the world’s developed and
developing regions, through growth in both dedicated devices and mobile
handsets. Smart metering and telematics are gaining traction in markets such as
China, where the Internet of Things has been highlighted as a key technology initiative.
M2M will also play a key role in smart cities, as
increasing urbanization sees major updates to infrastructure, providing a
significant lift to smart energy, transportation and automation among others.
Andrew Brown, director of M2M research at Strategy
Analytics and author of the study, said carrier’s development of global
connectivity platforms, efforts to standardize the M2M service layer, such as
the M2M initiative, and government regulation, will all help to realize the
potential of the M2M market.
Whether monitoring patients or smart meters, the ubiquity
of mobile data combined with M2M service capabilities is enabling real world
changes that help us more effectively distribute resources, as well as
proactively understand the world around us.