IoT And M2M Market Worth 498.92 Billion By 2019

Date: 3/31/2014

The Internet of Things (IoT) and Machine-to-Machine (M2M) Market is expected to grow from $128.7 Billion in 2014 to $498.92 Billion in 2019, at an estimated CAGR of 24.42% from 2014 to 2019

Internet of Things (IoT) & Machine-To-Machine (M2M) Communication Market by Technologies & Platforms (RFID, Sensor Nodes, Gateways, Cloud Management, NFC, CEP, SCADA, ZigBee), M2M Connections, IoT Components

  • By: marketsandmarkets.com
  • Publishing Date: March 2014
  • Report Code: TC 2351

The Internet of Things (IoT) and Machine-to-Machine communication describes how the Internet will get bigger as sensors and intelligence are connected to physical things like physical assets or consumer devices and these things are connected to the Internet. The vision and model have existed for years but there has been acceleration in the number and types of things that are being connected and in the technologies for collecting, processing, and sharing. It also explores some of the key applications for IoT & M2M Communication, including retail, transportation, energy & power, telecom & IT, Industrial & commercial buildings, and mobile location-based services.

The IoT infrastructure allows combinations of smart things/objects, sensor network technologies. People using diverse and interoperable communication protocols realizes that a dynamic heterogeneous/multimodal network can be deployed in remote or unreachable spaces (such as, mines, oil platforms, forests, pipes, and tunnels) or in cases of emergencies such as earthquakes, floods, fire, radiation areas, etc. In IoT infrastructure, these “things or objects” will realize and explore each other and learn to take advantage of each other’s data by sharing resources and dramatically enhancing scope and dependability of the resulting services.

M2M communication will be focused more on the terminals and data centers (e.g. cloud computing and home data centers) than the nodes as in current networks. Expansion of storage capacity at lower costs will result in the local accessibility of most information required by people or things/objects. This can be coupled with improved processing capabilities and always-on connectivity; will make terminals increase its main role in communications.

IoT & M2M communication will bring physical business benefits like high-resolution management of resources and products, better collaboration between enterprises, and improved life-cycle management; many of these benefits are achieved via exclusive identification for individual things/objects together enabling each to cooperate independently, by building up an individual life history by cooperation and activities over time. Among the industry verticals, public safety and security, and retail accounts with maximum share, followed by consumer and residential, and IT & telecom. IoT & M2M communication market is segmented based on regions such as North America (NA), Latin America (LA), Europe, Asia Pacific (APAC), and Middle East and Africa (MEA). IoT & M2M communication market forecast is provided for each region from 2014 to 2019. The IoT & M2M communication market report profiles leading companies such as Alcatel-Lucent S.A., AT&T, Inc., IBM Corporation., Qualcomm, Cisco Systems, Inc., Huawei Technologies Co. Ltd., NXP Semiconductors NV, Google, Intel, and Gemalto.

Markets Covered

The IoT and M2M communication research report outlines the key trends and market sizing and forecasting for emerging technologies in the IoT and M2M sector. The report also emphasizes key global adoption trends, future growth potential submarkets, key drivers, competitive outlook, restraints, opportunities, and IoT and M2M communications competitive landscape. Some of the potential and emerging technologies and solutions for IoT and M2M communication include radio frequency identification (RFID), information & discovery service (IDS), cloud management, gateways, near field communication (NFC), supervisory control and data acquisition (SCADA), and zigbee. The adoption of advanced communication technologies in the entire value chain of IoT and M2M sector plays a great role in achieving the operational and efficiency targets set by IoT and M2M companies. The global IoT and M2M communications market is estimated to grow from $128.7 billion in 2014 to $498.92 billion in 2019, at a compound annual growth rate (CAGR) of 24.42% during the forecast period of 2014-2019.

Browse 105 market Data Tables and 41 Figures spread through 224 Pages and in-depth TOC on "Internet of Things (IoT) and Machine-to-Machine (M2M) Communication Market". http://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html

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