Machine to machine (M2) connections will be the catalyst for over $35 billion of service revenues across a diverse range of industry sectors by the end of 2016, showed a new report by Juniper Research.
Sectors identified by the report as having particular potential included: consumer and commercial telematics; smart metering; point of sale; retail; banking; mobile health monitoring; smart buildings and security.
“Industries are at different stages of development when it comes to M2M,” said Anthony Cox of Juniper Research. “Commercial automotive telematics are driven by the requirement for fuel efficiency which engine management systems can deliver,” says Cox, noting that in-car entertainment systems and infotainment will support telematics growth in the consumer vehicle market.
Other areas, such as remote monitoring in the healthcare sector, will take longer to develop but also hold significant promise in the long term, finds the report.