Machine to Machine (M2M)) service revenues will reach $20 billion in 2015 due to dip in the price of equipments, said Juniper Research.
The research report on M2M market noted that players across the M2M industry will focus on simplifying the process of rolling out M2M for the end-user.
The monetisation opportunities offered by M2M services differ significantly according to the industry to which it is being applied.
While telematics is positive, smart metering, despite high forecast numbers and regulatory drivers, is still struggling to find an avenue for revenue generation.
In all sectors, service revenues will substantially exceed revenues from managing connectivity throughout the forecast period.
Faster mobile broadband networks would impact on M2M use cases. M2M service provision based on 4G LTE was beginning to find a market in CCTV, mobile POS (Point of Sale), digital signage and as a backup for fixed broadband services.
Operators are increasingly deploying sophisticated cloud based APIs (application programming interfaces) to address the increased complexities of the M2M industry. M2M specialist players are the primary creators of the ecosystems behind M2M deployments.
Lower chipset prices will spur the use of mobile technologies for the Internet of Things. Telematics remains the anchor M2M industry sector as virtually all major vehicle manufacturers are now deploying, or planning to deploy, M2M modules in new vehicles. The installed base of cellular M2M devices will approach 500 million modules by 2018, driven primarily by Telematics and in-vehicle applications.