Menu

M2M FEATURE NEWS

M2M Market Looking to Value Added Services to Increase Revenue

By Oliver VanDervoort October 08, 2012

The machine-to-machine market (M2M) is one of the fastest growing tech businesses in the world and is expected to be able to top $31 billion by the end of 2016, according to industry insider ABI Research. One of the many reasons why M2M revenue is looking to increase quite quickly over next few years is the way the industry has managed to adapt to what its users need. What is really going to drive the industry going forward is value added services for things such as applicationdevelopment and systems integrations.

M2M practice director, Dan Shey recently talkedabout how the industry is changing the focus of their goals. “No one size fits all. Operator choices to capture the burgeoning M2M services market will be dependent not only on the value of their assets and VAS platforms, but also their partnerships and target market verticals.”

Companies that are focusing on M2M technologies need to figure out what potential customers are looking for and deliver those devices and technology in areas that are going to see great growth. One of the ways that the market is taking full advantage of its capabilities is when it comes to mobile alert systems for security programs. 

ABI Research seems to believe that the way companies will make real money is to adjust the way they approach their contracts. A company that has versatility is going to have more success when it comes to the emerging market than one that has locked themselves into one direction. 

Companies that understand that Value Added Services (VAS) can actually bring them a boon in several different areas and will also be able to adapt their approach quicker. The number of different applications and solutions that are being created for VAS companies is only going to be increasing as revenue increase. The M2M market is set to explode and companies that utilize VAS will be at the top of the heap.




Edited by Brooke Neuman

Contributing Writer

SHARE THIS ARTICLE
Related Articles

Augury Unveils OEM Partnership Program for Industrial IoT

By: Ken Briodagh    9/28/2016

Augury, an Industrial Internet of Things technology company, has announced a new partnership program designed to deliver connected, self-diagnosing pr…

Read More

Splunk Incorporates Machine Learning Into New Releases

By: Ken Briodagh    9/27/2016

Splunk, provider of an Operation Intelligence software platform, recently announced new versions of its Splunk Enterprise, Splunk IT Service Intellige…

Read More

Pervasive Intelligence: IoT Human-to-Machine and M2M Interaction Challenges

By: Special Guest    9/27/2016

Current trends point to the emergence of a fantastic future in less than a decade.

Read More

Trimble Launches LoRa Water Sensors

By: Ken Briodagh    9/26/2016

Trimble recently introduced the new Telog 41 Series of wireless, battery-powered sensors for IoT water monitoring applications, using LoRa to remotely…

Read More

Cellular M2M Terminal Shipments to Reach 5.7 Million in 2020, Study Says

By: Ken Briodagh    9/26/2016

According to a new research report from M2M/IoT analyst firm Berg Insight, the number of shipped cellular M2M terminals were 2.7 million worldwide dur…

Read More