Menu

M2M FEATURE NEWS

Research Predicts a 90 Percent CAGR of LTE Powered M2M Connections Market Through 2020

By Matt Paulson August 14, 2014

The excitement is building for the upcoming 'Internet of Things,' which dangles the tantalizing image of a world where devices wirelessly communicate with one another to achieve complicated synchronized tasks. While this technology could be used for everything from proximity-activated light and heating systems to entirely automated traffic grids, the M2M market is still in it's infancy. However, according to a recent research report conducted by ReportsnReports.com, the industry is rapidly growing up with an expected 90 percent Compound Annual Growth Rate (CAGR) through the year 2020.

Such a high growth rate means that every year until 2020, the size of the market is expected to almost double in value every single year. According to the report, the wireless M2M market will be worth almost $196 billion at that point.

One reason the growth of M2M is expected to be so explosive is the simple fact that more devices allow for the control of more complex systems. Having enough M2M sensors to operate a smart home means that a user could have devices that adjust room temperature and lighting according to certain users' preferences by identifying their smartphone or wearable as it travels through the rooms. Enough M2M sensors to power a whole city has a far greater list of possibilities for automation and detection, and as more devices become available more of these uses will be discovered.

LTE networks are also expected to play a large role, as a vast array of M2M services will still utilize 2G and 3G networks despite their age. By 2020, the number of LTE powered M2M connections is expected to climb to nearly 210 million. Currently, these connections are already used in bandwidth-intensive situations like video surveillance and Wi-Fi tethering, meaning that they are likely to remain strong enough for the rest of this decade.

Evidence of the proliferation of M2M was at the forefront during this week’s M2M Evolution conference collocated with ITEXPO in Las Vegas.

During a keynote address at the event, AT&T’s VP of advanced mobility solutions, Mike Troiano said that while IoT and M2M will certainly transform the way businesses operate, it’s the business’ internal model that really defines excellence.

The show also included a special M2M Battle of the Platforms event that gave companies a chance to battle it out for the audience and showcase the cutting edge platforms that help manage and deliver M2M solutions. 



Edited by Maurice Nagle

IoTevolutionworld Contributing Writer

SHARE THIS ARTICLE
Related Articles

ON Semiconductor Introduces Compact Low Power Sigfox Solution

By: Ken Briodagh    9/25/2017

ON Semiconductor Sigfox RC1 verified SiP provides turnkey RF solution with module-like functionality in an IC form factor for device-to-cloud communic…

Read More

Cambium Networks Announces New Cnpilot E502s Outdoor Wi-Fi Access Point

By: Ken Briodagh    9/22/2017

New Cambuim 30-degree Wi-Fi outdoor sector coverage supports narrow areas or high-capacity cluster deployments

Read More

Mocana Verifies Integration with IoT Platforms

By: Paula Bernier    9/21/2017

Connected device security company Mocana has verified integration with AWS, Azure & VMware IoT platforms.

Read More

Finnish WIVE Project Uses 5G for Automated Transport, Smart Grid and More

By: Ken Briodagh    9/18/2017

According to a recent announcement, an industry group led by Nokia Bell Labs and including several academics in Finland has established a collaboratio…

Read More

SMIC, Brite Semiconductor and Synopsys Collaborate on Low Power Platform for IoT

By: Ken Briodagh    9/18/2017

New IoT platform includes Synopsys' DesignWare ARC Data Fusion IP Subsystem and interface IP and SMIC's 55ULP process, and is implemented by Brite's e…

Read More