Asia to take the lead in M2M

Enterprise Innovation editors
04 Feb 2015
00:00

With the Internet of Things (IoT) exploding for both enterprises and consumers, the machine-to-machine (M2M) market has seen strong growth in 2014.

In Asia Pacific alone, about 27% of companies have adopted M2M solutions, according to Vodafone's latest M2M Barometer report.

Taking into account of the environmental forces, maturing solutions, decreasing costs and increased demand, Vodafone lists the following predictions for 2015 and how they will impact the Asian market.

First, the big data potential of M2M will be fully realized. Today, 75% of M2M adopters say they are using analytics; 88% expect to do so in three years’ time.

Organizations are now including big data as an inherent part of their M2M strategies. However, enterprises will need to invest in specialists with big data skills, as well as address the privacy and security risks associated with storing large amounts of data.

Second, 4G will improve ROI for many M2M solutions, enable new ones. Companies today use a wide range of technologies to connect their M2M solutions, including fixed-line (63%), cellular (60%) and Wi-Fi (56%).

These next-generation networks, including 4G, will make new kinds of applications practical and cost-effective across industries, ranging from video-based security, in-vehicle information services, assisted living to m-health solutions, and much more.

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