Tuesday, May 21, 2024
MediaXO.1100x220
MT2.1100x220
CFM1100x220
DigitalSelect1100x220

    Connected cars to represent 20% of the global car market by 2019 driving M2M, predicts Juniper Research

    Leading hi-tech analysts Juniper Research are forecasting that the telematics sector will continue to outperform all other M2M markets over the next five years, in revenue terms, with one in five passenger vehicles connected globally by 2019.

    Smartphone-based models have become the key disruptor for M2M, as sectors such as healthcare, consumer electronics and retail continue to evolve. Juniper Research forecasts that the M2M sector will generate service revenues of over $40 billion globally by 2019 – doubling the size of today’s market.

    The new research, M2M & Embedded Devices: Strategic Analysis & Vertical Market Forecasts 2015-2019, observed that the roll-out of smart metering initiatives will see rapid up-take over the next six years, driven in part by governments’ ambitions to increase efficiency. According to research author Anthony Cox, “Both India and China are expected to see rapid adoption of smart metering as new metering infrastructure is installed and smart cities are created.”

    The utility sector however is not expected to generate similar revenues to that of the connected automotive sector.

    Agriculture and environmental applications are starting to emerge as important new sectors in the M2M market, with applications as diverse as wild-life and farm animal monitoring, and increasing productivity through precise field mapping. M&&A is also beginning to bring together some of the industry’s most powerful players, such as the merger of KORE Telematics and Raco Wireless, and the acquisition by Huawei of the M2M technology start-up Neul.

    The report also finds that the US remains the leading geographical region for M2M, ahead of Western Europe. China is becoming increasingly important as initiatives by the Country’s major carriers begin to take shape. Implementation of Big Data analytics will play an increasingly important role, particularly in areas such as telematics, smart metering and healthcare.

    Related Articles

    Subscribe to our newsletter

    To be updated with all the latest news, offers and special announcements.

    MobileArts600x500
    24 Seven 600x500
    SeriouslyFresh 600x500
    Evina 900x750
    WT51%