Connected management mega-trend drives the global wireless M2M market

According to a new research report from the analyst firm Berg Insight, the number of global mobile network connections used for wireless machine-to-machine (M2M) communication will increase by 21 per cent in 2014 to reach 213.9 million at the year-end. East Asia, Western Europe and North America are the main regional markets, accounting for around 75 per cent of the installed base. In the next five years, the global number of wireless M2M connections is forecasted to grow at a compound annual growth rate
August 21, 2014 Read time: 2 mins

According to a new research report from the analyst firm 3849 Berg Insight, the number of global mobile network connections used for wireless machine-to-machine (M2M) communication will increase by 21 per cent in 2014 to reach 213.9 million at the year-end.

East Asia, Western Europe and North America are the main regional markets, accounting for around 75 per cent of the installed base. In the next five years, the global number of wireless M2M connections is forecasted to grow at a compound annual growth rate (CAGR) of 22.9 percent to reach 599.7 million in 2019.
 
The mega-trend driving technology adoption in Europe and North America is what Berg Insight calls the concept of connected management. “The IT revolution has created new opportunities to collect and analyse data for the purpose of managing objects and behaviours”, said Tobias Ryberg, senior analyst, Berg Insight. “Connected management is based on the connection of remote devices to applications for the purpose of managing assets and products, costs and revenues, relationships and behaviour etc.”
 
Connected cars are a typical area where connected management is applied, as the automobile manufacturers develop solutions enabling themselves and the driver to manage the vehicle and the driving experience through a range of applications. Connected fleets is the underlying trend for most other vehicle-based applications that enable fleet operators and external stakeholders such as governments, insurance companies and financial service providers to manage vehicles, operations, risks and revenues associated to the vehicle such as taxes and insurance premiums. The connected enterprise is emerging as a blueprint for corporate management, based on the vision that every asset and product should be directly linked to the enterprise network, feeding data in real-time to relevant IT systems.

Networking & Communication Systems Location Based Systems

For more information on companies in this article

Related Content

  • Investment by players in global IoT in intelligent transportation systems drives growth, finds TMR
    September 11, 2017
    Some of the major players in the global market for internet of things (IoT) in intelligent transportation systems are investing heavily in developing solutions, according to Transparency Market Research. As a result, it predicts that the market for IoT in intelligent transportation systems will rise at a 19.8 per cent CAGR during the period between 2017 and 2025. At this pace, the market is likely to attain a value of US$249.84 billion by the end of 2025 from US$41.57 billion in 2015.
    Read More
  • Fifty per cent of consumer cars to have telematics devices by 2022
    June 23, 2017
    A new report from Juniper Research has revealed that, by 2022, 50 per cent of consumer vehicles on the road will have at least one connectivity service, such as telematics, V2X (vehicle-to-everything) communications, or connected car commerce services.
    Read More
  • Hybrid and EVs growth impact on traction motors predicted by Frost & Sullivan
    May 17, 2012
    Electrification in vehicles is a key trend in the automotive industry. The increase in electric components within vehicles is boosting the market for traction motors and Frost & Sullivan says it anticipates the European traction motor market to grow at a compound annual growth rate (CAGR) of 50 per cent for hybrid electric vehicles (HEVs) and electric vehicles (EVs). Permanent magnet motors are expected to dominate the market by virtue of their performance and efficiency. However, the growing concern over t
    Read More
  • 89 million insurance telematics subscribers by 2017
    March 13, 2012
    According to new research by ABI Research, insurance telematics users will grow at a CAGR of 90 per cent from 1.85 million in 2010 to 89 million in 2017.
    Read More

Highlighted Content