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

  • Machine vision - cameras for intelligent traffic management
    January 25, 2012
    For some, machine vision is the coming technology. For others, it’s already here. Although it remains a relative newcomer to the ITS sector, its effects look set to be profound and far-reaching. Encapsulating in just a few short words the distinguishing features of complex technologies and their operating concepts can sometimes be difficult. Often, it is the most subtle of nuances which are both the most important and yet also the most easily lost. Happily, in the case of machine vision this isn’t the case:
    Read More
  • EV charging station market in the US has grown immensely
    July 27, 2012
    New analysis from Frost & Sullivan says that the electric vehicle (EV) charging station market in North America has grown immensely, helped along by favourable government level (federal, state and municipal) incentives and subsidies for the purchase of EVs. The government is extending these plans to the installation of charging station and funding programmes such as ECOtality's EV project, which is trying to install electric vehicle charging infrastructure in six major states.
    Read More
  • Safe-driver training reduces costs, increases safety
    February 3, 2012
    Hermes, one of Europe's leading home delivery specialists, and part of the Otto group's European logistics division, estimates that introducing a range of safe-driving measures in its UK operations have contributed to a US$1.5 million cost saving to the business in the 12 months to April 2010.
    Read More
  • Vehicle surveillance market accelerates
    March 29, 2016
    A recently-released report from MarketsandMarkets indicates that the global vehicle surveillance market is expected to grow from US$49.93 billion in 2015 to US$103.21 billion by 2022, at a CAGR of 11.1 per cent between 2016 and 2022. Factors such as regulations in different countries for compulsory driver assistance or passenger safety products, the wide range of advantages of in-vehicle surveillance systems, increasing sales of premium cars and the increase in traffic fatalities demand greater traffic c
    Read More

Highlighted Content