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

  • Smart Insights: ‘TEE will increasingly displace other security solutions’
    October 28, 2014
    Software- or hardware-only mobile security solutions will increasingly be displaced by TEE (Trusted Execution Environment), according to new research. TEE is essentially a secure area that resides in a mobile device baseband processor and provides security against software attacks.
    Read More
  • Making connections without compromising security
    November 10, 2017
    We listen in as global experts discuss connected vehicles and cybersecurity. By 2019 there will be almost 44 million connected cars globally and by 2022 that figure will be nearer 70 million; some 40% will be electric powered, according to market analyst Frost & Sullivan. But its report said the issue of end-to-end security for the new technology is still under debate, as vehicle OEMs engage with vendors to test specific security application areas for both over-the-air and vehicle-to-exterior services.
    Read More
  • Developments in travel information display systems
    August 1, 2012
    David Crawford looks at recent developments in travel information display systems. It is important to remember that we are investing in Real-Time Passenger Information [RTPI] to increase ridership," says Robert Burke, Managing Director of New Zealand transit tracking technology specialist Connexionz, which has been involved in at-stop and remote passenger information since 1995. "Superior information improves the perception of public transport reliability and gives the passenger more choices and greater con
    Read More
  • Rating agency Standard and Poor Tolling sees a bright future for tolling
    September 6, 2017
    Few disruptions appear on the horizon for global toll road operators, with the US poised to become a better bet for major investment, according to ratings agency Standard and Poor’s (S&P’s) Global Ratings’ 2017 report, which rates toll road operators according to their ability to raise capital. The outlook is generally stable for business conditions and credit quality for toll roads worldwide. One positive exception is the US where the overall outlook is ‘positive’ as S&P expects traffic growth to increase
    Read More

Highlighted Content