Global spending on machine-to-machine (M2M) and Internet of Things (IoT) technologies will reach nearly $250 billion by 2020, driven by vertical market applications such as connected car services, remote asset tracking, healthcare monitoring, smart metering, digital signage, home automation and intelligent buildings, according to a report from SNS Research.

The installed base of M2M connections will grow at a compound annual growth rate (CAGR) of nearly 30% between 2015 and 2020, eventually accounting for more than 10 billion connections worldwide, the report says.

The study estimates that multimedia and video applications will account for more than 20% of the revenue generated by M2M and IoT services by 2020.

By enabling network connectivity among physical objects, M2M has helped initiate IoT, a global network of sensors, equipment, appliances, smart devices and applications that can communicate in real time, the report says.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access