Nokia's Here unit took another step towards defining common specifications for processing information from automotive sensors through the cloud by hosting a forum comprising 16 auto industry companies.
According to a recent IDC study of Saudi Arabia, South Africa, Turkey and the UAE, spending on IoT solutions among retailers will grow by an average of around 19 per cent annually for the foreseeable future.
Deutsche Telekom, Orange, Telefonica, Telecom Italia and Telenor are among 26 companies backing a new GSMA project that aims to accelerate the launch of mobile Internet of Things (IoT) technology.
IHS predicted that shipments of utility meters with two-way communication capabilities will hit 132 million units in 2015, and grow to 150 million in 2019.
Berg Insight predicted that the number of machine-to-machine (M2M) devices featuring cellular or satellite connectivity deployed by the oil and gas industry worldwide will grow from 0.5 million at the end of 2014 to 1.25 million units by 2019
Frost & Sullivan predicted that wearable devices will become a mass market proposition as improvements are made in design and battery life, and new usage cases are found in the field of remote healthcare.
The number of smart connected homes will grow from between 100 million and 200 million homes today to between 500 million and 700 million homes by 2020, Gartner predicted.
The Internet of Things (IoT) market in Central and Eastern Europe, the Middle East, and Africa (CEMA) is expected to expand 22 per cent in 2015 year on year, reaching $14 billion (€12.8 billion) in total value.
Nokia's agreement to sell its HERE navigation business to a consortium of German car makers could prove a boon for the mobile industry, analysts at IHS Automotive said.
New data from Juniper Research has revealed that the number of connected devices will increase by more over 285 per cent to 38.5 billion in 2020.