BLOOMINGTON, Minn.--Verizon Wireless unveiled a new retail concept meant to highlight connected devices on its LTE network, part of a broader national retail effort to educate consumers about LTE devices beyond smartphones, tablets and hotspots.
The opportunity in M2M is that it is now embarking on a path similar to that taken by smartphones, tablets and laptops in the enterprise. As the process of deploying these traditional devices have played out in the past few years, conversations are moving towards M2M. Enterprise education on the benefits, realities and possibilities of M2M will thus be critical in the years ahead.
The Internet of Things will evolve through a combination of wireless protocols, embedded operating systems and companies that bring the various pieces of the puzzle together. How will developers take advantage of this explosion in connectivity, and create apps that leverage user data? Special report
The so-called "Internet of Things" is a market that is still developing, both from a technological perspective and in terms of business models. However, its growth has spurred the U.S. Federal Trade Commission to consider how best to regulate the industry.
Analyzing M2M data is a growing market segment that ABI Research predicts will climb 53 percent in the next five years--from $1.9 billion to $14.3 billion by 2018.
An increase in smart meter deployments will see the global market for wireless communication modules approximately double in value over the coming years, jumping from $532 million (€393 million) in 2012 to $1.3 billion (€961 million) in 2020, at a CAGR of 12 per cent, according to a new report from research and consulting firm GlobalData.
All of the discussion around Big Data in M2M misses the point. The two are inseparable. Without data management there is no value in M2M applications. The conclusion is that the value of M2M lies predominantly in the management and analysis of data and those companies hoping to generate serious revenue from M2M will need a Big Data strategy.
Sierra Wireless inked a deal with AnyData to acquire substantially all of the assets of AnyData's M2M embedded module and modem business. According to a Sierra Wireless presentation, the deal is worth $5.9 million.
AT&T and General Electric struck a deal that will allow GE's machines connect to AT&T's wireless and cloud networks for GE's "Industrial Internet," its term for the Internet of Things. The deal with AT&T is part of a larger effort by GE to connect more of its machines to the Internet and make them more efficient.
Executives from wireless carriers have repeatedly said over the last few years that the connected car represents a massive new opportunity. AT&T CEO Randall Stephenson has been particularly vocal about the possibilities: "The way we think about the car is that it's just a big smartphone on wheels," Stephenson said earlier this year at Mobile World Congress. "The connected car will become just as routine as people carrying a smartphone."