Machine to machine industry to explode in popularity in coming years

The enterprise is quickly recovering and M2M will be a dominant force in IT spending over the next few years.

Published Thu, Jan 9 2014 9:30 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

The machine to machine (M2M) industry will grow from a $45 billion market last year to an estimated $242 billion in 2022, according to the Strategy Analytics research group. The healthcare industry, consumer electronics, utilities and vehicles, and emergency all services will quickly control the M2M industry, with companies driving towards better efficiency. M2M helps enable data flow in both wired and wireless systems, with advanced frameworks available for industry specialists needing a customized service.

Machine to machine industry to explode in popularity in coming years | TweakTown.com

Healthcare, CE, Utilities and vehicles are areas that will see major revenue growth, through the driving out of inefficiency in existing processes as well as the creation of new service opportunities," said Andrew Brown, Strategy Analytics Executive Director of Enterprise and M2M research at Strategy Analytics, in a statement.

M2M is still in its infancy when compared to the tech market as a whole, but security, mobility, and cost containment are three major concerns. M2M operators need to carefully identify strategic partners and have an appropriate plan to reach newer customers unfamiliar with the benefits of M2M adoption.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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