A report from Strategy Analytics forecast that regulatory compliance will contribute to driving the global mobile machine to machine (M2M) market to reach $57 billion by 2014. This is up from its current status of under $16 billion in 2008.
The report entitled, A Brave New World in Mobile Machine to Machine (M2M) Communications, identifies five key barriers to scaling the global M2M market, and analyzes the positions and evolution of key industry stakeholders, as the M2M market broadens across major application groups, including: Lack of a low cost local access media that can be implemented on a global basis; The fragmented nature of both the technology vendors and the solutions they provide; Lack of any single killer application that can consolidate the market and drive demand forward; The complex nature of M2M solutions increases associated development and integration costs; Management’s inability to express the benefits of M2M in anything other than cost savings, rather than exploiting and encouraging the service enablement capacity of mobile M2M. For more information, please access this website.
