What is Machine-to-Machine (M2M)
Machine-to-machine (M2M), also known as the Internet-of-Things (IoT), allows communication between multiple machines using mobile wireless technology.
It is the transfer of data between a remote device and a back-end system. This data is then analysed, processed and remotely monitored and managed.
Massive growth is forecasted for cellular M2M, driven by industrial applications such as Industrial Monitoring, Fleet Management, Security, Smart Metering and Environmental Monitoring. Machina Research recently released a detailed report of the M2M market space. Some key data points in that report include:
- Deployed M2M devices will grow to 12 billion in 2020.
- M2M devices will outnumber traditionally connected devices by 2020.
- Of the 12 billion M2M devices in 2020, 2.3 billion will connect with cellular networking.
Similar research performed by other analyst firms supports these predictions, and forecasts the classic hockey stick growth curve, as you can see in Fig. 1.
Source: Analysys Mason (Figure 1)