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Connected management mega-trend drives the global wireless M2M market
Gothenburg, Sweden – August 18, 2014:
According to a new research report from the analyst firm Berg Insight,
the global number of mobile network connections used for wireless
machine-to-machine (M2M) communication will increase by 21.0 percent in
2014 to reach 213.9 million at the year-end. East Asia, Western Europe
and North America are the main regional markets, accounting for around
75 percent of the installed base. In the next five years, the global
number of wireless M2M connections is forecasted to grow at a compound
annual growth rate (CAGR) of 22.9 percent to reach 599.7 million in
The mega-trend driving technology adoption in Europe and North America is what Berg Insight calls the concept of connected management. “The IT-revolution has created new opportunities to collect and analyse data for the purpose of managing objects and behaviours”, said Tobias Ryberg, Senior Analyst, Berg Insight. “Connected management is based on the connection of remote devices to applications for the purpose of managing assets & products, costs & revenues, relationships & behaviour etcetera”.
Connected cars is a typical area where connected management is applied, as the automobile manufacturers develop solutions enabling themselves and the driver to manage the vehicle and the driving experience through a range of applications. Connected fleets is the underlying trend for most other vehicle-based applications that enable fleet operators and external stakeholders such as governments, insurance companies and financial service providers to manage vehicles, operations, risks and revenues associated to the vehicle such as taxes and insurance premiums. The connected enterprise is emerging as a blueprint for corporate management, based on the vision that every asset and product should be directly linked to the enterprise network, feeding data in real-time to relevant IT-systems.
Download report brochure: The Global Wireless M2M Market
About Berg Insight
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. In addition to M2M/IoT, we are also active within Location-Based Services, mobile Value-Added Services and Next Generation Technologies. We have provided analytical services to 700 clients in 69 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
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