The global market for machine-to-machine (M2M) device connections will grow from 62 million devices in 2010 to 2.1 billion devices in 2020, according to a new report from Analysys Mason (London, UK). With a year-on-year growth rate of between 36 percent and 52 percent. M2M is predicted to be one of the fastest growing wireless connectivity sectors in the next decade.
Wireless M2M Sensors
Some of the biggest enterprise M2M markets are the following:
energy and utilities
security and surveillance
health care and acute disease tracking
in vehicle GPS and entertainment systems
It doesn't take a rocket scientist to know that the above-listed markets are huge! M2M is another category of enterprise mobility that takes advantage of mobile technologies and miniaturized sensors and monitoring equipment to send and receive data wirelessly to and from a centralized server. On the server is management software that allows the human to understand what is going on in remote locations.
The growth in the M2M market must also be accompanied by advances in EAM (enterprise asset management) solutions so the data can be viewed and used effectively. In addition to EAM solutions, business intelligence solutions need to be developed to interpret vast quantities of data in real time to make the data usable.
I have shared this story before on this blog, but I believe it is worth repeating. The oil rig that exploded, burned and sank this summer in the Gulf of Mexico causing a huge oil spill had hundreds of M2M sensors on it. The problem was that the huge amounts of real time data was not interpreted in real time to provide actionable intelligence. The data told the story, but was only analyzed after the accident, not before.
M2M sensors and the data that is wirelessly flowing needs both the EAM and BI solutions to go along with them. I expect that companies like Syclo and ClickSoftware in the SAP ecosystem will be developing additional M2M management solutions to support this rapidly growing market.
I have been writing a regular newsletter on M2M market developments that you can read here.