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Beijing plans to invest $800 million in the Internet of Things industry by 2015. The Ministry of Information and Technology estimates China's Internet of Things market will hit $80.3 billion by 2015, then double to 166 billion by 2020. Read Original Content
The Vatican has decided to use an ID card with a micro-chip device embedded inside the card that is capable of being used as a tracking device. This card will be given to clergy and employees. Read Original Content
The European radio frequency identification market is set to explode, with forecasts suggesting it will be worth $3.2 billion in 2017, up from $289.6 million in 2011. Read Original Content
ILS Technology provides ready-to-use cloud based platforms to implement and manage M2M (machine to machine) and embedded wireless devices that connect to SAP. ILS Technology simplifies deployments and offers unparalleled security to protect company and customer data and to ensure regulatory compliance. This newsletter is sponsored in part by ILS Technology.
The number of M2M connections worldwide is expected to more than triple by 2016 compared to the figure in 2011, according to a new report from IMS Research, as carriers look to M2M for growth opportunities. Read Original Content
Global M2M revenues will soar from $200 million in 2011 to $1.2 trillion in 2022, according to new research from Machina Research. The revenue explosion will occur as the number of M2M connections rises from 2 billion at the end of 2011 to around 18 billion by the end of 2022. Read Original Content
Compass Intelligence, a global consulting and market analytics firm, released its latest forecast of the M2M market today. The cellular M2M market will reach 33.3 million connections in the U.S. in 2012 and grow to 114.7 million connections by 2016 with annual growth rate of over 36 percent. Read Original Content
Productivity gains resulting from the Internet of Things could add between $10 trillion and $15 trillion to global GDP over the next 20 years, according to a new study from General Electric. Read Original Content