Internet of Things (IoT) & Machine-To-Machine (M2M) Communication Market Expected to Reach a Value of $290.0 billion by 2017, New Report Says
Feb 14, 2013 (PRWeb.com via COMTEX) --
IoT & M2M communication is projected to be the fastest growing technology segments of the Information Technology (IT) sector in the next 3 to 5 years, with a significant potential investments from companies to secure their computing environment. This future networks will be laid out as public/private infrastructures dynamically extended and improved edge points created by the "things/objects" connecting to one another. In fact, IoT communications can take place not only among peoples but also between people and their environment.
The Internet of Things (IoT) is not a new concept. In early 1990s, Mark Weiser, scientific director at Xerox Palo Alta Research Center, introduced the concept of "ubiquitous computing", a future, in which computing can be connected and it has become an integral part in our day to day lives that is transparent to the public. Mr. Weiser didn't coin the term IoT, associated with Auto-ID Center of the Massachusetts Institute of Technology (MIT) end of 1990s. Though, the idea of the IoT has become sensible importance, thanks to the rapid development of consumer electronics and appliances over the last decade.
Europe, APAC, and North America regions are emerging market, whereas in Latin America and Middle East & Africa regions considered a high growth in the markets. In 2011, Europe accounted for about 30.0% of the global revenue, and is expected to grow at a CAGR of 27.4% from 2012 to 2017. APAC and North America are estimated to contribute $92.8 billion and $56.3 billion, respectively, by 2017; at a CAGR of 33.2% and 28.3%, from 2012 to 2017.
The report categorizes IoT & M2M communication Market on the basis of technology & platforms, IoT components, M2M connections & modules, verticals, and geography. The market trends in IoT & M2M communication and the growth associated with it are analyzed, as well as the factors that will drive and restrain the market over the next 5 years.
Leading players featured in the report include AlcatelLucent S.A., Apple Inc., At&T Inc., AutoId Labs, Axeda Corporation, Cisco Systems, Inc., Electric Imp, Google, Inc., Huawei Technologies Co. Ltd., Intel Corporation, Mindscape, Nxp Semiconductors Nv, Qualcomm Incorporated, Redpine Signals, Sensinode Ltd., Sierra Wireless, Inc., Silicon Laboratories, Simcom Wireless Solutions Co.Ltd., Telit Communications Plc, Texas Instruments, Vodafone Group Plc, Widetag Inc., Zerog Wireless, Zte Corporation, and others.
For more information, including table of contents and full list of companies mentioned, please visit http://www.researchandmarkets.com/research/3l42rx/internet_of
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