Global IoT & M2M market to exceed $450B
The Internet of Things (IoT) & Machine-to-Machine (M2M) communication market is expected to grow from $128.7-billion in 2014 to $498.92-billion in 2019, at an estimated CAGR of 24.42% from 2014 to 2019, according to a study by RnR Market Research.
IoT and M2M communication are the essence of the smart productivity and living, comprised of a worldwide network of interconnected objects. With full of dynamicity, the objects can interact anywhere and anytime and can interoperate and collaborate heterogeneous range of entities. It is expected that by 2025 a trillion of interconnected devices will be present in the market and a rising demand for sensors, wireless networks, and cloud apps could be seen in the market. The factors which are driving the IoT and M2M market rely on the government support, enhancing connectivity, and are proving to be beneficial for the market leaders and the industry.
The report further presents regional opportunity plot analyses along with expected market size and forecast analyses for various sub-segments of IoT and M2M market. Companies profiled in this research include Alcatel-Lucent S.A., AT&T Inc, Cisco Systems, Inc., Huawei Technologies Co. Ltd., NXP Semiconductors NV, International Business Machines Corporation, Google, Inc., Intel Corporation, Qualcomm Incorporated and Gemalto.