Proving the Business Case for the Internet of Things

Wireless M2M connections to grow by 21% in 2014: Berg

Iain Morris
August 21, 2014
The number of mobile network connections used for wireless M2M communications will grow by 21% this year to reach 213.9 million, according to new research from Berg Insight.

East Asia, Western Europe and North America looks set to remain the main regional markets, accounting for around 75% of the installed base, according to the market-research company.

Berg also forecasts that in the next five years the global number of wireless M2M connections will increase at a compound annual growth rate of 22.9% to reach 599.7 million in 2019.

The company says the market will be driven by the desire for what it calls “connected management”.

“The IT revolution has created new opportunities to collect and analyze data for the purpose of managing objects and behaviors”, said Tobias Ryberg, a senior analyst with Berg Insight. “Connected management is based on the connection of remote devices to applications for the purpose of managing assets and products, costs and revenues, relationships and behavior etcetera.”

The connected cars market is one area where connected management is already being applied, says Berg, with carmakers developing solutions that allow themselves and drivers to control vehicles through a range of applications.

Meanwhile, the connected enterprise is also emerging as a blueprint for corporate management, according to the researcher, based on the idea that every asset and product should be linked to the enterprise network and capable of feeding data in real time to relevant IT systems.
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