According to a recent article featured in the Financial Times, the machine-to-machine (M2M) market is expected to be worth $1.2tn within 15 years, yet the unit cost of some modules has fallen so low they are now viable for a whole new range of applications.
The article explains that one of the main drivers of M2M growth is smart meters for electricity, which the EU wants introduced in 80 per cent of households by 2020. Such monitoring devices will be able to link other communications devices like mobile phones to appliances, enabling more comprehensive control over spending for homeowners.
Another driver of the market that is gaining the attention of organisations worldwide is M2M for fleet optimisation. By gathering data wirelessly, fleet operators can see which of their transport vehicles are underused and which are in need of repair. Gathering data in this way not only provides access to more crucial information in real-time, allowing managers to better organise their fleet, it permits managers to optimise driver behaviour and reduce accidents.
M2M communications modules need to be resilient as they are expected to last for years embedded in machinery and often subjected to extreme temperatures, noise and vibration. Wind turbines, for example, are usually placed in remote locations across the globe and are exposed to all kinds of weather and changes in temperature. Wind turbine assessment is one of the biggest M2M markets that exist today and so the assessment devices must be up to the task – most turbines are monitored for a year, gauging the wind conditions of the area before many more are committed. There’s a lot of work to be done in order to meet renewable energy targets and M2M monitoring is a crucial part of this process.
The M2M market has been around since the early 2000s and due partly to the recent investment of many of the world’s network operators it is growing in popularity and creating revenue opportunities for businesses.
We work extensively in the M2M market and have been doing so for over fifteen years. From utilities to scientific research projects, we aim to provide our customers with an end-to-end solution that addresses all their communications needs.
We partner with the world’s leading wireless technology manufacturers and network operators to bring you the right solutions for your industry. Why not find out how we have integrated the products and services of organisations such as Iridium, Globalstar, EE, Vodafone and others into our powerful solutions portfolio to solve your communications challenge?