October 24, 2012
A new report from Juniper Research has found that the Telematics and Consumer Electronics sectors are rapidly becoming the two fastest growing industries for the M2M (Machine to Machine) market, challenging the position of smart metering. The report forecasts that the market for M2M and embedded devices will reach 400 million by the end of 2017, up from a little over 110 million at present.
The eReader has enhanced the prospects of embedded devices in the consumer electronics industry. The promise of increased driver efficiency and cost management will drive the success in telematics: “The automotive market is potentially easier to address than other sectors as it contains fewer players,” adds Anthony Cox, Associate Analyst at Juniper Research and the report’s author.
Main findings and Forecast by Juniper Research
It appears that almost all Mobile Network Operators have now embraced M2M as an industry sector, tailoring services and approaches to the industry. APIs (Application Programming Interface) from M2M specialists are becoming increasingly sophisticated with tailored solutions for individual M2M customers now common.
Hardware manufacturers are providing increased support for their products including API and industry -specific modules. 4G chipsets, while shipping in very low volumes at present, will find their market in the automotive industry and specific applications such as live video monitoring.
The report also finds that the price of M2M modules will continue to reduce, particularly for 3G modules, as automotive and consumer electronics use-cases require improved bandwidth and latency, and as 2G infrastructure is retired in some markets.
The report includes an analysis of the current state of play in the Embedded Mobile and M2M market and contains five year forecasts for M2M devices, service revenues, connectivity enablement revenues and the value of the hardware market.