Healthcare to lead way in M2M revenues, says Ovum
In 2018, the most important industry vertical for machine-to-machine (M2M) communications will be healthcare, generating M2M revenues of $7.9 billion, predicts market research firm Ovum.
Manufacturing will come in second, generating M2M revenues of $7.1 billion by 2018, followed by energy and utilities, generating $7 billion.
Overall, M2M revenues will reach $44.8 billion in 2018, with more than a third--$15 billion--coming from the Asia-Pacific region, says Ovum.
In addition, M2M connections will reach 360.9 million in 2018, triple the number in 2012.
"This is not a forecast of the 'Internet of Things' but rather of managed and paid-for connections over public mobile networks. For telcos there are really two opportunities: to stand back and provide the connectivity for M2M services, or to roll up their sleeves and get involved with the end-to-end provision of solutions," says Jeremy Green, principal analyst for industry communications and broadband at Ovum.
"If a carrier wants to play an essential part as a connectivity provider and focus just on that role, it must have healthy and robust relationships with device manufacturers and system integrators (SIs)," says Green.
"If a carrier sees itself as an end-to-end provider, its partnering relations are even more critical, because it is unlikely to be heard at the CxO level within an enterprise client unless it is working with a global SI," he adds.
- see the Ovum release
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