Security, product quality, downtime worries hold manufacturers back from M2M
Security, product quality and downtime concerns are holding back manufacturers from deploying wireless machine-to-machine systems, judges market research firm Frost & Sullivan.
In addition, the lack of M2M experience among many telecom carriers is contributing to manufacturers' reluctance about M2M.
To address these concerns, carriers with no in-house M2M experience should partner with automation providers, system integrators or data analytic providers, recommends Shuba Ramkumar, information and communication technologies research analyst with Frost & Sullivan.
"Acquiring smaller companies that specialize in innovative enterprise mobility applications and data analytics will help telcos capitalize on the immense potential available for M2M communications in the manufacturing sector," Ramkumar adds.
The research firm explains that M2M systems can enable advanced robotics and enterprise mobility on the plant floor, providing connectivity in inaccessible areas, communication across barriers, and simplified installation based on wireless local area, wide area and sensor networks.
"Telcos' ability to offer enterprise-grade communication services integrated with plant-level communications is critical to reliable plant-level operations. Existing partner networks can also be leveraged to provide end-to-end services, including network implementation, provision of applications, and data analytics," concludes Ramkumar.
Market research firm IDC believes that the M2M market will grow fastest in the manufacturing sector, as well as the automotive, transportation and energy sectors. IDC forecasts that the Internet of Things/M2M market will increase at an 8.8 percent compound annual growth rate, reaching $7.3 trillion by 2017.