Machine to Machine (M2M)) service revenues will reach $20bn globally in 2015 as players across the M2M industry focus on simplifying the process of rolling out M2M for the end user, according to a new report from Juniper Research.
The report also noted that the monetisation opportunities offered by M2M differ significantly according to the industry to which it is being applied.
While telematics is positive, smart metering, despite high forecast numbers and regulatory drivers, is still struggling to find an avenue for revenue generation, reckons Juniper.
In all sectors service revenues will substantially exceed revenues from managing connectivity throughout the forecast period, says the report.
The study also notes that faster mobile broadband networks would impact on M2M use cases, noting that M2M service provision based on 4G LTE technology was beginning to find a market in CCTV, mobile POS (Point of Sale), digital signage and as a backup for fixed broadband services.
Meanwhile the report found that operators are increasingly deploying sophisticated cloud based APIs to address the increased complexities of the M2M industry.
However, it argued that M2M specialist players are the primary creators of the ecosystems behind M2M deployments.
"Operators continue to play a fundamental role in M2M,\" said report author Anthony Cox. "But there is still significant scope for new players focusing on either new technology approaches, or a particular angle of the M2M market.\"