Third Industrial revolution
underway as IoT and M2M worlds blur
Boston, MA - January
15, 2014
–The Internet of Things and M2M technology are changing the world in which we
live at a rapid pace: Open standards in the Internet of Things (IoT) are
challenging closed platform approaches, while wearables and other consumer and
lifestyle technology are opening up new ecosystems and opportunities, according
to the new Strategy Analytics Machine-to-Machine Strategies (M2M) service
report “The
Top 10 Trends in M2M and the Internet of Things (IoT) in 2014”.
Among the topics covered, Strategy Analytics considers the following
issues:
- Will there be any
standards at all in IoT and M2M in 2014 with the blurring of lines between
IoT and more commercial approach of M2M players?
- The third industrial
revolution is underway, with Industrial giants like GE investing heavily
in industrial automation tools, analytics and big data capabilities.
- The advancements in
networks, devices and applications and growth in lower cost, scalable
processing and storage will facilitate this third industrial revolution.
- The opportunity for
service transformation via applications in tandem with connectivity
platform development, lower cost devices and network evolution (such as
LTE and other Bearer technologies) will
exponentially increase the amount of data communicated by objects and will
create new challenges and opportunities in the processing and storage of “big
data”.
- Open standards and OTT
business models in IoT threaten to significantly disrupt the world of
proprietary connected platforms in 2014 and beyond.
- Major partnership
opportunities exist with networking wearables and other consumer and
lifestyle technology in the IoT as well as in areas such as health and
wellness etc.
- Security will be critical
at both device endpoints and in the datacenter.
“The outlook for M2M and IoT in 2014 is hugely positive, but
also more confusing than ever, as we see the robust industrial worlds of M2M
and innovative, traditionally kick-starter-funded worlds of IoT collide more than ever in 2014”
said Andrew Brown, Executive Director of Enterprise
and M2M research at Strategy Analytics and author of the study. “At the same
time there has never been more interest, innovation and investment in this area,
which is hugely positive”, he added.
“We are committed to covering the market of IoT and M2M in
depth, and this report highlights the key things that companies need to know
for 2014”, said David Kerr, SVP Global Wireless & Digital Consumer Practice,
“Strategy Analytics’ experts across wireless operators and Networks,
M2M,
and Smart
Homes are pleased to partner with GSMA at Mobile World Congress in
Barcelona on a series of workshops providing valuable analysis and insights into
the key trends impacting the mobile market place.”