Connections +
News

Global IoT and M2M market to hit US$450+ billion by 2019


August 12, 2014  


Print this page

According to RnR Market Research, The Internet of Things (IoT) and Machine-to-Machine (M2M) Communication market is expected to grow from US$128.7 billion in 2014 to US$498.92 billion in 2019, at an estimated CAGR of 24.42%.

“IoT and M2M is a worldwide network of interconnected objects,” the research firm said in a release. “With full of dynamicity, the objects can interact anywhere and anytime and can interoperate and collaborate heterogeneous range of entities. It is expected that by 2025 a trillion of interconnected devices will be present in the market and a rising demand for sensors, wireless networks, and cloud apps could be seen in the market.”

The report is segmented into technology and platform, M2M connection and modules, IoT components, applications, and regions with an in-depth analysis and forecasting of revenues. It also analyzes global adoption trends, future growth potential, key drivers, competitive landscape, restraints, opportunities, and emerging technologies in this market.

Companies profiled include Alcatel-Lucent, AT&T, Cisco Systems, Huawei Technologies, NXP Semiconductors NV, IBM, Google, Intel and Qualcomm.

Further information is available at www.rnrresearch.com