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IoT, M2M market to be worth US$290 billion by 2017

According to a new market research report  published by MarketsandMarkets, the Internet of Things (IoT) and Machine-To-Machine (M2M) Communications market is expected to reach US$290 billion by 2017 at a CAGR of 30.1% from 2012 to...


July 11, 2013  


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According to a new market research report  published by MarketsandMarkets, the Internet of Things (IoT) and Machine-To-Machine (M2M) Communications market is expected to reach US$290 billion by 2017 at a CAGR of 30.1% from 2012 to 2017.

According to its authors, “the IoT and M2M communication comprise of objects/things that are connected to the Internet, anything, anytime, anywhere. IoT & M2M communication consists of attaching sensors and devices into everyday objects/things that are connected to Internet through wired and wireless networks. Internet is a global network that connects the masses through technology. The sensors can be integrated easily in residence, workplaces and public places.

“In this way, any object can be connected and can “manifest itself” over the Internet. Furthermore, in IoT, any object can be a data source. This begins to transform the way we do business, running of the public sector and day-to-day life of millions of people.”

Further information on the report can be found at www.marketsandmarkets.com.