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SOURCE Research and Markets
DUBLIN, March 15, 2013 /PRNewswire/ --
Research and Markets announces the addition of "Internet of Things (IoT) & Machine-To-Machine (M2M) Communication Market - Advanced Technologies, Future Cities & Adoption Trends, Roadmaps & Worldwide Forecasts (2012 - 2017)" to its catalogue.
IoT & M2M communication is projected to be the fastest growing technology segments of the Information Technology (IT) sector in the next 3 to 5 years, with a significant potential investments from companies to secure their computing environment. This future networks will be laid out as public/private infrastructures dynamically extended and improved edge points created by the "things/objects" connecting to one another. In fact, IoT communications can take place not only among peoples but also between people and their environment.
The Internet of Things (IoT) is not a new concept. In early 1990s, Mark Weiser, scientific director at Xerox Palo Alta Research Center, introduced the concept of "ubiquitous computing", a future, in which computing can be connected and it has become an integral part in our day to day lives that is transparent to the public. Mr. Weiser didn't coin the term IoT, associated with Auto-ID Center of the Massachusetts Institute of Technology (MIT) end of 1990s. Though, the idea of the IoT has become sensible importance, thanks to the rapid development of consumer electronics and appliances over the last decade.
IoT & M2M communication market in 2011 was worth $44.0 billion, and is expected to grow $290.0 billion by 2017. It is expected to have an increasing CAGR of 30.1% from 2012 to 2017. Europe, APAC, and North America regions are emerging market, whereas in Latin America and Middle East & Africa regions considered a high growth in the markets. In 2011, Europe accounted for about 30.0% of the global revenue, and is expected to grow at a CAGR of 27.4% from 2012 to 2017. APAC and North America are estimated to contribute $92.8 billion and $56.3 billion, respectively, by 2017; at a CAGR of 33.2% and 28.3%, from 2012 to 2017.
This report deals with the market trends in IoT & M2M communication and the growth associated with it. It also analysis, various factors that will drive and restrain the market over the next 5 years.
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