Machine to machine (M2M) communication is what happens when cars, computers, security cameras, TVs, industrial devices, drinks coolers, gambling devices — in fact, nearly any fixed or mobile assets — are connected. By using M2M, these assets can send and receive data and requests to each other and to central management systems, in an independent, automatic and real time manner, opening up a whole new world of opportunities for business agility and efficiency.
M2M is growing attention on a global scale. Analysys Mason forecasts that the number of M2M device connections will grow up to 2.1 billion by 2021. In the Analysys Mason research, 78% of respondents said that M2M will be at the core of successful businesses in the future. Two-thirds of businesses that are currently considering M2M, or that are in the process of implementing M2M, view it as a key priority.
M2M applications can be used for a wide range of business initiatives, as they are closely linked to meeting critical business goals — such as cutting cost, growing productivity and differentiating from the competition. M2M can serve for meeting more “reactive” objectives, such as new legislation capping the cost of M2M data transmissions, or the need to respond to regulatory demands for using M2M. It’s interesting to note that 41% of companies are looking into M2M for improving their competitive advantage, and more than 80% agree that early adopters will gain a huge competitive advantage, making this a major driver for M2M strategic adoption.
Top Reasons for M2M Adoption
“With the right blend of business ambition, technology vision and expert support, M2M can deliver truly transformational results. And the possibilities are changing all the time, as new and creative M2M solutions emerge. It will be fascinating to see how different the state of adoption, and hopes for the future, will be next year.”
Erik Brenneis, Director, M2M, Vodafone