No doubt about it, M2M connections are on the rise.
Executives, take note. Expected to top two billion globally by the year 2015, machine-to-machine connections “are steadily transforming businesses and opening up new services,” said Globe Telecom Head of IG Reynaldo Lugtu, Jr.
M2M is a fast-track to greater efficiency, offering night-and-day gains – as much as 30% – by streamlining company infrastructure, automating processes and consolidating operations. It can speed decision-making and even add new streams of revenue, Lugtu added… and enterprises around the world are responding to that. According to Virtual Strategy Magazine:
Considering all geographies worldwide, this market is currently valued at $2.98 billion. The total revenue pertaining to this segment is estimated to reach $4.76 billion by the end of 2019.
To get a little more specific, here’s a regional breakdown of projected revenues from satellite M2M communication around the globe.
|Geography||Estimated Revenue by 2019|
|North America||$1.43 billion|
|Latin America||$660.7 million|
|Asia/Pacific (APAC)||$1.07 billion|
What role do M2M connections play in your company? Have you taken the initiative to exploit this technology? If not, what’s holding you back?