European M2M market recovering quickly, says IDC

The European machine-to-machine (M2M) market is quickly recovering from the economic crisis of 2008–2009 and is starting to prosper again with growth rates exceeding 12% over the 2010–2015 period, according to research from International Data Corporation (IDC).

In the company’s latest forecast update on M2M, published last week, IDC argues that the convergence of device networking, M2M communications and the internet has brought us several steps closer to the vision of a smart world, consisting of an “internet of things” enabled by an intelligent infrastructure linking objects, processes, information and people. Several market advances over the past 12 months are driving the next wave of computing evolution with machine-to-machine at its core, according to IDC.

“The M2M market is rapidly recovering from the recessionary macroeconomic climate of 2008–2009, which primarily impacted the hardware business,” said IDC research director Nicholas McQuire. “In 2010 we have seen a solid turnaround driven by price reductions but also a tighter integration of M2M solutions across what is still a fragmented ecosystem.”

He said that although the market had a ways to go, improvements in standards were also helping.

“These trends will continue to drive strong momentum in the M2M ecosystem over the next few years,” he said.

IDC’s M2M 2011 Forecast Update (IDC #MC01T, February 2011) provides a forecast update for 2009–2015 for the Western European M2M market across M2M connectivity, modules and services. It also includes a forecast for the RFID market.

RECENT ARTICLES

Army’s new next generation squad weapon programme to launch ARC’s weapons intelligence platform

Posted on: August 12, 2022

Washington – Armaments Research Company, Inc, a technology and data company serving national security and public safety customers, announced their Internet-of-Things (IoT) full-stack technology will be introduced in the Next Generation Squad Weapon (NGSW) programme of record, in partnership with Sig Sauer. For the first time in 65 years, the U.S. Army’s initiative will replace

Read more

Connected logistics market to hit $47.6bn valuation by 2029 backed by MaaS for fleet management

Posted on: August 12, 2022

The global connected logistics market stands at a valuation of US$22.2 billion (€21.61 billion) in 2022 and is projected to reach $47.6 billion (€46.34 billion) by the end of 2029. Demand for connected logistics is estimated to increase at a compound annual growth rate (CAGR) of 11.5% over the forecast period (2022-2029).

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox