January 29, 2015 — IoT (Internet of Things), the IoE (Internet of Everything), M2M (machine to machine), no matter whose acronym one wants to use, it is all in the same bucket. Truth is, there may well be various flavors of the IoX, with different vectors, such as the enterprise and the consumer. There may be defense and infrastructure as well as others yet to be invented.
But no matter how you look at it, or what you call it, if you don’t think the IoT is going to explode, think again. A new report from Infonetics Research estimates that the mobile M2M module market alone (aka the IoX) will increase nearly three-fold, from $1.6 billion this year to $4.5 billion in sales by 2018.
On the enterprise front, M2M is used for everything from fleet management to smart pipelines, smart grid monitoring, inventory control, smart environments, etc. Presently, enterprise demand for M2M is fueling the market for mobile M2M modules – the chips that will route data and communication between M2M devices. And most of this will be powered by short-hop wireless technologies and small cell deployments.
On the consumer end, those same modules will find their way into the myriad of IoX objects – all the way from the cheapest toothbrush to the millionaire’s Lear jet. In defense, even smarter weapons, surveillance and analytic M2M modules will provide a living, real-time picture of deployment situations.
There are many more industries that will feed the M2M module market so it is a good time to keep your ear to the M2M rail.