A new report from Juniper Research (News - Alert) predicts that M2M connections will be the catalyst for over $35 billion of service revenues across a diverse range of industry sectors by the end of 2016. Automotive applications will account for over 40 percent. Other sectors identified by the report as having significant potential include: consumer and commercial telematics; smart metering; point of sale; retail; banking; mobile health monitoring; smart buildings and security.

Anthony Cox (News - Alert) of Juniper Research said, “Industries are at different stages of development when it comes to M2M. Commercial automotive telematics are driven by the requirement for fuel efficiency which engine management systems can deliver.” In addition, in-car entertainment systems and infotainment will support telematics growth in the consumer vehicle market.

Other areas, such as remote monitoring in the healthcare sector, will take longer to develop but also hold significant promise in the long term.

Further findings from the M2M & Embedded Strategies Research report include:   

·         Partnerships: Companies which act as M2M enablers have developed important partnerships with carriers to facilitate the development of embedded connectivity.

·         Regulations: Regulatory initiatives will remain an important fillip for the market, e.g. European Directives on smart metering and Europe’s eCall vehicle safety initiative.

·         Regional Opportunities: point of sale, retail and banking represents an increasing opportunity, particularly in developing markets in Latin America, owing to the lack of fixed-line infrastructure.

·         Smart Metering: While still demonstrating high device numbers, has slowed following class action law suits in the US and other developments.

The report includes a comprehensive analysis of the current state of play in the Embedded Mobile and M2M market and contains five year forecasts for M2M device numbers, service revenues, connectivity enablement revenues and data traffic values.

Want to learn more about M2M technologies? Then be sure to check out the M2M Evolution conference, collocated with TMC’s (News - Alert) ITEXPO West 2011, taking place Sept. 13-15, 2011, in Austin, Texas. The M2M Evolution Conference is for those industry professionals interested in capitalizing on a rapidly growing segment of the telecom industry. The M2M Evolution Conference embraces the any-to-any strategy of the Internet today. Co-sponsored by TMC Partner Crossfire Media, it showcases the solutions, and examines the data strategies and technological requirements that enterprises and carriers need to capitalize on a market segment that is estimated to grow to $300 Billion in the year ahead. To register, click here.