The machine-to-machine (M2M) market in EU27 in 2010 recorded almost 60 percent increase year-on-year to reach approximately 20 million M2M Subscriber Identity Modules (SIMs).

“Telco companies have built their growth by successfully targeting Tier 1 customers and expanding into new geographic markets in their operational footprint,” said Yiru Zhong, industry analyst for Frost & Sullivan (News - Alert) ICT group, in a statement.

M2M in Government and the Smart Cities concept will drive the next round of M2M opportunities for the ICT sector.

According to Frost & Sullivan, the Smart Cities concept involves an interconnected urban environment with citizens leading a digitalized lifestyle. With a committed government, the Smart Cities concept can be further developed by employing M2M technology. Enhanced delivery of local government services and an environment to get investments will be benefit the government.

However, the future of Smart Cities depends on the rate at which new and smarter M2M applications can be developed for business critical processes in the government and smart cities.

At present, telecom service providers are working with local city councils on electric vehicle charging or environmental service providers on smart energy services. The expectations are for telecom service providers to find a new and sustainable revenue stream in facilitating this beyond a pure connectivity perspective.

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.

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