According to Frost & Sullivan (News - Alert), M2M software platforms and services, once deployed in the form of proprietary technologies, are no longer sufficient. The increasing need from various verticals to ensure a rapid time-to-market approach has triggered the appearance of open, versatile, easy-to-use M2M platforms and services.

Mario Fernandez, research analyst at Frost & Sullivan said, “As the number of interconnected devices increases, the sophistication of M2M applications will considerably augment. The development of software platforms should keep the pace with changing needs of service providers and the security risks posed by an automated world.”

“We expect a continuous and healthy growth in the logistics sector for track and trace and fleet management applications. Given the low penetration of M2M applications in this sector so far, there is still a large space for growing. This is, however, a fragmented market, where low volume projects are yet predominant.”

M2M communications in the utilities sector is also expected to drive the market for M2M platform providers and module vendors. In advanced countries utility companies are upgrading and smartening their infrastructure to comply with government mandates, streamline their business processes and enhance the quality of services provided.

In Europe alone, the installed base of smart meters is expected to surpass the 200 million mark by 2017. On the other hand, emerging countries see smart grids development as an opportunity for leapfrogging, improving service coverage and reducing theft.

The upcoming Webinar entitled “M2M Communications Market: Strategic Analysis of Software Platform and Services” will discuss the market trends and the competitive landscape. will take place on Wednesday, 28 September 2011, at 14:00 BST (British Summer Time).

To attend or to receive a link to the recording, contact Joanna.lewandowska@frost.com.