According to a new research report from the analyst firm Berg Insight (www.berginsight.com), the global number of mobile network connections used for wireless machine-to-machine (M2M) communication will increase by 21% in 2014 to reach 213.9 million at the year-end.
East Asia, Western Europe and North America are the main regional markets, accounting for around 75% of the installed base. In the next five years, the global number of wireless M2M connections is forecasted to grow at a compound annual growth rate (CAGR) of 22.9% to reach 599.7 million in 2019. The mega-trend driving technology adoption in Europe and North America is what Berg Insight calls the concept of connected management.
"The IT-revolution has created new opportunities to collect and analyse data for the purpose of managing objects and behaviours," says Tobias Ryberg, senior analyst, Berg Insight. "Connected management is based...| Read more »