M2M and wearable technology a $116 billion opportunity for wireless carriers, says SNS Research
DUBAI, UAE. 24th November 2014: SNS Research's latest report indicates that M2M and wearable technology can help wireless carriers pocket as much as $116 Billion in network connectivity service revenue by the end of 2020.
As consumer voice and data services revenues reach their saturation point, wireless carriers are keen to capitalize on other avenues to drive revenue growth. One such opportunity is providing network connectivity for M2M (Machine to Machine) devices like smart meters, connected cars, healthcare monitors and digital signage. Despite its low ARPU, M2M technology has helped carriers establish steady revenue streams across several verticals including utilities, healthcare, automotive, transportation, logistics, public safety, retail, and even consumer electronics.
Another key opportunity is the monetization of wearable technology. Mobile device OEMs are aggressively investing in wearable devices, in order to offset declining margins in their traditional smartphone and tablet markets. As a result, the market has been flooded with a variety of smart bands, smart watches and other wearable devices capable of collecting, sending and processing data over mobile applications.
Eyeing opportunities to route huge volumes of traffic from these wearable devices, many wireless carriers are now seeking to fit wearable technology with their M2M offerings, targeting both consumer and vertical markets. SNS Research expects that M2M and wearable devices can help carriers pocket as much as $116 Billion in network connectivity revenue by the end of 2020, following a CAGR of over 40% between 2015 and 2020.
Spanning over 800 pages, "The M2M, IoT & Wearable Technology Ecosystem: 2015 – 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts" report package encompasses two comprehensive reports covering both the M2M and wearable technology markets:
- The Wireless M2M & IoT Bible: 2014 – 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts
- The Wearable Technology Ecosystem: 2014 – 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts
This report package provides an in-depth assessment of M2M and wearable technology, including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, deployment case studies, ecosystem player profiles and strategic recommendations. The report also presents forecasts for wearable device shipments, M2M module shipments, M2M connections, and associated submarkets from 2014 through to 2020. The forecasts are further segmented into vertical, regional, technology and country submarkets.
The report package will be of value to current and future potential investors into the M2M and wearable technology sector, as well as wireless carriers, vertical enterprises, device OEMs, M2M MVNOs, M2M/IoT platform specialists, infrastructure/software vendors and enabling technology providers who wish to broaden their knowledge of the ecosystem.
For further information concerning the SNS Research report package "The M2M, IoT & Wearable Technology Ecosystem: 2015 – 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts" please visit: http://www.snstelecom.com/m2m-iot-wearable
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About SNS Research
SNS Research is one of the most foremost market intelligence and consulting firms for the worldwide telecommunications industry, with a particular focus on wireless infrastructure and mobile devices. Developed by leading industry analysts our market intelligence and consultancy services provide unique insights to the global telecommunications industry with information ranging from niche details of mobile handset models to tracking to large network infrastructure contracts and cellular network operator metrics. Whether your focus is strategic decision making, service development, investment or marketing, our services will allow you to make optimal decisions with self-assurance.