The next $100B market is already here? (almost?)
Just as we are getting our arms around terms like B2B and BYOD, the latest technology acronym emerges — M2M. And this one is big and getting bigger fast. For many of us, M2M (machine-to-machine) is a new concept, but you might be surprised to learn that it is already a $24B market and predicted to reach nearly $86B by 2017.
M2M…what the heck?
Yes, M2M (a.k.a Internet of Things) is now one of the fastest growing segments in technology. M2M solutions can connect millions of devices via a network, like vending machines, heart monitors, trucks, appliances and buildings — nearly anything with sensors or software agents that can report device-specific information back to other devices or applications.
Conceptually an M2M network is simple. It uses a sensor or other type of device to monitor activity or a status change, such as inventory levels or even an increase in…
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