Internet of Things & M2M Communications Market to Reach $290 Billion by 2017

According to a report of MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. Recently, the firm published a new market research report titled, “Internet of Things & Machine-To-Machine Communication Market – Advanced Technologies, Future Cities & Adoption Trends, Roadmaps & Worldwide Forecasts 2012-2017.”

According to the report, the Internet of Things & Machine to Machine Communications Market is expected to grow from $44 billion in 2011 to $290 billion by 2017, at an estimated CAGR of 30.1 percent from 2012 to 2017.

Companies such as Alcatel-Lucent (News – Alert) S.A., AT&T, Inc., Cisco Systems, Inc., Intel Corporation, IBM Corporation, Huawei and Gemalto NV are key market players.

The Internet of Things (IoT) market report offers in-depth analysis of various industry verticals such as public safety & urban security, retail, healthcare, energy & power, transportation, telecom & IT, consumer & residential, industrial & commercial Buildings, manufacturing and others.

Officials said that the report also describes the emerging trends in IoT & M2M communication market across geographies.

The IoT & M2M communication comprise of objects that are connected to the Internet; anything, anytime, anywhere. It also consists of attaching sensors and devices into everyday objects that are connected to Internet through wired and wireless networks. The sensors can be integrated easily in residence, workplaces and public places.

Any object can be easily connected and can “manifest itself” over the Internet, with the help of IoT & M2M communication.

Furthermore, in IoT, any object can be a data source, which helps transform the way we do business, running of the public sector and day-to-day life of millions of people.

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