M2M poised for growth, solution providers still see obstacles
Chicago (IL) - Analysts believe that Machine-to-Machine (M2M) will be the fastest growing segment in cellular technology over the next ten years. According to ABI Research, M2M will achieve a yearly unit growth of 40 percent. While the technology is there, many potential customers still have to learn what M2M can offer to improve business processes.
A recently released study by ABI Research outlines M2M as the next big thing in cellular technology. While shipments of common handsets are estimated to top out at about ten percent growth per year, M2M might achieve 40 percent, ABI says.
While the technology is growing rapidly, applications and customers are on a slower pace. Steve Pazol, CEO of nPhase, a Chicago-based company which provides M2M solutions believes that M2M still faces certain obstacles, which will have to be removed in order to make the technology successful.