"The good news is
"M2M and IoT is a very young, very healthy and rapidly growing industry segment. Machines are connected through a variety of networks including Wi-Fi, cellular, and land line. This is an incredible growth opportunity for a growing variety of companies, large and small, who are both competitors and partners," says tech analyst, Kagan.
"This is an enormous opportunity and frankly, I believe the opportunity may be even larger than that. That is good news for all the companies competing in this space. However, this does not mean the road will be smooth. There will be winners and losers in this space. Some companies will flourish, while others die. The industry will continue to change which will challenge every player in this space," says wireless analyst, Kagan.
One key industry association tracking this space is the
This survey points to three industries showing the most M2M growth with almost 30 percent adoption. These three industries are automotive, consumer electronics and energy and utilities.
The report shows the US has been overtaken by the
"Remember however, there are other sectors showing rapid growth as well, including health care, retail, home automation, and several other industries. At any point, they could rapidly expand their move in this area as well. Plus, there are other industries which will join this race. Remember M2M and IoT are one of the key areas of growth that we see today for many industries," says principal analyst, Kagan.
"While M2M is still in the very early stages, it will continue to grow rapidly. In fact, I see growth accelerating as we go through the next several years. As industry after industry get's involved, things could get quite crazy indeed," says Kagan.
Kagan is known as a Technology Analyst, Tech Analyst, Wireless Analyst, Smartphone Analyst, Telecom Analyst, Telecom Industry Analyst, and Principal Analyst.
Companies and Clients: Contact
Visit his website at: jeffKAGAN.com to learn more.
Twitter: Follow him at @jeffkagan
Read the full story at http://www.prweb.com/releases/JeffKAGAN-IndustryAnalyst/Vodafone-M2M-IoT-report/prweb11996203.htm
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