M2M moving ahead at rapid pace across most of the world
In an article published by Roger Struckhoff, Executive Director of the Tau Institute for Global IoT Research, one of the UK’s largest telecom companies, stands to benefit immensely from the use of 4G communications and beyond as the IoT (Internet of Things) evolves globally. Vodafone is aggressively expanding into the IoT, with Asia and Europe ahead of the US in terms of a “future suffused with the IoT”.
The report highlights that in Africa, Asia, and the Middle East more than doubled its percentage of IoT adoption, from 12% to 27% over just the past year, according to a report by Vodafone on IoT. In contrast, Europe jumped from 11% to 21% and the Americas from 13% to 17%. The report, based on interviews across 14 countries with more than 600 executives from the United States, Brazil, Germany, the UK, the Netherlands, Italy, and Spain. Others included Turkey, South Africa, China, India, South Korea, Japan, and Australia.
Vodafone also found that an astounding 55% of the companies it surveyed are either already incoporating M2M or plan to do so in two years. It thus anticipates that more than half of companies will have an M2M project in place by 2016.
Key triggers were found which precipitated the move to M2M, including cost savings via automation, the opportunity for innovation, process and productivity improvements, end-user demand, and declining costs of the technology involved.