Iot/M2M in 2014: Moving Toward a Trillion-Dollar Market

Posted by on Dec 23, 2014 5:25:00 PM Jack McCarthy  
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iStock_000001925982_MediumThis year began with a bang for the Internet of Things (IoT) and machine-to-machine (M2M) communications market when Cisco Ceo John Chambers stood up in a Consumer Electronics Show keynote in early January and proclaimed that the “Intent of Everything,” as he called it, would create a cumulative economic impact of $19 trillion dollars related to bringing intelligence to everyday objects.

“This will be bigger than anything done in high tech in a decade,” Chambers said. With that auspicious start, IoT/M2M was off to a rollicking year as businesses responded in a variety of ways to try to make Chambers’ prediction come true.

At Aeris, we grew the number of IoT/M2M-connected devices from one million in 2013 to 2.4 million in 2014. But the M2M/IoT industry as a whole didn’t progress on a linear track.

In early 2014, the European Union was able to enact a “Digital Single Market,” and will eliminate all roaming charges by 2015. In the U.S., a variety of companies drew together to form sometimes conflicting standards bodies. The confusing nature of these alliances portend more competition and jockeying in the future before more simplified guidelines can be established.

In July, Google put forth Thread, a networking protocol with security and low-power features for connecting household devices than other technologies such as Wifi, NFC, Bluetooth or ZigBee. Qualcomm handed over its open-source AllJoyn protocol to The Linux Foundation in December 2013. From there, Qualcomm and The Linux Foundation formed the AllSeen Alliance, enlisting Cisco, Microsoft, LG, and HTC as members, among many others. AllJoyn provides tools for the entire process of connecting and maintaining devices on a Wi-Fi network.

Not to be outdone in the open-source space, Intel announced its Open Interconnect Consortium, which included Atmel, Dell, Broadcom, Samsung, and Wind River as members. In addition, in July, the Industrial Internet Consortium was founded by Intel, Cisco, AT&T, GE, and IBM with the goal of developing standards specifically for industrial use of the Internet of Things.

Expanding its global footprint, Aeris in December became a member of the International M2M Council (IMC) and will join its Board of Governors. The IMC is one of the few industry groups that truly supports enterprise users of M2M technology on a global scale.

Meanwhile, Aeris moved forward with a series of initiatives to harness the potential of IoT/M2M.

In October, Aeris launched Neo, its online, self-service marketplace for IoT/M2M connectivity.  Neo simplifies the development process, speeding time-to-market, and dramatically lowering costs by 50 percent or more.

Neo was the most recent announcement that pushed Aeris ahead in 2014. Others included Aeris GSP, a global M2M Service Delivery Platform which allows mobile operators to significantly lower current M2M service delivery costs, adapt to unique M2M business models, and offer advanced data services to increase M2M revenue per connection. Aeris also released its Infinity Support program, which provides 24/7 support, thirty minute response time, and proactive monitoring and issue identification needed by customers to achieve breakthrough performance in operational efficiency and solution uptime.

In 2015, there’s little doubt that the roll out of IoT/M2M connectivity as envisioned by Chambers will continue, and Aeris will be front and center of the movement.

Topics: M2M