How M2M Powers the Internet of Things
How M2M Powers the Internet of Things
On the Radar
76% of respondents have heard of M2M, up from 61% in 2014. More than one-quarter (27%) of all businesses worldwide report using M2M technology.
M2M Makes a Mark
90% reported that M2M is relevant to their organization today, up from 86% in 2014.
Leading the Charge
Top M2M adopters include: energy and utilities (37%), automotive (32%), retail (32%), consumer electronics (29%), and health care and pharma (28%).
Use Cases Grow
Top M2M uses include: new types of devices (55%), more connections (53%), data analytics (48%), new connectivity types (45%), more lines of business (44%).
M2M Is an Enabler
Half (50%) of M2M adopters indicated that they’re using the IoT and M2M to enable new business and operating models.
Competitive Gains
83% of adopters agreed that they have gained a competitive advantage from M2M; 38% agreed “strongly.”
M2M Delivers on ROI
59% of those using M2M said they’ve realized “significant” ROI, compared to 46% in 2014.
M2M Is More Than Technology
79% agreed that M2M is not about buying technology, but rather about improving business processes.
The CIO Role
The study found that the CIO leads projects in 36% of cases; the CEO leads in 16%. 63% report having multiple leaders involved.
Budgets Count
Only 46% of projects get charged to the IT budget. 28% of businesses already use risk/reward sharing models, and 29% charge the cost direct to the consumer.
Final Thought
“M2M is ushering in a new era for the way companies do business by connecting consumer devices, smart offices and buildings to the Internet around the world.” – Andrew Morawski, head of Machine-to-Machine for the Americas at Vodafone.