Cellular M2M based VAS market to grow from $1.5B to 10B by 2017, as per IMS

IMS Research of IHS has reported cellular machine-to-machine (M2M) based value-added-services (VAS) to expand by a factor of seven and reach $10 billion by 2017 from the $1.5 billion in 2012. Details of IMS findings and analysis includes: The VAS market represents an array of business and technical services that complement managed cellular connectivity and application platform services. These services enable application developers, service providers and corporate adopters to create, deploy and manage cellular M2M applications. The growth of the VAS market in this area will be driven by the boom in cellular M2M connections. Global M2M cellular connections are expected to rise to 374.9 million by 2017, expanding at a compound annual growth rate (CAGR) of 26.5 percent from 91.4 million in 2011. “The next Internet wave will be the M2M revolution, where almost anything—from an automobile, to a shipping container, to a home electricity meter—can become a part of a vast network,” said Sam Lucero, senior principal analyst for M2M & Internet of things at IHS. “Cellular communications will play a key role in in this new era of the ‘Internet of things,’ serving as the glue that connects hundreds of millions of nodes together. However, the cost and complexity of developing, deploying and operating cellular M2M applications is daunting, leading increasing numbers of companies to ...