Remote - M2M 2015 - (Page 4)

Editor's Choice IoT Platform Revenues will Grow to € 2.4 Billion Worldwide in 2020 The global market for third party Internet of Things (IoT) platforms will show solid growth in the next few years, according to a new research report from the analyst firm Berg Insight. Total IoT platform revenues are forecasted to grow at a compound annual growth rate (CAGR) of 32.2 percent from € 450 million in 2014 to € 2.4 billion in 2020. Third party IoT platforms are relatively new in the market and display a great diversity in terms of functionality and application areas. Broadly speaking, most IoT platforms fall into one of the following three categories: connectivity management platforms, device management platforms and application enablement platforms. These platforms enable companies and organisations to develop and deploy IoT solutions faster and at lower cost by offering more standardised components that can be shared across multiple solutions in many industry verticals. The world of machine-to-machine (M2M) communication is gradually moving from vertical single purpose solutions to multi-purpose and collaborative applications interacting across industry verticals, organisations and people. It is difficult to make a clear distinction between M2M and IoT, although the term IoT better describes the evolution of connected devices, with accelerating scale and scope, as well as higher focus on interoperable solutions. "M2M often involves highly customised solutions deployed within single industry verticals or companies to improve existing business operations", said André Malm, senior analyst, Berg Insight. IoT puts more emphasis on integration of sensors, devices and information systems across industry verticals and organizations to transform operations and enable new business models. "IoT focuses on gaining new insights from analytics based on data from diverse sources to support decision making, and improve products and services." Third party IoT platforms enable companies to focus on differentiation created by unique capabilities and insights from data rather than duplicating non-differentiating functionality such as connectivity integration, device management, data collection, storage and analytics. "In the past, companies have often developed M2M solutions where connected devices sent data via a network directly to an application that handled data storage and processing, security and business logic", said Malm. "These solutions normally required long development cycles and high cost, with little scalability and flexibility to handle a growing number of devices and evolving functional requirements" added Mr Malm. Adoption of third party IoT platforms is now growing rapidly. "Awareness of the product category is increasing at the same time as companies are realising the value of using a third party platform rather than re-invent the functionality in-house." Rajant Expands Markets for Private Wireless Network Technology To address this proliferation of connected people, machines and equipment, Rajant expanded its flagship private wireless network technology. Rajant is now expanding the availability of its BreadCrumb LX5 portable wireless mesh network technology to oil and gas, transportation, municipalities and other sectors of industry. Traditional mesh networks are capable in stable environments. But when organizations require high-levels of mobility, throughput and scalability, kinetic mesh networks like Rajant's have demonstrated added reliability and security. Rajant BreadCrumb LX5 wireless nodes create a private wireless mesh network when deployed with other BreadCrumb nodes. The more nodes added to the network, the more paths for communication are established, a differentiating factor relative to other networking technologies. The nodes use multiple radios to perform multiple functions concurrently. Each node is independent with full routing capabilities. "Businesses across industries desire efficiencies in their operations for better 4 www.RemoteMagazine.com Volume 15, Issue 2 Editor & Publisher, David Webster Director of Content, Nick Depperschmidt Senior Editor, Shannon M. Given Associate Editor, Heather Williams Manager of Administration & Customer Service, Marsha Grillo Fulfillment Services & Circulation Marc Vang, Ross Webster Advertising, Sales & Marketing Scott Webster, Sue Hannebrink, Will Massey, Dave Nosack, Melissa Cooley Production Carmen Abraham, Production Manager Calvin Brewer, Webmaster REMOTE SITE & EQUIPMENT MANAGEMENT magazine (ISSN #1535-0347) is a publication of Webcom Communications Corp. Subscription price for one year (six issues) is free for qualified subscribers, $44 in the US for non-qualified subscribers; $60 in all other countries. Single copies are $20 each. Back issues are available. Payment must be made in US funds in order to process the order. 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Table of Contents for the Digital Edition of Remote - M2M 2015

Editor's Choice
Safeguarding the IoT: Putting Security Front and Center
Remote Device Management for the Internet of Things
Not So Remote Any More: Incorporating Wireless Connectivity into Remote Site Equipment for Anytime Access and Greater Control
M2M with HMI
OMG Standards in the Oil & Gas Industry
Internet of Things West Preview
Modern IT Solutions Turn Worry into Confidence
IoT Products and Services
Industry News

Remote - M2M 2015