Natick, MA (PRWEB) January 10, 2013
VDC Research (VDC), a leading market intelligence firm that provides engineering leaders and technology suppliers with research-driven insights to help guide their product development and technology strategies, today announced results of a recent research study that illustrates the growing importance of connectivity, data analysis and security within the M2M development cycle.
For over two decades, VDC Research has been conducting research and analysis of the global M2M market. Born out of its embedded engineering research practice, VDC Research surveys and interacts with thousands of engineers from all vertical markets including automotive, manufacturing and medical devices, to gain insight into their project requirements, solution selection criteria, preferences and trends.
While reviewing results from a recent survey of engineering leaders, Mitch Solomon, VDC’s CEO remarked, “There isn’t a product on the market today that in the future won’t have a service component enabled by M2M. At VDC, we are thinking about near term M2M opportunities that connect one technology to another, enabling new features and benefits. But what has us really excited is the opportunity created by connecting the limitless array of unintelligent objects and products that comprise the physical world. We see a future where a pet food company sells technology-enabled alerts that automatically deliver a new supply of cat food with its products, where drywall is sold with built-in sensors and services that enable better building management and security, where luggage retailers sell learning-luggage that reminds its owner what to pack. The future of M2M is about animating this limitless array of previously lifeless objects, which will result in incredible opportunities for entrepreneurial companies.”
Despite a growing number of companies providing data on the M2M market, VDC’s four practice areas, M2M Embedded Software; M2M Embedded Hardware Systems; AutoID and Data Capture and Enterprise Mobility and Connected Devices enable a unique 360-degree view of the challenges facing today’s embedded engineer. With connectivity emerging as the next facet of design differentiation, engineering organizations need to understand how to design systems that not only meet rapidly evolving system requirements but also enable the deployment of new revenue and service models.
VDC’s long standing coverage of hundreds of suppliers and thousands of engineers each year, lends advice and data to OEMs in the form of:
- A guide that outlines steps engineering organizations should take when developing M2M, connected systems
- Best practices in deriving value though the volume and variety of data generated by connected devices
- Analysis of the security risks that result from increasingly connected intelligent systems
Key findings of our most recent M2M research provides critical information for large enterprises, OEMs and the vendor community as they begin to tackle the implications of M2M. Research highlights include:
- The M2M and embedded device market is about to experience explosive growth, growing from $1.4B in 2011 to $25.9 B in 2016
- 76% of OEMs believe M2M will help their customers increase revenues and 73% of OEMs say M2M is increasingly cited by their management as critical to the future success of their organization
- 66% of OEMs report that M2M requirements are driving them toward greater use of integrated, turnkey solutions
ABOUT VDC RESEARCH
VDC Research is the leading M2M-focused market intelligence firm that provides engineering leaders and technology suppliers with research-driven insights to help guide their product development and technology strategies. Based on a unique blend of quantitative and qualitative analysis that offer granularity and breadth of coverage, VDC is organized around four practice areas, each with its own focused area of coverage. Together, they enable a unique 360-degree perspective of the opportunities and challenges resulting from The Internet of Things and M2M. For more information visit: http://www.vdcresearch.com