451 Research IoT Service: Wearables Moving from Consumer Niche Interest to the Enterprise
New 451 Mobility Research data report says that the number of cellular connected IoT/M2M devices will increase nearly fourfold from 2014 to 2019. New research report predicts that smart watches and wearables will find a welcome home in the enterprise.
New York, June 15, 2015 – 451 Research, an information technology research and advisory company, has determined that cellular Internet of Things (IoT) and machine to machine (M2M) connections will increase nearly fourfold globally from 252 million in 2014 to 908 million in 2019. A monumental increase in active cellular IoT/M2M connections will be driven by a number of key factors. First, hardware and bandwidth costs have dropped to a point where nearly every enterprise can reap the benefits of virtualizing the physical world. Second, cloud-based middleware and data platforms are making it easier to securely generate insights from machine data at greater scale than ever before possible. Last, the buzz around this topic is generating overall awareness of the transformational potential of IoT/M2M in terms of ROI, competitiveness and support of completely new business models. The building excitement about what is possible has generated a massive amount of M&A activity to support position taking for the next decade of IoT-driven business transformation.