The buildout of the Internet of Things is reaching several vertical market sectors, as businesses are fast developing machine-to-machine (M2M) applications to serve their needs, according to a report from MarketsandMarkets.
The market research company said the Internet of Things technology and application market was worth $1,029.5 billion in 2013, and is expected to reach $1,423.09 Billion by 2020, at an estimated CAGR of 4.08% from 2014 to 2020.
The report examined six IoT markets segments where the IoT is going to bring about a game changing revolution in the years to come. The segments covered are automotive and transportation, agriculture, building automation, industrial, consumer, and wearable electronics.
Aeris Communications is deeply involved serving customers from nearly every sector of IoT/M2M. The Aeris-powered cellular network sends data from trucks, medical devices, tanks, ATMs, digital billboards, cash registers, smart meters, cars, home and commercial security and monitoring systems, tractors, factories, construction sites, weather devices, emergency systems, laboratories, oil fields, traffic signals, irrigation systems and even bicycles.
Whether your company works in the fleet, healthcare, point-of-sale, utilities, consumer auto or monitoring and control industry, Aeris can help you create a more profitable M2M application.
If you have a need to automate data transmission, equipment monitoring, and/or alerting humans from a remote location, Aeris Communications can get you to market faster at the lowest cost. Unlike traditional carriers, Aeris will help you to design, deploy and maintain a M2M application that is optimized for your business, not ours.