UAE M2M market ‘to top $1trn by 2020’
Dubai, May 12, 2014
The UAE could witness a $1.2 trillion revenue opportunity from the machine-to-machine (M2M) market by 2020 with an estimated 50 billion connections, said an industry expert.
“M2M is making a significant impact in the region, especially as businesses begin to understand the benefits of the technology,” said Sherry Zameer, VP Telecommunication Solutions for Middle East & Africa at Gemalto, a leader in digital security.
He was speaking ahead of the two-day M2M Middle East Forum, which opened yesterday (May 11) at The Address Hotel, Dubai Marina. The forum will discuss the M2M landscape in the region and the ways that the technology can be utilised in the UAE and the Middle East.
“One thing is certain, it’s an exciting sector and the growth is real on a global scale. If you can imagine a way in which wireless technology and mobile data can improve operations, and if the business case makes sense, then M2M technology is probably the solution.
Utilities, logistics security companies as well as government bodies in the Middle East are looking closely at M2M to gain efficiency and reduce costs while offering enhanced and better services to end users,” Zameer added.
“The fastest growing vertical markets in the Middle East are transport and automotive, and M2M is being used for fleet management. The security sector is also growing. M2M is used for advanced security and alarm systems as well as in oil and gas, where it enables remote monitoring and management of pumps and equipment in the field,” continued Zameer.
Gemalto will discuss the variety of M2M technologies being used in the region, focusing on how M2M offers enterprises across a wide spectrum of industries an opportunity to improve productivity and cost efficiencies to gain a competitive edge. – TradeArabia News Service