Verizon Wireless has increased its efforts in Machine-to-Machine (M2M) technology in the area.
M2M solutions have a variety of applications, such as fleet management, cashless vending, inventory monitoring, remote thermal sensors and live video surveillance. A wireless connection can replace WAN or LAN wired Internet connections or fill in when those options are not available.
The M2M market has been growing exponentially over the past few years, according to a recent report from Visiongain, an independent business information provider for telecommunications and other industries. Visiongain predicted that global wireless M2M revenues would reach $50.1 billion in 2013, and that rates will increase as consumers’ use of connected devices is integrated into business.
Verizon recently created a position filled by longtime Verizon executive Jeff Kissinger, who will now focus on finding companies whose technology solutions will benefit from cellular connectivity and increased automation.
“By 2020, there will be 50 billion M2M connections worldwide,” said Mike Parker, director of data sales for Verizon Wireless, in a realease. “Verizon has been actively working to expand the M2M marketplace for more than a decade, and Jeff’s new role will help Verizon remain at the forefront of this important technology.”
Verizon serves 101.2 million retail customers, including 95.2 million retail postpaid customers.
