Expert: Russia’s IoT/M2M market to grow to 90 bln rbl by 2022

MOSCOW, Jan 10 (PRIME) -- The Russian market of the Internet of Things (IoT) and machine-to-machine (M2M) communications will increase to almost 90 billion rubles by 2022 from more than 60 billion rubles in 2017, J’son & Partners Consulting said in a research seen by PRIME on Wednesday.

“The share of data transfer services and proprietary hardware and software complexes will fall from more than 70% at present to 40%, and the share of cloud services will spike by almost five times,” the researcher said.

Under IoT/M2M, J’son & Partners Consulting understands distributed systems of telemetering and remote supervision, which get the data generated and carried automatically by telemetering devices of IoT/M2M without or with minimum involvement of a human.

The country does not have a unified IoT/M2M market, and there are different scattered segments, which can be referred to as IoT/M2M, with the main ones being the market of systems and services of transport monitoring, including smart insurance, the market of remote surveillance, and the market of payment systems.

The base of installed IoT/M2M devices counted 15.9 million as of the end of 2017, J’son & Partners Consulting said.

(57.0463 rubles – U.S. $1)

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