M2M and wearable technology expected to push IoT services to $231 billion market in 2020.

A new report by 4G-reports projects big growth opportunities in the machine-to-machine (M2M) and wearable technology market, which the authors say will help IoT service providers garner an estimated $231 billion in IoT service revenue by the end of 2020. This growth is expected to open new opportunities in areas such as smart meters and patient monitors, and may expand the smart devices market overall, particularly within the framework of the Internet of Things (IoT) vision.

So what does this mean for vertical industries like the healthcare, oil and gas and energy markets? They’ll need effective and efficient application development tools and flexible, open computing architectures to support IoT. For example, oil and gas companies can equip offshore drill rigs with sensors, robotics and automation and develop mobile apps to remotely monitor and manage them. With flexible, open source cloud architectures, the app development isn’t tied to legacy platforms, and cloud computing can simplify the connection of those apps to back-end systems and data, while offering ease of access that doesn’t compromise security or compliance. The same is true for healthcare organizations, which can give smart monitors to patients so doctors can track vitals such as heart rate, breathing, temperature, steps, and even body position in case a person has fallen.

Red Hat is advancing its portfolio of products and services to provide enterprises with open source solutions in order to enable them to evolve their IoT and mobile initiatives. Red Hat Fuse is a lightweight, flexible integration platform that enables rapid integration across the extended enterprise. The latest version, Red Hat Fuse 6.2 announced last June (along with Red Hat JBoss A-MQ 6.2), is designed to help developers more quickly and easily connect applications, data and services across IT environments, including hybrid clouds and IoT.

PrismTech, a developer of software platforms for IoT and distributed systems, has been using Red Hat Fuse as part its Vortex Intelligent Data Sharing Platform for the Internet of Things (IoT). PrismTech works with a number of companies on IoT projects, including working with Duke Energy on a smart grid/smart energy initiative.

At last summer’s Red Hat Summit, we announced the Red Hat Mobile Application Platform. Designed to simplify and accelerate the development, integration, deployment and management of mobile solutions, it incorporates technology from FeedHenry, a company acquired by Red Hat last October, as well as JBoss Middleware and OpenShift Platform-as-a-Service (PaaS) software.

By the way, there’s an excellent, detailed presentation on the Red Hat Mobile Application Platform, which was given at the Red Hat Summit in July and is now available for review on the 2015 Red Hat Summit site.

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