Market projections for the growth of Machine-to-Machine (M2M) communications and the Internet of Things (IoT) are unrealistic without the emergence of a global standardised platform. This industry will not take off without significant consolidation and the economies of scale that standardisation can bring. Rationalisation needs to occur although disparity will continue on the device and connectivity level.
oneM2M is a set of specifications that will enable users to build platforms, regardless of existing sector or industry solutions. The intention is not to discard or ignore existing industry-specific standards but to work with them to provide value by extending their reach.