TORONTO - Telecom company Rogers says it expects to have about a million connected devices running on its next-generation network this year.
During a roundtable discussion Monday, Rogers CEO Nadir Mohamed says revenue for the machine-to-machine market and related services is anticipated to reach a total of $1 billion in the next three years.
He says the machine-to-machine market requires a fast wireless network and that the Rogers next-generation Long-Term Evolution network is the platform for this business.
Parking meters, digital signage, video surveillance and automated teller machines are examples of Internet-connected devices.
While several connected appliances are also already out on the market, such as connected washing machines and refrigerators.
Rogers (TSX:RCI.B) says industries such as health care, retail, transportation and energy and utilities will use connected devices as part of how they operate.
Toronto-based Rogers is Canada's largest wireless carrier.