Machine to Machine (M2M) communication is a type of data communication technology that enables the devices such as sensors or meter to share information automatically with other devices and perform necessary action through a network which can be wired, wireless or hybrid without human intervention. M2M communication is often used for remote monitoring to capture an event and transfer data between mechanical or electronic devices. M2M communication provides various features of such low power consumption, low cost, infrequent and small data transmission, two way communication, low processing power, reliability and flexibility among others.
Market Research Future predicts that the market for M2M Communication is expected to grow at ~10% of CAGR during 2016-2022. The M2M communication market is growing rapidly and being adopted in many sectors such as Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation among others.
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The M2M Communication forms the base of Internet of things (IoT) technology and due to the rising demand of Internet of things (IoT); the M2M Communication Market is also expected to show an exponential growth. These are the key factors that have acted as market growth driver for the M2M Communication Global Market. However, the high initial investment associated with development and deployment of M2M communication Solutions and Lack of technology awareness is hindering the growth of the market. Security and privacy is also the main concern due to increase in data transfer wirelessly with limited battery life are also some of the restrain factors for M2M Communication Market, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 110 pages.
M2M Communication Global Market – Key Players
Identified and profiled in MRFR analysis; some of the key players operating in the market of M2M Communication are Aeris communication. Inc. (U.S.), AT&T, Inc. (U.S.), Deutsche Telekom AG(Germany), Cisco Systems Inc. (U.S.), Telenor Group(Norway), KORE Wireless Group(U.S.), and Intel (U.S.). Other prominent players operating in the market are Rogers Communications Canada, Inc. (Canada), Singtel Group (Singapore), Texas Instruments (U.S), Vodafone Group plc.(U.K.),Verizon Communications, Inc.(U.S.), Sprint Corporation(U.S.), Telefónica, S.A.(Spain), China Mobile Ltd. (China), Numerex Corp.(U.S.), Sierra Wireless (Canada), and Orange S.A.(France) among others.
M2M Communication Global Market – Segments
The Machine to Machine Communication Market Size is segmented in to 2 key dynamics for the convenience of the report and enhanced understanding;
Segmentation on the basis of Technology: Comprises of – Wired, Wireless
Segmentation on the basis of Component: Comprises of – Wi-Fi, Sensors, RFID, Computer Software
Segmentation on the basis of Application : Comprises -Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation
M2M Communication Market – Regional Analysis
North America is dominating the market of M2M communication Market owing to the opportunities offered by M2M communication for mobile operators which will increase the connection and revenue. In terms of the revenue generation, U.S. is leading the market in North America due to the rising demand of cloud based services and high-speed networks in U.S. that enables easy access, analysis and manipulation of stored data transaction to help customers to improve their business operations.
Europe is expected to register healthy growth in the Machine to Machine Communication (M2M) Market due to the industrial development as well as infrastructural growth. The M2M Communication market is also increasing due to the high adoption in Transportation, security and surveillance and warehouses among others. Europe stands as second biggest market for M2M Communication.
Asia-Pacific has emerged as fastest growing market due increasing adoption of smartphones and digital solutions such as smart meters in China and India. The improving economic conditions, rise in industrial development and initiative by government such as ‘Digital India’ in India are also supporting the market of M2M Communication Market.
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