Machine To Machine (M2m) Market Set To Grow To Over $31bn In 2017
08 August 2017
Visiongain has launched a new pharma report Machine-to-Machine (M2M) Market Report 2017-2027: Service Revenue Opportunities in Retail, Automotive and Transport, Healthcare, Aerospace and Defence, Industrial and Manufacturing, Security, Utilities/ Energy, Financial Services, Government and Other
M2M stands for ‘Machine to Machine’, and refers to a technology which allows for wireless and wired devices to communicate with other devices of similar technological capabilities. For example, an M2M capable device will act as a sensor to record information that is sent through any kind of network, wired or wireless, to an application. The application will then translate the information into an appropriate act for that software program. This machine to machine connectivity is accomplished with telemetry. Machine to machine communication was traditionally achieved via a hub, whereby the devices would communicate through the central hub that would in turn reroute the information to the required device. Current M2M technology allows for devices to connect directly to each other, with no need for a central hub or any rerouting of information.
The widespread adoption of wireless networks across the globe has facilitated a system that allows for M2M on a much bigger scale. These networks enable M2M at greater speed and using less power and resources. M2M has opened up a huge arena of potential opportunities spanning diverse industries from marketing to advertising, healthcare to business, the uses for the technology are virtually limitless.
The lead Visiongain report analyst for this report commented; “Machine-to-Machine technology is a very broad term which specifies that, the devices which can communicate through a type of technology and can perform actions without any manual assistance. This technology allows communication between both the wired and wireless system. The market is projected to witness growth, owing to factors such as the growing penetration of the Internet in emerging economies and favourable regulatory mandates. Moreover, the increasing M2M connections in various industries and the growing adoption of new connectivity technologies such as 4G/LTE and Bluetooth Smart/BLE further accelerate its market growth. Among end-user segment, automotive and transportation is forecast to have higher usage of M2M, due to growing number of connected cars and the development of vehicle-to-vehicle and vehicle-to-infrastructure framework.”
The M2M market is highly competitive with many different players entering the market. The report discusses selected leading companies in the market. Notable companies in the global M2M market include AT&T, NTT DoCoMo, Verizon Wireless, Telit Wireless Solutions, Orange, KORE Telematics, Sierra Wireless, SIMCom Wireless Solutions, Sprint Nextel, Jasper Wireless and China Mobile
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