M2M Communication Market is expected to grow at 10% CAGR till 2022
By Herald Keeper
Market Research Future Publish a New Report on " ?M2M Communication Market Research Report- Forecast 2022?
Exclusive Summery About Report:
The 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.
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.
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.
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.
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Major Key Players
- 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.),
- Intel (U.S.),
- 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.), Telefnica, S.A.(Spain), China Mobile Ltd. (China), Numerex Corp.(U.S.), Sierra Wireless (Canada), and Orange S.A.(France) among others.
Global M2M Communication market has been segmented on the basis of Technology, Component, and Application. The Technology has been identified as Wired, Wireless and hybrid whereas Component consists of Wi-Fi, Sensors, RFID, and Software among others. The application comprises of Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation among others.
North America is dominating the market of M2M communication Market due 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 industrial development as well as infrastructural growth. The M2M Communication market is also increasing due 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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