Global Machine To Machine M2M Market
The GMI Research forecasts that the Machine To Machine M2M Market is witnessing an upsurge in demand over the forecast period. This is mainly due to fast pace of industrialization, increasing endorsement of the latest technologies like 2G and 3G, and their potential to carry out various actions without human assistance.
Introduction of the Machine To Machine M2M Market
Machine to Machine (M2M) communication broadly means the data communication technology that connects remote machines with the help of the internet and reduced the need for human interference in the process of communication. The technology mainly relies on software-controlled communication between machines to exchange information and perform actions without human help.
Key Players of the Global Machine To Machine M2M Market:
- T-Mobile USA, Inc
- Thales Group
- Cstar Technologies Inc.
- Cisco Systems, Inc.
- Infosys Limited
- Comarch SA
- Rogers Communications Inc.
- Huawei Technologies Co., Ltd.
- Intel Corporation
- Cisco Systems, Inc.
Machine To Machine M2M Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The increasing incorporation of the Internet of Things across different applications, such as proactive and distant maintenance, industrial defense systems, asset tracking, smart logistics, administration of manufacturing equipment, and optimization of power consumption, accompanied by the aggravating adoption of sophisticated technologies like cloud computing, IoT, Machine Learning, artificial intelligence and 4G/LTE across healthcare, manufacturing, automotive, transport, and logistics industry are the crucial factors driving the growth of the global Machine to Machine M2M market. Moreover, many leading companies are increasingly implementing the M2M technology led by their amplified concentration on resource expansion, energy saving, reduction of production cost, which adds to the Machine to Machine M2M market growth. Also, the swift industrialization, growing seepage of the internet and surging usage of software application for product improvement, mounting demand for data reliability and efficiency, the tendency of embedded communications systems across industrial automation is contemplated to offer enormous growth opportunities for the market.
However, the inflated installation and maintenance cost of these systems may hinder market growth. Moreover, as per the market research, the lack of calibration in connectivity protocols will further hamper the Machine to Machine M2M market share.
Machine To Machine M2M Market Segmentation:
- Segmentation by Technology
- Cellular Connections
- Low Power Wide Area
- Short Range
- Wide Area Fixed
Segmentation by End-use Industry
- Retail Sector
- Banking and Financial Institution
- Telecom & IT Industry
- Oil & Gas
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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