The M2M communication market being a swiftly growing market has players from consumer electronics, healthcare, retail, automotive, utilities. This being the base of IOT (Internet of Things) is expected to grow exponentially along with IOT market. Increase in demand for cloud based technology, digitalization, smart energy and high speed network are the factors that are driving this market. The adoption of this technology will ease the operations of different industries by maximizing the efficiency of machines.
What is Machine to Machine Communication?
Machine to Machine communication often called M2M / IOT is a part of technology revolution connecting many number of devices on internet. This refers to automated applications which involve machines over a network without human interaction. The machines have sensors and communication modules embedded in them. M2M is predicted to remodel the performances of various industries, service providers and businesses by automating their end machinery with intelligence.
What are the applications of Machine to Machine Communication?
M2M communication has wide range application in all kinds of sectors such as Utility companies, traffic management, telemedicine, security & surveillance, telemetry and so on. Utility companies use M2M communication in reaping products such oil & gas. This process includes remote sensors which use various parameters to detect the presence of oil in a particular area and make necessary changes in the drilling machine to maximize its efficiency. Also in case of traffic control system, sensors are used to monitor the volume and speed of traffic to avoid jam and accidents. M2M is used in telemedicine to keep track of patient’s condition through the devices worn by them. Thus this technology has an enormous impact on decision making in operations, quality control, financial aspects.
Market Research and Market Trends of M2M communications Technology Market
- M2M communication being an obligatory part of IOT is a rapidly growing market with its benefits in the automation of various industries. With an enormous necessity of digitalization and high speed networks, M2M communication will soon be utilized in all kinds of industries to automate their operations and reduce the lead times.
- Supportive government policies, increasing demand for connectivity along with growing concern for safety is driving the M2M communication market. Smart home market, automotive industry, healthcare, manufacturing &s supply chain verticals will fuel their growth by innovating more technologies inn M2M communications.
- M2M communication is expected to contribute a major share in wireless networks offering its applications across electrical, mechanical, environmental sectors. It is likely to rise its investment by attracting more key players and customers.
Who are the Major Players M2M communication in Market?
The companies referred to in the market research report includes AT&T INC, Verizon Communication, SK Telecom Co., Ltd. IBM Corporation,China Mobile Communications Corporation,Vodafone Group PLC,Telenor Group,Telefonaktiebolaget L. M. Ericsson (Ericsson),Wyless Networks SA,Telefonica, S.A.,VimpelCom Ltd.,Rostelecom PAO,NTT DOCOMO, INC.,CISCO SYSTEMS, INC.,Qualcomm Incorporated,Juniper Networks, Inc.,BOUYGUES S.A.,Intel Corporation,Gemalto N.V.,Deutsche Telekom AG,Texas Instruments,Jasper Technologies Inc.,Telit Communications,Sprint Corporation,Sierra Wirelessss and there are other key players which own a bigger share.
What is Our Research Scope?
The report contains in-depth assessment of the competitive analysis of Machine to Machine Communication, M2M communications Technology market sizing, benchmarking, market landscape, market trends, technology advancements in s industry, financial analysis, strategic analysis and so on to gauge the market forces and hidden opportunities of the market. Excepting this the report also includes a study of major advancements in M2M communications Technology market such as technology innovations, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing current market dynamics and its impact during the future forecast period. The report also comprises information about how the latest technology advancements improved customer as well as stakeholder satisfaction.
Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.