Machine-to-machine (M2M) communications is the exchange of information between networked devices without human assistance. It uses sensors for transmitting data over a common network and uses computing software for interpreting data and making decisions. The global M2M communication market report by Market Research Future (MRFR) focuses on advances in industrial automation and improved protocols in wireless communication for predicting growth and revenue margins for the period of 2016 to 2022 (forecast period). The COVID-19 outbreak and its effects on the industry are outlined in the report.
Market Scope
As per Market Research Future (MRFR) the global Machine-to-Machine (M2M) Connections market is expected to grow at USD 27.05 Billion by 2023, at 9.9 % of CAGR between 2017 and 2023.
The use of remote monitoring of industrial processes and seamless transfer of data between devices is expected to drive market demand. Increasing demand for connectivity in industrial processes, supportive government policies, and concerns for worker safety are major drivers of the market. Proliferation of industrial internet of things (IIoT) and adoption of connectivity technologies in verticals of manufacturing, automotive, healthcare, and real estate can further the market growth. The increasing focus on improving productivity and efficiency and accumulation of data for driving machining can fare well for the global M2M communication market. Adoption of short-range wireless technologies can influence the market.
Competitive Outlook
Deutsche Telekom AG, Sierra Wireless, China Mobile Ltd., Telenor Group, Intel, Sprint Corporation, Texas Instruments, Aeris Communication Inc., Verizon Communications, Inc., Telefónica, S.A., Numerex Corp., Cisco Systems Inc., Orange S.A., AT&T, Inc., Singtel Group, Vodafone Group plc., KORE Wireless Group, and Rogers Communications Canada, Inc. are key providers in the global M2M communication market.
Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/3818
Segmentation
- By technology, it is segmented into wired, wireless, and hybrid. The wireless segment is deemed to lead in the global M2M communication market due to Wi-Fi, Bluetooth, and ZigBee used in wireless beacons, patient monitoring systems, and infotainment systems. Adoption of smart devices and evolution of cellular networking technology can drive the segment growth over the forecast period.
- By component, it covers RFID, Wi-Fi, sensors, software, and others.
- By application, it is segmented into healthcare, retail, automotive, consumer electronics, utilities, home automation, and others.
Regional Analysis
North America is expected to dominate the M2M communication market due to the opportunities offered by M2M communication for mobile operators. The establishment of standards and protocols for integrating M2M can increase the connection and revenue. In terms of revenue generation, the U.S. is leading the market in North America due to the rising demand of cloud based services and high-speed networks. Launch of new routers for managing IoT devices seamlessly with the help of middleware solutions can lead to new contracts with leading manufacturers with M2M communication providers.
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.
Get More Information: https://www.marketresearchfuture.com/reports/machine-2-machine-connections-market-3818
TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- M2M Communication Market, By Segments
- Competitive Analysis
Continued…
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
The global M2M communication market is expected to exhibit a strong 10% CAGR over the forecast period from 2016 to 2022, according to the latest research report from Market Research Future (MRFR).
The report presents a detailed overview of the global M2M communication market’s historical and present growth trajectory, and makes accurate forecasts as to the market’s likely growth trajectory over the forecast period.
M2M communication is a suite of technologies by the use of which machines and sensors can relay data to each other, leading to corresponding actions in the machines.
The widespread applicability and functionality of IoT tools has led to widespread adoption of IoT technology in recent years, increasing the commercial scope for the global M2M communication market in the process.
Growing demand for IoT in various industrial sectors is likely to be a major driver for the global M2M communication market over the forecast period.
Blood glucose monitors are among the most common health monitors used across the world.
M2M Communication Market, by Technology (Wired, Wireless), by Component (Wi-Fi, Sensors, RFID, Computer Software), by Application (Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation) - Forecast 2016-2022M2M Communication Global Market - OverviewThe global M2M communication market is showing immense growth; mainly due to the growing need for energy-efficient lighting systems.
M2M communication refers to connecting different machines of the same type other than smartphones, tablets, and wearables with each other.
On the other hand, lack of standardization and continued uncertainty around 4G LTE are major factors hindering the growth of M2M communication market.
Telecom regulator, TRAI has come out with proposals on machine-to-machine communications that include a new kind of permit for companies keen on providing services for this new form of technology.M2M Communication Global Market - Competitive AnalysisThe market of M2M communication appears to be highly competitive.
To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape.
Major players are investing on internal R and, most of all, in acquiring other firms.M2M Communication Global Market - SegmentationThe M2M communication market can be classified into 4 key segments for the convenience of the report and enhanced understanding;Segmentation by Technology: Comprises of Wired, Wireless and HybridSegmentation by Component: Comprises of Wi-Fi, Sensors, RFID, and Software among othersSegmentation by Application: Comprises of Consumer Electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation among othersSegmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.M2M Communication Global Market - Regional AnalysisNorth America is expected to witness a significant growth and hold the largest market share during the forecast period.
