The global Internet of Things (IoT) and Machine-To-Machine (M2M) market is segmented into four major categories, on the basis of technology and platforms into Radio frequency identification.The market is driven by factors such as the government driven technology, and ubiquitous connectivity.
Albany, NY -- (SBWIRE) -- 11/25/2016 -- A new research study by Transparency Market Research (TMR) offers an in-depth analysis of the Internet of Things (IoT) and machine-to-machine (M2M) market across the globe. The research report, titled "Internet of Things (IoT) and Machine-To-Machine (M2M) Communication Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast, 2013–2019," provide a comprehensive overview, emphasizing on the current trends, opportunities, regulatory framework, technological advancements, and growth prospects of the market.
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According to the research study, the global Internet of Things and machine-to-machine communication market is projected to grow at a robust pace with growing demand for cloud-based platforms. The extensive use of wireless networks and sensors in diverse applications is projected to fuel the growth of the overall market in the coming years. In addition, key players in the market are taking notable efforts to improve the connectivity for communication, thus driving the demand for advanced IoT and M2M communication products and services. Moreover, constant support and favorable regulatory framework offered by different governments are expected to encourage the growth of the market in the near future.
On the flip side, several concerns related to security and privacy of data and lack of uniform governance standards are estimated to restrict the growth of the global market. Moreover, the lack of data management and interoperability and absence of skilled professionals are hampering the growth of the market. Nonetheless, the deployment of innovative devices and the growing focus on new ideas for market penetration are estimated to offer several growth opportunities for players in the near future.
The global Internet of Things and machine-to-machine market has been categorized on the basis of technology and platform into complex event processing, radio frequency identification , zigbee, and information and discovery services, supervisory control and data acquisition, and sensor nodes, gateways, cloud management, near field communications. By M2M connections and modules, the market has been divided into sim-cards, module types, and network connections. Furthermore, the global Internet of Things and machine-to-machine communication market has been segmented into IoT components, applications, and geography.
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The leading players operating in the IoT and M2M communication market across the globe include International Business Machines Corporation, Cisco Systems, Inc., Gemalto Nv, Qualcomm Incorporated, Huawei Technologies Co. Ltd., AT&T Inc., Nxp Semiconductors Nv, Intel Corporation, Google, Inc., and Alcatel-Lucent S.A. The research study offers a thorough vendor analysis, focusing on the key strategies and policies that have been adopted by the leading players to offer a clear picture of the market. In addition, the product portfolio, financial overview, SWOT analysis, and recent developments have been highlighted in the study.
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