Machine-to-Machine technology is a very broad term which specifies that, the devices which can communicate through a type of technology and can perform actions without any manual assistance. This technology allows communication between both the wired and wireless systems.
Portland, OR -- (SBWIRE) -- 08/05/2017 -- They major driving factors of the technology are rising adoption rate of the M2M applications and penetration of various technologies such as 2G and 3G in the global market. The high cost of installation of this technology and its maintenance are some of the challenges faced by the market. With the increase in innovative solutions by several organizations, the market is expected to grow briskly. The various upcoming applications and the continuous up-gradation of technologies make this market lucrative and essential to study.
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Machine-to-Machine market analysis by Technology
The technologies used for M2M communications are 2G, Wi-Fi, Ethernet, Zigbee, Power-Line, etc. As the 2G technology is most commonly used, it has highest market share. Zigbee technology is expected to grow at increasing CAGR due to its benefits such as low cost, low power consumption, scalability & security of networks, and network resilience & ease of commissioning.
Machine-to-Machine market analysis by Components
The various components used in this technology are actuators, sensors, memory, RFID, Power and Communication modules. The most widely used component in the applications is sensors. Sensors in M2M communication gathers the data and sends it to network wirelessly where it is next routed
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Machine-to-Machine market analysis by Applications
The distinct sectors wherein this communication technology is used are Consumer electronics, Information Technology (IT), retail, transportations & automotives, healthcare, security and surveillance.
Machine-to-Machine market analysis by Geography
The research is carried out in different regions such as North America, Europe, Asia Pacific and RoW. The North America, due to its technological advancements, currently it is the most advanced region and it has highest number of smart homes solutions with 3.5 million systems installed till 2013. Hence this region is expected to grow faster than other regions.
MACHINE-TO-MACHINE MARKET KEY DELIVERABLES
The global M2M market can be segmented based on components, technologies, applications and geography.
MARKET BY TECHNOLOGY
MARKET BY COMPONENTS
- Power Modules
- Communication Modules
MARKET BY APPLICATIONS
- Consumer Electronics
- Information Technologies (IT)
- Transportations & Automotives
- Security and Surveillance
MARKET BY GEOGRAPHY
- North America
- Asia Pacific