Market Synopsis of M2M Communication Market:
The Machine to Machine (M2M) communication is a type of data communication technology that enables the devices such as sensors or meter to share information automatically with other devices and perform necessary action through a network which can be wired, wireless or hybrid without human intervention. M2M communication is often used for remote monitoring to capture an event and transfer data between mechanical or electronic devices.
M2M communication provides various features of such low power consumption, low cost, infrequent and small data transmission, two way communication, low processing power, reliability and flexibility among others.
The M2M communication market is growing rapidly and being adopted in many sectors such as Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation among others.
The M2M Communication forms the base of Internet of things (IoT) technology and due to the rising demand of Internet of things (IoT); the M2M Communication Market is also expected to show an exponential growth.
These are the key factors that have acted as driver for the M2M Communication market.
Hence the market for M2M Communication is expected to grow at ~10% CAGR (2016-2022).
However, the high initial investment associated with development and deployment of M2M communication Solutions and Lack of technology awareness is hindering the growth of the market. Security and privacy is also the main concern due to increase in data transfer wirelessly with limited battery life are also some of the restrain factors for M2M Communication Market.
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Study Objectives of M2M Communication Market:
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global M2M Communication Market
To provide insights about factors affecting the market growth
To analyze the M2M Communication market based on various factors- supply chain analysis, porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by technology, component, Applications and sub-segments.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global M2M Communication Market.
Global M2M Communication market has been segmented on the basis of Technology, Component, and Application. The Technology has been identified as Wired, Wireless and hybrid whereas Component consists of Wi-Fi, Sensors, RFID, and Software among others. The application comprises of Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation among others.
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