Machine-to-Machine (M2M) Communication Market Global Key Leaders: Aeris communication, AT&T, Singtel Group, Telefónica, China Mobile, Sierra Wireless, Numerex Corp

Market Highlights:

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.

According to a recent study report published by Market Research Future, The global market of M2M Communication is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023). Technological advancements and growing demand for public safety networks is boosting the growth of M2M communication market. Also, increasing demand for M2M communication from transportation and healthcare is another major factor driving the market growth. The M2M Communication market is highly competitive due to the increase in implementation of cloud based technologies and developments in the field of internet of things. On the other hand, lack of standardization and continued uncertainty around 4G LTE are major factors hindering the growth of M2M communication market. Also, getting consumers to pay more for enhanced connectivity and need for integrated M2M solutions are other factors that may hamper the growth M2M communications market.

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Major Key Players

• Aeris communication. Inc. (U.S.),
• AT&T, Inc. (U.S.),
• Deutsche Telekom AG(Germany),
• Cisco Systems Inc. (U.S.),
• Telenor Group(Norway),
• KORE Wireless Group(U.S.),
• Intel (U.S.),
• Rogers Communications Canada, Inc. (Canada),
• Singtel Group (Singapore),
• Texas Instruments (U.S),
• Vodafone Group plc.(U.K.),
• Verizon Communications, Inc.(U.S.),
• Sprint Corporation(U.S.),
• Telefónica, S.A.(Spain),
• Numerex Corp.(U.S.),
• Sierra Wireless (Canada),
• Orange S.A.(France)
Hence, Globally the M2M Communication market is expected to grow at ~10% CAGR (2016-2022).

Industry Trend:

The U.S. has significantly kickstarted the trend of implementing M2M communication in vehicles to take the automotive industry to the next level. This new vehicle-to-vehicle communication would help in increasing traffic safety.
ÅAC Clyde in collaboration with Kepler Communications has designed 6U machine-to-machine communications to improve satellite communication services. The new platform has been named TARS.

Competitive Analysis

The 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. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Segmentation:

The global M2M communication market can be segmented by technology, component, and application.
By technology, the machine-to-machine communication market can be segmented into wired, wireless and hybrid.
Based on components, the machine-to-machine communication market includes wi-fi, sensors, RFID, software, and others.
Application-wise, the machine-to-machine communication market comprises consumer electronics, healthcare, retail, automotive, utilities, home automation, and others.
Detailed Regional Analysis
In the M2M communication industry context, The North American region is controlling the market owing to the prospects accessible for M2M communication by mobile operators which will grow the connection and revenue of this industry. In terms of the revenue generation context, The U.S. is driving the market in the North American region owing to the increasing demand of high-speed networks and cloud based services in the U.S. that allows analysis, easy access and handling of stored data transactions to aid clients to develop their business processes.

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On the other hand, the European market is estimated to record vigorous progress in the Machine to Machine Communication sector owing to industrial expansion as well as infrastructural development. The M2M Communication industry is also growing owing to the high adoption rates in security, transportation, warehouses and surveillance among others. Due to these factors, the European markets is the second biggest market for M2M Communication. The Asia-Pacific region has appeared as a swiftly developing market owing to growing implementation of digital solutions such as smart meters and smartphones in India and China. The improving economic circumstances, increase in industrial growth and initiatives by the government such as ‘Digital India’ are also supporting the market development favorably.

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This release was published on openPR.