Press release
Revenue from M2M Communication Market by Industry, Size 2033
M2M Communication Market
M2M communication is preferred by industries for business automation because it facilitates automated data transmission and measurement between mechanical or electrical equipment.
Machine Number Two IoT (Internet of Things) technology cannot exist without communication. As more and more physical objects employing M2M technology form a common communication network, the relevance of M2M communication in the global digitalization process is growing. The M2M communication technology is also being used by suppliers and customers since it offers them new business prospects.
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M2M Communication Market: Drivers and Restraints
M2M communication helps the computers and electronic devices which are used for storing a large amount of information as it unable machines to have better connectivity and sharing capacity with all objects and physical devices connected to them. This application of M2M communication is the prime factor driving the global M2M communication market.
Also, the rising demand for establishing the automated communication between the mechanical, electrical, environmental as well as electronic properties is responsible for increasing the demand for the M2M communication globally.
Some of the application of the M2M communication such as establishing better connectivity as well as higher sharing capacity with objects and all physical devices is also responsible for the growth of the M2M communication demand. On the other hand, lack of technical skills, unavailability of quality services in the developing region is the major challenge for the growth of the M2M communication market.
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Global M2M Communication Market: Market Segmentation
basis of industry - Energy, Agriculture, Healthcare, Retail, Transportation
basis of the application - Energy Monitoring, Asset management, Supply Chain, Automation, Diagnostic
basis of the region - North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa
Key geographies evaluated in this report are:
North America - U.S, Canada
Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC - China, India, Japan, Australia, Others
Latin America - Argentina, Brazil, Others
Global M2M Communication Competitive Landscape
The major vendors in the M2M Communication market solutions providers include Omoco, Aries, AT & T Inc., Cisco Systems, Inc., Intel Corporation, Vodafone Group and Singapore Telecommunications Limited. These are the global provider of the M2M communication solutions. These companies constantly focus on delivering advanced features for customers in their M2M communication.
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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