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.
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.
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
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.
The top competitors in the market are adopting partnership strategies with various other organizations. For example, one of the major market players, AT&T extends its M2M services with Axeda Corporation to reduce their M2M applications time to market and will help in designing innovative applications.
Some other major players in this market are Verizon Communications, Inc., AT&T, Inc., Vodaphone Grp., Rogers Communication, Axeda Corp., Atmel Corp, Cisco Systems, Imetrik Machine to Machine solutions, Inc., Cypress Semiconductor Corp, Infineon Technologies, Freescale Semiconductor, Inc., NEC Corp. NTT Docomo, Inc., and Novatel Wireless, Inc.
High Level Analysis
The research provides widespread view of the global market. Porter’s five force model helps in identifying stakeholders and their strategic moves. The bargaining power of buyer is relatively high as various companies extending their services to the customers. Since there is no one key player dominating the market, the bargaining power of suppliers is low. The threat of substitutes is low and inter-firm rivalry is high. The threat of new entrants is high. The value chain analysis includes mapping of operational activities and assessing the efficiency and effectiveness of those operations to reduce costs and improve quality. This would benefit the new entrants in knowing the value chain of the existing market.
The global M2M market can be segmented based on components, technologies, applications and geography.
MARKET BY TECHNOLOGY
MARKET BY COMPONENTS
MARKET BY APPLICATIONS
MARKET BY GEOGRAPHY
SIMILAR MARKET STUDIES
Contactless Payments Market by Device Type (Mobile Handsets, Point of Sale Terminals, NFC Chips, Smart Cards, and Others) and Industry Vertical (BFSI, Retail, IT & Telecom, Transportation, Hospitality, Government, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
The Internet of Things (IoT) technology has transformed the way of interaction globally. Likewise, Radio-Frequency Identification (RFID) and Near Field Communications (NFC) have aided in making payments safer and secure. Contactless payment systems comprise smart cards or other devices that integrate RFID or NFC technologies to make secure and contactless ...
July 2017 | $5370 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research