The global machine to machine (M2M) market is growing at a considerable rate due to the increasing adoption of machine to machine technology in telematics and telemetry related applications, users’ migration from second generation (2G) to third generation (3G) and fourth generation (4G) networks, and regulatory mandates. Growth of the connected car market, strategic partnerships with system integrators and emerging applications in different industries are expected to provide ample growth opportunities to the machine to machine market in the coming years.
Most of the technologies except wearable devices, tablets and smartphones, which permit the machines to communicate among themselves with the help of wireless and wired technologies are referred to as machine to machine technology. Organizations accomplish greater flexibility and high revenue margins with reduced risk, end to end solutions and lower energy consumption with the help of machine to machine communications.
The machine to machine communications supports the organizations to keep track of security and safety of the data and connected devices through 24×7 monitoring, remote access, and automated emergency response. The machine to machine technology supports governments and businesses to enhance IT efficiency in terms of enterprise resource planning, automated beats per measure, and streamlining of customer relationship management. The data in machine to machine technology flows among devices and then to the consumers, so no human involvement is required in the process.
On the basis of technology, the machine to machine market can be categorized as wireless technologies, wired technologies and cellular technologies. Wireless technologies include ZigBee, Bluetooth and wireless fidelity (Wi-Fi); wired technologies include industrial Ethernet and Ethernet; and cellular technologies include second-generation (2G), third-generation (3G) and fourth-generation (4G) or long term evolution (LTE). ZigBee is expected to grow with the highest rate among wireless technologies in the coming years. The wireless fidelity (Wi-Fi) leads the wireless technologies market; however, its share is expected to decrease in the coming years. Among cellular technologies, 2G market is expected to decrease in the coming years owing to the increasing adoption of 3G and 4G.
Some of the factors restraining the growth of the machine to machine market are include lack of awareness about this technology among consumers, lack of standardization, and privacy and security concerns.
Some of the competitors in the machine to machine market are Cisco Systems Inc., Deutsche Telekom Ag, Telit Communications, Kore Wireless Group, AT&T Inc., Jasper Technologies Inc., Intel Corporation, Verizon Communication Inc., Texas Instruments, Sprint Corporation, China Mobile Ltd., Vodafone Group PLC, Telefonica, S.A., Sierra Wireless Inc., and Gemalto NV.
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