M2M Market Growth, Industry Trends To 2020 by Grand View Research, Inc.

M2M (Machine to Machine) Market Analysis, Market Size, Application

Analysis,

Regional

Outlook,

Competitive

Strategies And Forecasts, 2014 To 2020

Surging demand across several applications areas including consumer electronics, healthcare, utilities, automotive and retail is expected to drive the global M2M market growth. Additionally, growing demand in the IT & telecom sector is also expected to fuel market growth over the forecast period. Emergence of cloud computing and increasing smartphone penetration is also expected to positively impact the M2M market growth over the next few years. The technology has gained considerable significance, and has emerged as a source of connection growth for several mobile operators.

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Furthermore, in order to achieve economies of scale and efficiency across M2M service delivery, several operators are emphasizing on developing cross vertical horizontal enablers in area of data analytics. The M2M market is poised for substantial growth as the technology enables information or data transfer to remote location, thereby allowing effective monitoring and control. Several factors including the need to enhance core business processes, network accessibility and improving revenue streams are expected to drive market growth. Additionally, the market is also expected to witness growth owing to regulatory mandates across several countries that focus on expediting M2M integration.

For e.g.: smart home/smart meter adoption driven by green initiatives. Prices of end devices, network operators, platforms along with connectivity costs are declining, on account of which M2M solutions are expected to become more mainstream.The M2M market exhibits high growth projections; however the related ecosystem is not able to keep up pace complex technical requirements, and may hamper market growth. Key industry participants include Cisco Systems Inc., Atmel Corp., Schneider Electric and Infineon Technologies AG. As a part of their growth strategy M2M vendors emphasize on providing integrated solutions to their clients.

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