Presence of Cloud Computing Strongly makes Machine To Machine Market to Grow Rapidly

2024-12-23 11:51:30 News & Society

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Machine to Machine (M2M) is a broad term coined by industry analysts to define the technology that allows wireless and wired systems to communicate with other similar devices. With the help of sensors, cellular, or Wi-Fi communications link and autonomic computing software, machine to machine technology receives signals, transmits them further to another network, and finally processes the data into relevant information. The report provides an overview of the machine to machine market and lists down its key drivers, restraints, future opportunities, and the latest trends. By assessing the effect of Porter?s Five Forces on the market, the report forecasts the value of the market by the end of 2018. The report analyzes the various growth factors on the basis of data collected from several industry sources and provides insightful information about the overall market.

Discussing the vendor landscape of the global machine to machine market, the report mentions the key industry players and the fierce competition prevailing in the market. Insightful information about the industry players has been detailed in the report, along with their SWOT analysis.

Overview of the Machine to Machine Market

Ethernet, Zigbee, 2G, and 3G technologies are some of the major machine to machine technologies in today?s world and are used extensively in various fields such as the medical and healthcare industry, vehicular tracking, vehicular infotainment, and digital signature and authentication. The increasing presence of cloud computing is also pushing the market growth. However, the report points out that the huge investment required initially for establishing machine to machine technology holds back many potential players as well as customers. Low level of technical awareness, coupled with certain operational constraints, has restricted the market growth in underdeveloped nations.

The report divides the global machine to machine market into four key regional segments: Asia Pacific, North America, Europe, and Rest of the World. The U.S. and the UK are the major markets contributing towards the global machine to machine market due to the high degree of technological advancements in these regions. The emerging economies in Asia Pacific will lead the increased demand for machine to machine technology in the coming years. The report terms Asia Pacific as the key region to grow during the forecast period between 2012 and 2018. 3

Companies mentioned in the research report:

The report mentions the key players of the global machine to machine market, including Cisco Systems, Axeda Corporation, Atmel Group, Infeneon Technologies AG, Cypress Semiconductor Corporation, Freescale Semiconductor Inc, Novatel Wireless, Numerex Corp, NEC Corporation, and NTT DOCOMO Inc. The global machine to machine market has witnessed some acquisitions recently, with the giant players looking to capitalize on the various technologies developed by small and medium firms. The industry has been organizing various events such as the M2M World Congress to invite the key players to discuss the prospects of machine to machine technology in the near future.

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