Machine
to Machine also known as M2M, is a cumulating set of technologies
which combines both wireless and wired network systems for
communicating with other devices. The basic components of M2M systems
are a sensory device which grabs signals and transmits them further
to a network which could be both wireless as well as wired; an
application software to process such data and finally into a relevant
information. Certain major machine to machine technologies which are
currently in vogue are 2G and 3G technologies, Wireless Fidelity
(WiFi), Ethernet, ZigBee etc.
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Machine
to machine technology has vast application in the fields of vehicular
infotainment, medical and healthcare industry, GPS or vehicular
tracking, digital signature and authentication etc. Some of the major
drivers of this market are the current relevance of high tech
applications like 3G and 4G technology and usage of various
technological applications. Whereas the need to follow regulations
created by authorities and increasing scope of cloud computing is
also driving this market.
There
are also certain holdbacks of this market. They are - requirement of
huge sums of money for initial investment, low level of technical
awareness in underdeveloped nations and certain inoperability
constraints. However with growing implementation of this technology,
it is expected that these restraints can be overcome. Increasing
usage of computers and other IT applications in almost every industry
can be viewed as a potential opportunity for the machine to machine
market.
Owing
to high technological advancement and technical awareness in
developed nations, countries like the U.S. and U.K. are the largest
market for this technology. Europe also follows a similar trend.
Emerging nations of Asia Pacific also hold tremendous growth
potential in the machine to machine market.
Some
of the major players of this market are Axeda Corporation, Atmel
Group, Cisco Systems, Freescale Semiconductor Inc, Infeneon
Technologies AG, Cypress Semiconductor Corporation, NEC Corporation,
Novatel Wireless, Numerex Corp, NTT DOCOMO Inc etc.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
market research report analyzes important market segments, and major
geographies. This report is a complete study of current trends in the
market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent
developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a
review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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