NEW YORK, May 2, 2016 /PRNewswire/ -- Machine to Machine (M2M) communication is a type of data communication that involves one or more entities which do not require human intervention. It typically refers to the communications between computers, smart sensors, processors, actuators and mobile devices without or with minimum human intervention. This system derives its roots from telemetry technology with features of automatic data transmissions and measurement from remote sources via cable or radio. M2M communication uses a wide range of technologies to develop intelligent assets. It is a combination of sensors and other electronic devices attached to a remote machine.
M2M systems are customized systems and depending on the machine's function they capture the required data such as temperature or speed. This data is then transmitted wirelessly from the device to central server and meaningful information is extracted from it. Finally, response messages are sent to the machine to initiate the required changes.
The report has been divided based on technology which includes wired, wireless, cellular and satellite technology. This is subsequently followed by market segmentation based on end user industry, namely: healthcare, security & Surveillance and warehouse management among various others. Detailed analysis of regions such as Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) has also been provided to give a comprehensive analysis of the market.
In 2015, Americas was the biggest market for machine to machine communication closely followed by Europe. APAC region is projected to have a steady growth during the forecast period; whereas, it is forecast that Americas will retain its position. Wi-Fi networks held the largest market share in 2015 followed by 2G network which is heading towards declination. The migration from 2G networks to 3G and 4G networks worldwide and standardization of IPv6 are some of the key reasons for the growth of this technology.
The M2M Communication market report includes pricing and value chain analysis separately to provide key insights and market scenario. Forecasts are also provided for all the market segments for the period 2016-2021.
Major players in the global M2M communication market are
Telit Communications (U.K.) among others.
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