About M2M Communications
Direct connection between devices utilizing any communications channel, including wired and wireless, is known as machine-to-machine communication. Industrial instrumentation can utilize the machine to machine communication to allow a sensor or meter to send the data it collects to software that can use it.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD N) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global M2M Communications market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AT&T (United States), Cisco (United States), Gemalto (Netherlands), Honeywell International (United States), Intel (United States), M2M Group (United States), Symmetry Electronics (United States), Jasper Technologies Inc. (United States), Sierra Wireless (Canada), Sprint (United States), Telit Communications (United Kingdom), Texas Instruments (United States) and T-Mobile (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Verizon Communications Inc. (United States), Vodafone (United Kingdom) and Aries communications. Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global M2M Communications market by , Application (Supply Chain, Asset Management, Diagnostic, Agriculture, Transportations and Others) and Region.
On the basis of geography, the market of M2M Communications has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Wire will boost the M2M Communications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Healthcare will boost the M2M Communications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Sensors will boost the M2M Communications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Digitalization of Advance Network Virtualization will Boost the M2M Communications Market
Market Growth Drivers:
Demand for Smart Grid in Utility sector’s is driving the M2M Communications Market and Increasing Demand for telematics in Automotive Industry
Challenges:
Lack of Technical Skills is Big Challenge in M2M communications Market and Security and Privacy Concern Due to Rise in Data Transfer Wirelessly is Hindering the Growth of the M2M Communications Market
Restraints:
Unavailability in Quality of Service in Developing Region and Requirement of High Initial Investments is Poised for M2M Communications
Opportunities:
Expanding Industries such as Utilities and Automotive & Transportation are High Growth Areas for M2M Communications Market and Low Power Consumption, High Reliability, and Quick Flexibility Boost the M2M Communications Market
Market Leaders and their expansionary development strategies
In September 2020, Symmetry Electronics, a prominent global distributor of wireless, IoT, and video technologies announced a distribution partnership agreement with Signetik, a 14-year embedded solutions supplier specialized in embedded technologies and IoT devices. In this agreement partnership, Symmetry Electronics is licensed to offer Signetik products to the customers under this arrangement. With product options spanning from gateways to modems to sensors, Signetik offers modular IoT solutions that support Cellular, LoRa, Bluetooth, and Wi-Fi. With their broad software package, Signetik also aids engineers in achieving a rapid time-to-market. They are dedicated to providing high-quality items and exceptional customer service.
“As per ESTI TS 102 689 Machine to Machine communication, the M2M System must be able to facilitate communication between M2M Applications in the Network Domain and M2M Device Domain utilizing a range of communication techniques based on IP Access. The M2M System should encapsulate the underlying network structure, including any network addressing mechanisms utilized; for example, whether using IP static or dynamic addressing, session setup should be feasible. By providing simplified authentication methods for trustworthy M2M Applications, the M2M Core may be able to manage service request replies for these applications. Trusted apps, which have been pre-validated by the M2M Core, may be supported by the M2M system.”
Key Target Audience
M2M communications Manufactures, M2M communications Distributors and Suppliers, M2M communications International Traders, Research and Development Institutes, Upstream and Downstream Buyers, Financial Institutes and Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.