According to the report, global machine to machine market was valued at approximately USD 18.96 billion in 2016 and is expected to reach approximately USD 25.24 billion by 2022, growing at a CAGR of around 5.3% between 2017 and 2022.
New York, NY, May 17, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Machine to Machine Market by Technology (4G/LTE, Wi-Fi, Ethernet, Power-Line and Others), by Component (Actuators, Sensors, Memory, RFID, Power and Communication Modules) for Consumer Electronics, Information Technology (IT), Retail, Transportations & Automotives, Healthcare, Security and Others – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022”. According to the report, global machine to machine market was valued at approximately USD 18.96 billion in 2016 and is expected to reach approximately USD 25.24 billion by 2022, growing at a CAGR of around 5.3% between 2017 and 2022.
Machine to machine refers to connecting, monitoring, remote sensing, and actuating devices in communication network system. It includes wired or wireless direct communication between devices through a communication channel without the need for human interaction. This concept initiated the Internet of Things (IoT) vision such as a network of sensors, appliances, smart devices, and application that can communicate through a communication channel. Transmission of data from one appliance to another is main work of machine to machine communication. Adoption of the machine to machine technologies is quicker as its less power consuming and availability of IP networks makes it feasible for use.
Browse through 43 Tables & 32 Figures spread over 110 Pages and in-depth TOC on “Machine to Machine (M2M) Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”.
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Increasing adoption of Internet of Things (IoT) in a wireless communication system and growing penetration of internet across the world is presently driving global machine to machine market. Along with it, growing use of a machine to machine connections across all the verticals such as consumer electronics, automotive, healthcare, and transportation also drives this market. Increasing use of wired and wireless connectivity across all the industry drives machine to machine market globally. In addition, increasing use of wireless connectivity enabled products such as wireless beacons, mobile point of sale (MPoS) devices, and patient health monitoring devices in the industry is expected to drive the growth of this market in the forecast period. In future, a strategic collaboration of machine to machine solutions provider with system integrators and companies providing networking solutions is expected to fuel the growth of this market. However, lack of standardized protocols in connectivity network is major factor restraining the growth of machine to machine market globally. Privacy and security concern of data that is transmitted over a communication network through devices is also another major factor restraining adoption of this technologies.
Machine to machine market is segmented on the basis of technology, component, application, and regional. All the application segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. Technology segment of this study includes 4G/LTE, Wi-Fi, Ethernet, power-line, and others. Further, actuators, sensors, memory, RFID, power and communication modules are major components analyzed in this market. On the basis of application machine to machine, the market is segmented into consumer electronics, Information Technology (IT), retail, transportations & automotive, healthcare, and security.
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In 2016, Asia Pacific held the largest market share in terms of revenue and is expected to grow with high CAGR from 2017 to 2022. Due to large industrial hubs and emerging telecommunication industries, the Asia Pacific region is further expected to witness the high adoption of the machine to machine communication technologies. Additionally, increasing adoption of change and development of IT sector by tech-savvy generation in Asia Pacific region makes this region market leader in machine to machine market among other regions around the globe. Also, growing adoption of the machine to machine services in transportation and automobile industries in the Asia Pacific region is driving this market. Increase in the awareness of potential benefits of machine to machine technology and related services across the Asia Pacific regions are expected to grow the market during the forecast period. Rapid economic development in the region, increasing citizen prosperity is playing a key role in the growth of this market.
In the North America region, increasing standardization in the machine to machine equipment manufacturing companies and testing firms is anticipated to fuel the growth of this market. Furthermore, due to innovation in technologies which benefit the stakeholders present in the machine to machine ecosystem these technologies are anticipated to witness large-scale adoption in the forecast period driving the North America machine to machine market. Additionally, increasing adoption of the machine to machine application solutions by North American companies in consumer electronics industry is driving the machine to machine market in this region. Strategic collaboration of machine to machine solution providers with system integrators and companies providing networking solutions in North America is further anticipated to fuel the growth of this market.
Browse the full ” Machine to Machine Market by Technology (4G/LTE, Wi-Fi, Ethernet, Power-Line and Others), by Component (Actuators, Sensors, Memory, RFID, Power and Communication Modules), Consumer Electronics, Information Technology (IT), Retail, Transportations & Automotives, Healthcare, Security and Others – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2022” report at https://www.zionmarketresearch.com/report/machine-machine-market
Operators such as Vodafone and Deutsche Telekom are seeking success in connected health market and this factor is expected to fuel machine to machine market in Europe.
Latin America, Middle East, and Africa these regions have moderate growth for the machine to machine market during the estimated five years. Shifting technological preference towards network connectivity and consumer appliances is expected to fuel the machine to machine market within the forecast period.
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The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Verizon Communications, Inc., AT&T, Inc., Vodafone Grp., Rogers Communication, Axeda Corp., Atmel Corp, Cisco Systems, Imetrik Machine to Machine solutions, Inc., Cypress Semiconductor Corp, Infineon Technologies, Freescale Semiconductor, Inc., NEC Corp., NTT Docomo, Inc., and Novatel Wireless, Inc.
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The report segments machine to machine market into:
Global Machine to Machine Market: Technology Segment Analysis
Global Machine to Machine Market: Component Segment Analysis
- Communication Modules
Global Machine to Machine Market: Application Segment Analysis
- Consumer Electronics
- Information Technology (IT)
- Transportations & Automotives
Global Machine to Machine Market: Region Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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