The global cellular machine to machine (M2M) market is expected to show rapid growth over the specified period of time owing to growing number of regulating mandates. It is used for connecting, monitoring, actuating devices and remote sensing. European Union (EU)’s mandate for inclusion of automotive safety systems such as eCall in all new vehicle models is expected to contribute to revenue growth of industry players.
Hardware components required for efficient connection are actuators, sensors, RFID, communication module, memory and power module. The technology used for M2M applications to ensures device connectivity include LTE, 2G, 3G, 4G, MAN and satellite connection.
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It is also considered as integral part of “The Internet of Things”. Growth of cloud computing is expected to derive industry demand over the forecast period. Increaseing use of smart-phone is also anticipated to propel its growth. High broadband usage, fast connection between end to end device, low cost and low power consumption is expected to favor industry in the upcoming years.
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Increase in its application in various verticals is anticipated to propel its demand over the forecasted period. Standardization of IPv6 and rapid technology shift towards 3G or 4Gis anticipated to drive industry growth over the forecast period. Vendors and service providers are expected to deploy innovative strategies and increase technology offerings to enhance customer value proposition. Telecom industry players are focusing on it and offering customized offerings for different industry verticals.
Increasing digital content and the need to manage it is expected to surge revenue growth over the forecast period. Alliances across analytics software, communication hardware and software specialists, and mobile operators are expected to favor industry. Ericsson and SAP are expected to collaborate with mobile operators to provide one stop cloud-based M2M solution.
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