MACHINE TO MACHINE CONNECTIONS MARKET ANALYSIS

Machine To Machine Connections MarketSize and Trends

Major factors driving the growth of machine to machine market connections is increasing penetration of internet. Moreover, advancement in technologies and increasing adoption of 2G, 3G, and 4G Long-Term Evolution (LTE) cellular networks are favorable for global M2M market growth. For instance, according to Internet World Stats, in June 2017, total internet users count was around 3.89 billion, which is about 51.7% of the global population. Furthermore, substantial penetration of short range wireless technologies, which includes Bluetooth, Wi-Fi, and ZigBee are further expanding the role of machine to machine connections globally. These wireless connectivity technologies enables real time communication. They have applications in healthcare for patient monitoring devices, car infotainment systems, and smart appliances.

Mobile, other connected devices including wearables, and social media are key factors responsible for the evolution of machine to machine connections and have also accelerated overall growth of the market. These enables a new way of real time communication in cost effective way. For instance, according to Coherent Market Insights’ analysis, in 2016, over 68% of global population was already using mobile phones and the count of M2M connections were around 192 million in 2014 as compared to over 70 million in 2010. Machine to machine connections transmit data between mobile devices and the cellular network.

Market Trends:

On the basis of technology, the global machine to machine connections market is segmented into:

• Wireless Technology
• Cellular Network
• 4G/LTE
• 3G
• 2G
• Short Range Network
• Wi-Fi
• Bluetooth
• Zigbee
• Wired Technology
• Ethernet
• Industrial

On the basis of end user industry, the global machine-to-machine connections market is segmented into:

• Healthcare
• Automotive & Transportation
• Consumer Electronics
• Utilities
• Retail
• Security & Surveillance
• Others