MACHINE TO MACHINE CONNECTIONS MARKET ANALYSIS

Regional Analysis

Machine to Machine Connections Market: Regional Insights

The global machine-to-machine connections market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market for machine to machine connection in Asia Pacific region accounted for largest share of the global machine to machine connections market in 2016. This growth is attributed to explosion of smart devices. China manufactures inexpensive sensors, which are responsible for increased penetration of smart devices such as wearable devices and smart home appliances. These smart devices collects data and zap is wirelessly connected to the internet, owing to increased number of smartphones utilization, which is propelling the demand for regional machine to machine connections. According to the State of Social Media and Messaging in Asia Pacific: Trends and Statistics published by RVC, a state fund of funds and the development institute of the Russian Federation, in 2016, around 3.42 billion internet users were representing around 46% of global population, 2.31 billion social media users were there delivering 31% of global penetration, and 1.97 billion mobile social media users were there equaling 27% of global penetration in Asia Pacific region.