GVR Report cover Machine-to-Machine Applications Market Size, Share & Trends Report

Machine-to-Machine Applications Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Report ID: GVR2121
  • Number of Pages: 0
  • Format: Electronic (PDF)

The global machine-to-machine applications market is estimated to witness considerable growth over the forecast period owing to the proliferation of smartphones and cloud computing technology. The machine-to-machine (M2M) applications provide longer lifecycles and low marketing costs on account of sensors, cloud apps, and wireless networks. Mobile network operators are projected to be highly profited by potential growth opportunities and regulatory mandates in favor of M2M technology. This is anticipated to be the key driver for M2M-based innovations for various applications over the next six years.

The various application segments, where M2M application solutions are utilized include automotive & transportation, consumer electronics, utilities, retail, surveillance, security, and healthcare. Many initiatives are being made by the government as well as companies to boost awareness levels. Rising government regulations to ensure the security and safety levels in the automotive and transportation sector is expected to foster M2M apps market growth. Escalating demand for innovative solutions is anticipated to gradually decrease the solution costs in the market over the next six years.

Conventional M2M solutions depend on point-to-point communications with the support of embedded hardware modules and cellular networks. The advanced M2M applications rely on on-device data and IP-based networks. Basic hardware constituents used in the development of M2M applications are actuators, sensors, memory, power module, and communication modules. The M2M applications technology obtains signals, transfers them further to an alternative network, and processes the data into relevant information with the help of autonomic computing software.

Some of the major market drivers include regulatory mandates, the launch of 4G technology, and the penetration of 3G technology. Government support is crucial for integrating machines and allocating queries to the point of contact for smarter work. M2M applications are implemented extensively in several fields such as the healthcare and medical industry, vehicular tracking, digital signature, vehicular infotainment, and digital authentication. Growing adoption of cloud computing technology is also projected to favorably impact the market expansion. Execution and establishment of standards, regulations, and protocols are the major issues in the M2M applications market.

The market is estimated to be restrained by factors such as phasing out of 2G technology and unfavorable governance. Sense of security and customization of technology for all the data available and accessible through the internet may further hinder the market augmentation over the forecast period. High initial costs associated with the deployment and development of the solution and lack of technology awareness are anticipated to hamper the market growth. Various operational constraints coupled with several technical glitches are projected to adversely impact market growth in emerging nations. The M2M applications need to develop robust and cost-effective technology-enabled devices having integrating capabilities in order to run on any technology platform.

On the basis of components, the market is divided into RFID, support, technology, security, and network communications. The network communications segment is estimated to grow at a significant rate over the next six years. Some of the major technologies exploited for communication purposes are Ethernet, 2G, Wi-Fi, ZigBee, and Power Line. The 2G technology and ZigBee technology are projected to grow exponentially owing to low costs, low power consumption as well as a fast connection for end devices.

The machine-to-machine apps market in North America is estimated to have the significant growth owing to a high degree of technological advancements in the region. The U.S. and UK are expected to have a significant market share over the forecast on account of high technical developments in these countries. Europe is also anticipated to show considerable growth in the market over the next six years. Emerging economies in the Asia Pacific such as South Korea, China, India, and Japan are projected to be the dominant regional markets over the forecast period.

The machine-to-machine applications market is dominated by major vendors such as Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., Cisco Systems Inc., Google Inc., Gemalto NV, Freescale Semiconductor Inc., Intel Corporation, IBM, Axeda Corporation, Infeneon Technologies AG, Atmel Group, and Cypress Semiconductor Corporation. Notable players in the market are looking forward to capitalizing on various technologies developed by medium and small firms through acquisitions.

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