Machine to Machine Market to Show $25.24 billion by 2022

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 tomachine 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. 

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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. 

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. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S., France, UK, Germany, China, India, Japan, and Brazil.

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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. 

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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