Press release
M2M Communication Market: Asia Pacific has high potential for growth of M2M applications
The machine to machine technology, also known as M2M is a type of data communication between the systems or machines. The systems enabled with M2M applications do not need any human intervention for functioning and the machine communicates with each other. There is high scope for the Machine to Machine Communication Market owing to emerging platforms such as IoT for use of machine to machine technology during 2016-2021Scope and Regional Forecast of the Machine to Machine Communication Market:
According to the IndustryARC research analysis studies on the Machine to Machine Communication Market, North America is the leading region and it is expected to continue the course through 2021 owing to the high implementation of machine to machine applications in various end user industries.
Europe is expected to witness healthy growth in the Machine to Machine Communication Market for industrial development as well as infrastructural growth. Transportation, security and surveillance and warehouses are expected to be the major end users during 2016-2021.
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Asia Pacific is very potential region for the Machine to Machine Communication Market due to the presence of populated countries such as China and India, improving economic conditions and rise in industrialization in this region during 2016-2021.
Segmentation and Key Players of the Machine to Machine Communication Market:
The Machine to Machine Communication Market is segmented into various categories in the IndustryARC marketing research report by technology, by users and by geography as follows:
By technology: Wired Technology (Ethernet, Industrial Ethernet), Wireless Technology (Wi-Fi, Bluetooth and ZigBee), Cellular (GSM, GPRS, CDMA, 2G, 3G and 4G/LTE) and Satellite
By end user industry: Manufacturing, Healthcare, Security & Surveillance, Automotive & Transportation / Logistics, Oil & Gas, Consumer Electronics, Warehouse Management, Agriculture and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Machine to Machine Communication Market according to the IndustryARC research report are as follows:
• AT&T (U.S.)
• Verizon (U.S.)
• Vodafone (U.K.)
• Telefonica (Spain)
• Telit Communications (U.K.)
The M2M Machine to Machine Communication Market is a high potential market with wide scope of applications for the use of M2M platform and M2M technology in various end user industries across the globe. This market is expected to witness rapid growth owing to the increasing investment for the development of M2M communications for M2M solution for business issues, to improve infrastructure and M2M network by M2M companies in various regions across the globe during 2016-2021.
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