Global Machine to Machine (M2M) Market worth $85.96 Billion by 2017: MarketsandMarkets

Informations

• Publié par: marketsandmarkets
• Nombre de lectures: 16
• Langue: English

Extrait

Global Machine to Machine (M2M) Market worth $85.96 Billion by 2017: MarketsandMarkets

PR Newswire DALLAS, September 5, 2012

DALLAS,September 5, 2012/PRNewswire/ -- According to a new market research report,"Machine to Machine (M2M) Market Global Forecast & Analysis (2012-2017) by Hardware Components, Technologies & Applications"published by MarketsandMarkets (http://www.marketsandmarkets.com), the total M2M market is expected to reach$85.96 billionby 2017 at a CAGR of 26.1% from 2012 to 2017. Browse 83 tables spread through 195 pages and in-depth TOC on"Machine to Machine (M2M) Market Global Forecast & Analysis (2012-2017) by Hardware Components [Sensors, Actuators, RFID, Memory, Processor & ADC/DAC, Power Module, Communication Module], Technologies [2G, Ethernet, Powerline, ZigBee, Wi-Fi] & Applications [Consumer Electronics, Automotive & Transportation, Retail, Utilities, Security & Surveillance, Healthcare]". http://www.marketsandmarkets.com/Market-Reports/machine-to-machine- market-732.html Early buyers will receive 10% customization on reports. The Machine to Machine market has been witnessing rapid growth in the past 2 to 3 years. This is mainly attributed to the rise of cloud computing technology and smartphones market. In addition, there have also been growing numbers of regulatory mandates in favor of M2M technology, which, in turn, have been driving M2M-based innovations for use across different applications. However, lack of technology awareness and the initial high cost associated with the development and deployment of the solution are slightly hindering the market growth. Some of the key hardware components used in the development of M2M solution include sensors, actuators, RFID, memory, power module, and communication module. The communication module is observed to hold the highest share in the M2M market and expected to grow at the highest CAGR of 32.4% from 2012 to 2017. With respect to the technologies utilized to achieve communication, 2G networks are widely deployed as they offer sufficient bandwidth and extend support to a variety of low-cost embedded data networking modules. While this technology holds the highest share of 35.5% as of 2011, ZigBee is expected to grow at the highest CAGR of 33.8% from 2012 to 2017. This was mainly attributed to its benefits such as low power consumption, low cost, and fast connection time for end devices. Amongst the different application sectors that utilize M2M-based solutions, consumer electronics sector provides the most potential opportunities followed by automotive and transportation. With rise in government regulations to ensure the safety and security of the inmates of vehicles, automotives and transportation sector is expected to grow at the highest CAGR of 33.5% from 2012 to 2017. The concept of partnerships amongst embedded device manufacturers, solution roviders,and M2M network oerators has emered as alobal

ecosystem in the M2M market. This, in turn, is expected to leverage their sales and marketing channels. The M2M market space is observed to provide low marketing cost and longer life cycles. Mobile network operators (MNOs) are expected to be highly benefited by this market with loads of potential growth opportunities. The global M2M market is expected to grow from$21.52 billionin 2011 to $85.96 billionin 2017 at a CAGR of 26.1% from 2012 to 2017.Asia-Pacificis observed to have the highest growth rate. This is mainly attributed to the growing technology awareness and rapid fall in availability of human labor for execution of critical tasks. In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth. The report draws the competitive landscape of the M2M market, providing an in- depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over their competitors.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com Contact: Mr.Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800,Dallas, TX75252 Tel: [phone] Email: [e-mail] MarketsandMarkets Blog http://www.marketsandmarkets.com http://twitter.com/marketsmarkets