M2M refers to machine
to machine communication between any devices, including wired as well as
wireless. It can include industrial instrumentation with a sensor to
communicate with the application software about the recorded data, viz
temperature, inventory level, no. of units, etc.
Therefore, the recent
M2M communication has turned into a system of networks that transmits data into
personal appliances. Proliferation of IP networks around the globe has enhanced
M2M communications.
The global scenario
for M2M communications is widening in emerging countries. Growing need for data
reliability and efficiency, embedded telecommunications have paved a way for
growth in the global market. Moreover, the decreasing cost of connectivity has
also enabled the vendors to adopt an inclined approach towards wireless
communications for its benefits. With cost-effective connectivity, the M2M
devices are utilized widely across various verticals especially in insurance
and automotive sectors. Even small scale enterprises are now adopting M2M value
added services to ensure vehicle safety and security of vehicles and drivers.
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As fleet management
market helps in tracking and monitoring details about driver, material location
and other important details about vehicles, it is another value added segment
that will boost the M2M value added services. Technologically, it uses GPS for
tracking and monitoring purposes in real-time. Marine sector is largely
benefitted by GPS and GIS technology too. GIS helps in enabling secured
transportation of freight and cargo. Enabling GPS technology in modes of
transport to spot geographic locations in real-time minimizes the costs and
damages too.
With all the crucial
factors mentioned above, the global cellular M2M market is projected to reach
at a higher CAGR for the forecast period.
Cellular M2M market
witnesses a wide range of application in verticals such as automotive,
healthcare, retail, transport and logistics, manufacturing, energy and
utilities and consumer electronics.
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