Machine-To-Machine (M2M) Market Size, Share, Trends, Key Players, Demand and Opportunities by 2023

The ****** machine to machine (M2M) market is growing at a considerable rate due to the increasing adoption of machine to machine technology in telematics and telemetry related applications, users’ migration from second generation (2G) to third generation (3G) and fourth generation (4G) networks, and regulatory mandates. Growth of the connected car market, strategic partnerships with system integrators and emerging applications in different industries are expected to provide ample growth opportunities to the machine to machine market in the coming years.
On the basis of technology, the machine to machine market can be categorized as wireless technologies, wired technologies and cellular technologies. Wireless technologies include ZigBee, Bluetooth and wireless fidelity (Wi-Fi); wired technologies include industrial Ethernet and Ethernet; and cellular technologies include second-generation (2G), third-generation (3G) and fourth-generation (4G) or long term evolution (LTE). ZigBee is expected to grow with the highest rate among wireless technologies in the coming years.
The machine to machine market can also be categorized on the basis of end users as consumer electronic, utilities, retail, healthcare, automotive and transportation, oil and gas, security and surveillance, and agriculture. Healthcare industry utilizes machine to machine technology in telemedicine and patient monitoring and tracking. The utilities industry on the other hand uses them in smart meters and smart grids. The retail industry uses them in vending machines and automated teller machine (ATM), and digital signage and point-of-sales.
Some of the competitors in the machine to machine market are Cisco Systems Inc., Deutsche Telekom Ag, Telit Communications, Kore Wireless Group, AT&T Inc., Jasper Technologies Inc., Intel Corporation, Verizon Communication Inc., Texas Instruments, Sprint Corporation, China Mobile Ltd., Vodafone Group PLC, Telefonica, S.A., Sierra Wireless Inc. and Gemalto NV.

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