Global Machine to Machine (M2M) Market worth $85.96 Billion by 2017 Feb. 2012

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

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, the total M2M market is expected to reach $85.96 billion by 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 this report.

The M2M 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 lowcost 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 providers, and M2M
network operators has emerged as a global 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.