(PRWEB) September 14, 2013
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]”.
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 res
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