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Machine to Machine (M2M) Market Worth $85.96 Billion by 2017 - New Report by MarketsandMarkets
Date:9/14/2013

pect 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 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.

The global M2M market is expected to grow from $21.52 billion in 2011 to $85.96 billion in 2017 at a CAGR of 26.1% from 2012 to 2017. Asia-Pacific is 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 play
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