Introduction To M2M Market :
Machine to machine (M2M) uses a devices such as a sensors or meters to capture an event such as temperature, inventory level, that is received and passed through a network such as wireless, wired or hybrid to a software program that translates the captured event into meaningful information.
In product restocking, for example, when a particular item is running low a vending machine can message the distributor. M2M communication is an important aspect of warehouse management, logistic services, supply chain management, fleet management and telemedicine,remote control, robotics, traffic control. It forms the basis for a concept known as the Internet of Things.
Key components of an M2M system include sensors, RFID, a Wi-Fi or cellular communications link and autonomic computing software programmed to help a networked device interpret data and make decisions. The most well-known type of M2M communication is telemetry, which has been used since the early part of the last century to transmit operational data. Pioneers in telemetrics first used telephone lines -- and later, on radio waves -- to transmit performance measurements gathered from monitoring instruments in remote locations. The Internet and improved standards for wireless technology have expanded the role of telemetry from pure science, engineering and manufacturing to everyday use in products like home heating units, electric meters and Internet-connected appliances. Products built with M2M communication capabilities are often marketed to end users as being “smart.”
Currently, M2M does not have a standardized connected device platform and many M2M systems are built to be task- or device-specific. It is expected that as M2M becomes more pervasive, vendors will need to agree upon standards for device-to-device communications.
Market Of M2M Industry :
The global Machine To Machine 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.
Source : Markets And Markets
The industry players present along the value chain are involved in initiatives such as alliances, partnerships, and joint ventures to achieve better market recognition and facilitate mobile operators to work directly with companies selling Machine to machine services. Some of the key players involved in the design, development, and supply of M2M solutions include Sierra Wireless (U.S.), Jasper Wireless (U.S.), Telit Communications (Italy), Numerex Corp (U.S.), NTT DoCoMo (Japan), and more.
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