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Global Machine to Machine (M2M) Connection Market: Huge Business Opportunities in Upcoming Future

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(Free Press Release) Growing investment in IoT will fuel the demand for M2M services, which will boost overall market growth.

Global Machine to Machine (M2M) Connection Market: Huge Business Opportunities in Upcoming Future


      

According to Goldstein Research, “Improved telecom research and development enables the emergence of advanced technology platforms such as 4G LTE among others which is the major factor driving the growth of M2M connections market.” High broadband usage, rising usage of smart devices and emergence of new telecommunication platforms are the key factors that led to development of machine to machine connection market. The government's proactive support and initiative for the development of IoT has benefitted the growth of M2M connection industry. For instance, China has invested more than USD 700 million in 2011 to support IoT in technological R&D, Industrialization and public service. Growing investment in IoT will fuel the demand for M2M services, which will boost overall market growth. Machine to machine connection market segmentation has been carried out on the basis of technology and end users. Technology Segment is further bifurcated into wired and wireless. In 2016, wireless technology accounted for highest share in M2M connection market and expected to dominate the market over the forecast period. Growing adoption of short-range wireless connectivity technologies such as Wi-Fi, ZigBee for connectivity between smart phones and smart devices such as in car infotainment, patient monitoring devices, wireless beacons are driving the growth of wireless technology segment.The global machine to machine connection market is expected to expand at a CAGR of 10.4% over the forecast period i.e. 2016-2024. Geographically, Asia-Pacific is the dominating market with more than 30% share in global machine to machine connection market. Asia-Pacific region accounted for USD 6.1 billion in 2016 and expected to grow at a compound annual growth rate of 17.3% over the forecast period. China is the dominating country in the regions with one third share of global M2M connections market.

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Market Segmentation

· By Technology

o Wired

§ Serial connections

§ Power line Connections

o Wireless

§ cellular M2M

§ WI-FI

§ Bluetooth

§ ZigBee

§ WiMax

· By End Users

o Consumer Electronics

o Automotive Sector

o Healthcare Sector

o Manufacturing Sector

o Energy and Utilities

o Transportation and Logistics

o Others (Retail etc.)

· By Geography

o North America (US, Canada)

o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)

o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)

o Latin America (Brazil, Mexico and Rest of Latin America)

o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)

o Rest of the World

1. Global Machine to Machine Connection Market Outlook 2024contains detailed overview of the global machine to machine connection market in terms of market segmentation by technology type and by end users.

Further, for the in-depth analysis, machine to machine connections market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global Machine to Machine Connection Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as AT&T Inc., Vodafone Group, Texas Instruments, Duetsche Telecom AG, Siera Wireless, China Mobile Ltd, Cisco System Inc., Huawei Technologies Co. Ltd, Intel Corporation, Sprint Corporation, Gemalto NV etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global machine to machine connection market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full market report@ https://www.goldsteinresearch.com/report/global-machine-to-machine-m2m-connections-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our analysts working on latest hardware and ICT industry market reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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www.goldsteinresearch.com

 

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Global Machine to Machine (M2M) Connection Market: Huge Business Opportunities in Upcoming Future

Source: Press Release

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