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  • 10 October 2019 21:17

IoT and M2M communications Market Growing Demand

The global demand for IoT and M2M communications is propelling with the growing demand for wireless networks, cloud applications and sensors.

These factors largely depend on enhancing connectivity as well as government support. IoT and M2M communications are resulting in escalating the connectivity between devices and objects. This is due to optimization of big data and cloud computing. These technological trends help in the backend processing and analytics needed to manage with the communication methodologies.

The adoption of IoT and M2M communications is propelled by various industry verticals owing to the advantages offered by these technologies such as identification & tracking, monitoring, business analysis, integral control, efficient process & service and early response. Also, an intelligent communication network enables the seamless integration of data & information thereby, boosting the market growth of IoT and M2M communication market. However, lack of skilled professionals, privacy & security, slowly eliminating 2G technology and government standards are few factors hampering the growth of IoT and M2M communication market.

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The market is witnessing growth owing to the rising spending on IoT worldwide. North America’s market for IoT and M2M communications is the largest share holder of the total geographical market owing to the rapid adoption of IoT in developed countries of North America and increasing technological developments in the region. The Asia-Pacific market is anticipated to grow at a faster rate in comparison to other regions in the coming years. This demand is highly influenced by the escalating technological adoption and enormous opportunities across various industry verticals in the Asia-Pacific countries particularly, Japan, India and China.

Report Coverage Analysis Period: 2015 – 2026 Historic Data: 2015 Base Year: 2018 Forecast Data: 2019-2026

Market Stratification: Technology & Platform, M2M Connections & Modules, IoT Components, Application, Geography

Regional Scope: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage: Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

Some of the chief players in the IoT and M2M communications market are AT&T Inc., Intel Corporation, IBM Corporation, Gemalto NV, Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., NXP Semiconductors NV, Google, Inc. and Qualcomm Incorporated among others.

Market Segmentation

Market by Technology & Platform (Sensor nodes, Radio frequency identification, Near field communication, Cloud management, Supervisory control & data acquisition, Information & discovery services, Zigbee, Complex event processing)

Market by M2M Connections & Modules (Sim-cards, Network connections, Module types)

Market by IoT Components (RFID, Data processing & safety, Network communications, Safety, security & support technology)

Market by Application (Retail, Public safety & urban security, Energy & power, Telecom & IT, Industrial & commercial buildings, Consumer & residential, Transportation, Healthcare, Manufacturing)

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