Machine-to-machine (M2M) technology refers to any technology that enables direct communication between network devices with the help of wired and wireless communication channel by exchanging information, interpreting data, and making decisions individually without human assistance.
Machine to machine connections are usually used in warehouse management, supply chain management, and remote monitoring. For instance, machine to machine connections enables a retailing machine to directly communicate with the distributor regarding any particular product stock whenever it is running low by sending him a message. Hence, it is very important for warehouse and retail sector. Moreover, it and be utilized for traffic control, telemedicine, and fleet management.
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The global machine to machine connections market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market for machine to machine connection in Asia Pacific region accounted for largest share of the global machine to machine connections market in 2016. This growth is attributed to explosion of smart devices. China manufactures inexpensive sensors, which are responsible for increased penetration of smart devices such as wearable devices and smart home appliances. These smart devices collects data and zap is wirelessly connected to the internet, owing to increased number of smartphones utilization, which is propelling the demand for regional machine to machine connections. According to the State of Social Media and Messaging in Asia Pacific:
Machine to Machine (M2M) Connections Market Taxonomy:
On the basis of technology, the global machine to machine connection market is segmented into:
Short Range Network
On the basis of end user industry, the global machine to machine connection market is segmented into:
Automotive & Transportation
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Major players operating in the global machine to machine connection market include AT&T Inc., Cisco Systems Inc., Texas Instruments Incorporated, Huawei Technologies Co., Ltd., NXP Semiconductors N.V., Intel Corporation, Murata Manufacturing Co., Ltd., Gemalto N.V., Vodafone Group PLC, U-Blox Holding AG, Commsolid GmbH, and Fanstel Corporation.
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