Machine-to-Machine technology is a very broad term which specifies that, the devices which can communicate through a type of technology and can perform actions without any manual assistance. This technology allows communication between both the wired and wireless systems.
They major driving factors of the technology are rising adoption rate of the M2M applications and penetration of various technologies such as 2G and 3G in the global market. The high cost of installation of this technology and its maintenance are some of the challenges faced by the market.
With the increase in innovative solutions by several organizations, the market is expected to grow briskly. The various upcoming applications and the continuous up-gradation of technologies make this market lucrative and essential to study.
The research is carried out in different regions such as North America, Europe, Asia Pacific and RoW. The North America, due to its technological advancements, currently it is the most advanced region and it has highest number of smart homes solutions with 3.5 million systems installed till 2013.
Hence this region is expected to grow faster than other regions.
The top competitors in the market are adopting partnership strategies with various other organizations. For example, one of the major market players, AT&T extends its M2M services with Axeda Corporation to reduce their M2M applications time to market and will help in designing innovative applications.
Some other major players in this market are Verizon Communications, Inc., AT&T, Inc., Vodaphone Grp., Rogers Communication, Axeda Corp., Atmel Corp, Cisco Systems, Imetrik Machine to Machine solutions, Inc., Cypress Semiconductor Corp, Infineon Technologies, Freescale Semiconductor, Inc., NEC Corp. NTT Docomo, Inc., and Novatel Wireless, Inc.
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