Machine to Machine (M2M) Market in China 2015-2019
About M2M (machine to machine)
M2M is a technology that enables machines to interconnect and securely interact over a network. M2M communications help organizations achieve high revenue margins and greater flexibility with end-to-end solutions and lower energy consumption and reduce risk. They also keep track of safety and security of the connected devices and data by providing remote access, 24x7 monitoring, and automated emergency response. M2M is becoming a popular feature in the telecom and IT landscape, as it relates to connecting remote sensing, monitoring, and actuating devices. M2M helps businesses and governments to improve IT efficiency in terms of automated BPM, ERP, and streamlining of CRM processes. In this process, no human intervention is required as data flow between devices and finally from devices to people.
TechNavio's analysts forecast the M2M market in China to grow at a CAGR of 26.20 percent over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the M2M market in China for the period 2015-2019. To calculate the market size, the report considers revenue generated from the M2M managed software licenses, applications, services, support, and maintenance. The report also includes the connections in use. It also includes the revenue generated from:
Technavio Announces the Publication of its Research Report – Machine to Machine (M2M) Market in China 2015-2019
Technavio recognizes the following companies as the key players in the M2M market in China: AT&T Inc., China Mobile Communications Corp., China Telecom Corp. Ltd. And Deutsche TeleKom AG
Other Prominent Vendors in the market are: Axeda, Bosch Software Innovations, Cisco Systems, Convergys, Ericsson, HP, Huawei, JDS Uniphase, Novatel, nPhase, NSN, Sensinode, Sierra Wireless, Tektronix and Telenor Objects
Commenting on the report, an analyst from Technavio’s team said: “The increased demand for the IoT in China is one of the key trends being witnessed in the market. In the past few years, many large- and medium-sized organizations have adopted the IoT and invested in wireless technology, fixed networks, sensors, computer systems, and applications. This technology creates new ways for companies to enrich their services, gain customer insights, increase efficiency, and differentiate themselves.”
According to the report, an increase in the number of connected devices is a major factor driving market growth. These devices are mostly sensors, remote monitoring devices, and aggregation devices used in M2M. This includes tablets, e-readers, and mobile broadband devices. With advances in technology and increased connectivity, the number of devices that can be connected is increasing rapidly.
Further, the report states that the lack of enforced standardization by the government around offering or customizing M2M applications curtails market growth. Currently, the government is trying to establish regulations to control the development and application of M2M, which is imperative for market growth.
AT&T Inc, China Mobile Communications Corp, China Telecom Corp. Ltd, Deutsche TeleKom AG, Axeda, Bosch Software Innovations, Cisco Systems, Convergys, Ericsson, HP, Huawei, JDS Uniphase, Novatel, nPhase, NSN, Sensinode, Sierra Wireless, Tektronix, Telenor Objects
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