Machine to Machine Brief Introduction :
There are billions of machines throughout the world, electronic or mechanical, that need to communicate autonomously with other machines. Machine to machine (M2M) communication is therefore not new but until now has relied on a whole range of industry specific technologies to achieve this communication.
These include radio frequency identification (RFID) transponders, optical recognition solutions, satellite based communication (including GPS-based systems), radio broadcast techniques and a whole range of fixed or wireless-based network approaches.
M2M Quick :
- No human intervention whilst devices are communicating end-to-end.
- The flow of data b/w machines and machines and ultimately machines and people.
- The capability to communicate with wireless of wired devices of same ability
Examples of M2M Key Hardwares :
- Sensors
- Actuators
- RFID
- Memory
- Power Module
- Communication Module
Machine To Machine Market :
Although the M2M market is today small, But it has major potential. It is even possible that in the near future this market will grow faster than the any other hardware markets. One of the reasons for this is that in
times of economic crisis, businesses look for new ways of optimizing their operational costs.In addition,
as connection technologies and wireless devices have matured and become more easily and cost-effectively
available, machine to machine connection has become increasingly feasible, with some applications (such as energy consumption metering) being actively encouraged at government level. While the value of the M2M market will depend on various factors and some of these are related more to human psychology, geographical and cultural issues than to technical aspects.
As the price of the M2M infrastructure goes down, the number of applications of M2M technologies will increase.This is however conditional on cumbersome applications, inflexible service conditions and prohibitive installation procedures not hampering growth prospects. Taking an approach geared towards subscriber-centric business models, however, will allow CSPs to pursue innovative new business models and revenue-generating possibilities.
Opportunities In Different Areas
M2M Market Report, Forecasting Year 2017 Says :
According to report, Machine to machine (M2M) technology is considered to be one of the significant revenue generating solutions for a variety of service providers present along the Machine to machine value chain. It is considered to be a growth market since the companies face growing cost pressure as well as regulatory requirements to enable better functioning of their business. In addition, this market is also driven by numerous government regulations and mandates such as eCall initiative in Europe, Resolution 245 in Brazil, and more. Machine to machine deployment for most of the applications does not generate huge amounts of data bandwidth and hence conventional technologies such as 2G are observed to provide sufficient support for the growth of this technology. However, with higher penetration of 3G and 4G technologies as transport medium, it is expected that there will be emergence of innovative applications.
Report says, Amongst the different hardware components used in M2M solutions, the market for communication module holds the highest share as of 2011 and is expected to grow at a CAGR of 32.4% from 2012 to 2017. Some of the predominant technologies utilized for communication purposes are 2G, Ethernet, WiFi, Power Line, and ZigBee. While 2G technology held the highest share as of 2011, the market for ZigBee technology is expected to grow at the highest CAGR (33.8%) from 2012 to 2017. This is mainly attributed to its benefits such as low power consumption, low cost, and fast connection time for end-devices. With respect to different application sectors wherein Machine to machine technology is utilized, consumer electronics sector is observed to hold the highest share of 30.9% in 2011. However, the adoption rate is expected to grow rapidly in automotive, transportation, and utilities in future owing to the rise in government regulations and need for innovative solutions.
Revenue Growth Year by Year In Billions (According to Report Statistics)
Image Source : Markets and Markets
The industry players present along the value chain are involved in initiatives such as alliances, partnerships, and joint ventures to achieve better market recognition and facilitate mobile operators to work directly with companies selling Machine to machine services. Some of the key players involved in the design, development, and supply of M2M solutions include Sierra Wireless (U.S.), Jasper Wireless (U.S.), Telit Communications (Italy), Numerex Corp (U.S.), NTT DoCoMo (Japan), and more.
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