Global Machine-to-Machine (M2M) Communications Test and Monitoring Equipment Market - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-19 00:35:02
New, market-specific standards for M2M communications will require the test equipment manufacturers to all conform to the same regulations. Test equipment manufacturers will gain more from M2M communications over cellular/wireless network, as there will be more applications that could be addressed through these networks, which leads to a boost in demand. A new set of standards will lead to more conformance testing; meanwhile, functional testing and one-box testing will be required for M2M-capable devices. New nodes will be attached in the existing networks to enable M2M communications, which will lead to demand for installation and maintenance (I&M) segment. Monitoring of the network for M2M communications is dependent on the type of end-user application.
Scoring high on the price-performance front remains the key to a test equipment provider´s growth. North America is becoming an increasingly important market as it utilizes new technology. An increase in demand for test equipment is expected. Test equipment vendors will have to maintain a rapid pace of product innovation and enhancement for increased success. Test equipment needs to be customized to meet end-user needs.
Growth Factors for M2M Communications
In M2M communications, real-time flow of data helps to make decisions faster. The collected data is converted into useful information and then used for consequential actions. The data from the machine or device can be accessed instantly; therefore, necessary service can be provided instantly. M2M technology is enabling a new business model wherein the user can be charged based on data usage volume. Proper use can be ensured by streamlining energy monitoring processes. An appropriate example of such an M2M application is in smart grids, where wastage of energy can be avoided.
M2M technology has been used in telematics applications predominantly. Of late, it has become important in applications such as smart grids, industrial automation, retail, healthcare, and consumer electronics. The main advantage of M2M is real-time delivery of reliable data and easy access to a device or machine.
M2M technology is advancing with the use of embedded sensors and chipsets in almost every possible device. The presence of these chipsets makes it possible for end users to access anything, anywhere. Another important strength of M2M is the delivery of real-time streaming information with ubiquitous presence of broadband. Technologies such as cloud computing and 4G are also fuelling the growth of M2M.
M2M is moving from an early growth stage to a mature stage. Standardization efforts and several important collaborations across the value chain are expected to foster the eventual growth of M2M. With reduced hardware costs, lower data tariffs, and ease of integration with platform-based services, wider adoption of M2M communications is expected in approximately 3 years.
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