2012-09-20 18:49:27 - M2M wireless network services market driven by technological advancements
The machine to machine (M2M) wireless network services market has been forecast to increase at a compound annual growth rate (CAGR) of 29.4% over the five year period of 2011-2015.Key factors contributing to this market growth include the increasing number of mobile devices and better network coverage, and the advancements in M2M technologies. Furthermore, its rapid growth is being driven by new applications, low-cost communications services and falling hardware costs. However, the increasing need for high investment in M2M infrastructure could pose a challenge to the growth of this market.M2M refers to technologies that allow both wireless and wired systems to communicate with other devices of the same ability. M2M uses a device (such as a sensor or meter) to
capture an event (such as temperature, inventory level, etc.), which is relayed through a network (wireless, wired or hybrid) to an application (software program), that translates the captured event into meaningful information (for example, items need to be restocked).Currently, more than 90% of existing wireless M2M applications operate on existing 2G and 3G networks, which are lower cost, widely deployed, offer adequate bandwidth and support a large variety of low-cost, reliable, embedded data networking modules.However, through the adoption of 3G and 4G technologies, the performance of M2M wireless devices becomes faster and will increase the demand for M2M services in the global market.For more information on the M2M wireless network services market, see the latest research: M2M Wireless Network Services Market ReportFollow us on Twitter @CandMResearch
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