New report on Machine-to-Machine (M2m) 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 technologies used for M2M communications are 2G, Wi-Fi, Ethernet, Zigbee, Power-Line, etc. As the 2G technology is most commonly used, it has highest market share. Zigbee technology is expected to grow at increasing CAGR due to its benefits such as low cost, low power consumption, scalability & security of networks, and network resilience & ease of commissioning.
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The various components used in this technology are actuators, sensors, memory, RFID, Power and Communication modules. The most widely used component in the applications is sensors. Sensors in M2M communication gathers the data and sends it to network wirelessly where it is next routed. The distinct sectors wherein this communication technology is used are Consumer electronics, Information Technology (IT), retail, transportations & automotives, healthcare, security and surveillance. The research provides widespread view of the global market. Porter’s five force model helps in identifying stakeholders and their strategic moves. The bargaining power of buyer is relatively high as various companies extending their services to the customers. Since there is no one key player dominating the market, the bargaining power of suppliers is low. The threat of substitutes is low and inter-firm rivalry is high. The threat of new entrants is high. The value chain analysis includes mapping of operational activities and assessing the efficiency and effectiveness of those operations to reduce costs and improve quality. This would benefit the new entrants in knowing the value chain of the existing market.
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