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#News(General) [ via IoTForIndiaGroup ]
The Global Cellular M2M Market was valued at USD 4.27 billion in 2016 and is projected to reach USD 41.88 billion by 2025, growing at a CAGR of 28.89% from 2017 to 2025.
Machine to machine or M2M is defined as the communication between any two devices from any location with enabled SIMS. The machines can be in communication via a wireless or wired connection. The incorporation of M2M allows the enabling of several services such as mobile assets, fleet vehicles, electric meters, and fixed assets. Connection over M2M is ideal for the association of machines that are using established
The increasing need for wireless communication has led to a demand of a unified M2M platform. The increase in the need for risk assessment and management, the reduction in the cost for connectivity applications and the growing adoption of the Internet of things has been driving the market for cellular M2M. Some factors that restrain the cellular M2M market is the lack of a standardized system and the data privacy concerns, surrounding the cloud and mobile technology systems.
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