To improve efficiency, enable new business models, and enhance productivity and profitability, organizations around the world will use machine-to-machine (M2M) technologies, with Internet of Things becomes a reality. M2M technologies that encompass devices, networks, platforms and applications will allow networked machines to exchange information and take intelligent action.
As long as Internet of Things (IoT) is expanding, devices are becoming cheaper and more powerful, seamless and reliable. New analytics technologies and business intelligence solutions are able to get deeper insight from raw data even as M2M solutions are continuing to mature. From a Solutions providers (SPs) perspective all of this means that SPs can use data from M2M systems to improve efficiency, develop new business models and generate revenue both for themselves and their customers.
m2m technologies M2M is the new way to develop networking businessAccording to a statement, the India Machine to Machine (M2M) modules market is expected to reach $98.38 million by 2016, with a CAGR of 33.81% from 2011-2016. Cellular M2M modules are expected to grow with relatively highest CAGR of 35.32% for the same period. The increasing demand for remote monitoring & control, government initiatives, new income opportunities for MNOs, 3G networks and reducing human efforts are the factors that have spurred the Indian M2M market. According to the Cisco Monetization and Optimization Index (MOI), the opportunity from M2M (data services) in Asia Pacific is pegged at $149 billion by 2019…Read more