According to new market research report "Internet of Things Market & M2M Communication by Technologies, Platforms and Services (RFID, Sensor Nodes, Gateways, Cloud Management, NFC, ZigBee, SCADA, Software Platform, System Integrators), by M2M Connections, & by IoT Components) - Global Market Forecasts - 2019", published by MarketsandMarkets, defines and segments the IoT and M2M market into various sub-segments of technology and platform, M2M connection and modules, IoT components, applications, and regions with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints of this market with insights on trends, opportunities, and challenges.
This IoT and M2M research report analyzes global adoption trends, future growth potential, competitive outlook, market ecosystem, and the value chain of this market. The report analyzes market sizes and revenue forecasts across different regions such as North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), and Middle East and Africa (MEA).
The challenges faced by IoT and M2M are meeting the political issue, no demand of 2G products, sense of security for the information available and accessible over Internet, having customization of the technology, and deployment of old to new technology. In order to meet all these challenges, the IoT and M2M needs to develop cost effective robust technology-enabled devices with integrating capabilities, so that they are able to run on any type of platform. The government support is also crucial for assigning the queries at one point of contact and making the work smarter by integrating Internet with machine and thus, helping to generate the revenues and profitability.
MarketsandMarkets forecasts the Internet of Things Market & M2M Communication to grow from $255.87 Billion in 2014 to $947.29 Billion in 2019, at an estimated CAGR of 29.9% from 2014 to 2019. The companies such as Alcatel-Lucent (France), AT&T (U.S.), IBM (U.S.), Google (U.S.), CISCO (U.S.), Qualcomm (U.S.), Intel (U.S.), NXP Semiconductors (Netherlands), Huawei (China), and Gemalto NV (Netherlands) are the key market players.
