The machine-to-machine (M2M) wireless communications technology has been significantly driving wireless service provider's mobile data revenues. M2M is a rapidly growing market opportunity.
According a recent report by research firm IDATE, the M2M communications global market is expected to generate revenues of over $53 billion, substantially up from $33 billion in 2013. Over the same time frame, the number of M2M module deployment is predicted to rise from 175 million to 470 million.
Earlier, research firm Ovum had forecasted that the global M2M communications market size will reach nearly $45 billion in 2018. Industry verticals like healthcare, manufacturing, energy and utilities will largely benefit from the progress.
A typical mobile M2M messaging system establishes a wireless communications link to connect a group of devices to a computer server or another device for the purpose of transmitting data contained within those devices.
The M2M market provides the opportunity to millions of mobile-enabled devices, like cars, utility meters, vending machines and consumer electronics devices to get connected to a wireless network.
Mobile M2M connections, which enable wireless data calls between machines, have gained significant market traction. Deploying innovative connectivity platforms to deliver seamless, fully integrated M2M communication with global connectivity has become an important factor to mobile service providers' success in this market.
Next-generation (4G) technology is also boosting the growth of M2M segment as it provides exceptionally high speeds. Massive throughput and low-latency period of LTE technology enable easy access for large-scale applications like fleet management, security, automotive, navigation, and video content.