ICT RESEARCH REPORTS Machine-to-Machine-(M2M)-Connections-Market | Page 2

growth. For instance, according to Internet World Stats, in June 2017, total internet users count
was around 3.89 billion, which is about 51.7% of the global population. Furthermore, substantial
penetration of short range wireless technologies, which includes Bluetooth, Wi-Fi, and ZigBee are
further expanding the role of machine to machine connections globally. These wireless
connectivity technologies enables real time communication. They have applications in healthcare
for patient monitoring devices, car infotainment systems, and smart appliances.
Mobile, other connected devices including wearables, and social media are key factors
responsible for the evolution of machine to machine connections and have also accelerated
overall growth of the market. These enables a new way of real time communication in cost
effective way. For instance, according to Coherent Market Insights’ analysis, in 2016, over 68% of
global population was already using mobile phones and the count of M2M connections were
around 192 million in 2014 as compared to over 70 million in 2010. Machine to machine
connections transmit data between mobile devices and the cellular network.
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However, lack of standardization in connectivity protocols is the major restraining factor for the
growth of the M2M connections market.
Machine to Machine Connections Market: Regional Insights
The global machine to machine connections market is segmented on the basis of regions into
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market for
machine to machine connection in Asia Pacific region accounted for largest share of the global
machine to machine connections market in 2016. This growth is attributed to explosion of smart
devices. China manufactures inexpensive sensors, which are responsible for increased
penetration of smart devices such as wearable devices and smart home appliances. These smart
devices collects data and zap is wirelessly connected to the internet, owing to increased number
of smartphones utilization, which is propelling the demand for regional machine to machine
connections. According to the State of Social Media and Messaging in Asia Pacific: Trends and
Statistics published by RVC, a state fund of funds and the development institute of the Russian
Federation, in 2016, around 3.42 billion internet users were representing around 46% of global
population, 2.31 billion social media users were there delivering 31% of global penetration, and
1.97 billion mobile social media users were there equaling 27% of global penetration in Asia
Pacific region.
Machine to Machine Connections Market: Competitive Background