Reports have been surfacing for quite a while now that show the worldwide M2M markets are only going to grow over the next five years. The amount of growth the markets will see depends entirely on who you talk to and what report you read, but the consensus seems to be that there will be some impressive growth no matter what market you’re in, and no matter what part of the world you might reside.
For its part, a new report titled “India Wireless M2M Modules Market Review, 2011-2015,” put together by industry research firm Cybermedia Research, said the Indian M2M modules market is yet another market that has a lot of potential to be a high growth market over the next few years. The report says that the telecom industry is especially going to be an area that could see some real boom over the next couple of years.
Historically dominated by wired systems, Machine to Machine communications are now witnessing a shift toward wireless based communication systems. The demand for remote monitoring & controlling of various devices deployed in the areas of Automotive, Logistics, Utilities, Banking, Retail, etc. have catalyzed the growth of M2M market in India,” Anirban Banerjee, associate vice president of Research and Advisory Services, CyberMedia Research, said in a recent statement.
The report indicates that there are a couple of factors more prominent than others when it comes to spurring on this potential growth. Mobile service operators generating new income streams, minimizing human efforts, growing demand for telematics and an ever growing smart metering market are some of the most prominent factors allowing the M2M market to flourish in India.
Rajat Kharbanda, Analyst, CyberMedia Research Semiconductor & Electronics Practice, pointed out that M2M modules are being implemented in wide-ranging tech, such as the automotive, utilities, banking and retail sectors. High adoption rates of the tech in these markets are only going to drive the demand for M2M modules higher on a year-over-year basis.
Edited by Braden Becker