According to a new market research report “U.S. Machine-to-Machine (M2M) Connections Market by Technology (Wired and Wireless), Industry Verticals (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance, and Others) - Forecast to 2020”, the market size of M2M connections in the U.S. is expected to reach $7,262.76 Million by 2020, at a CAGR of 6.79% between 2015 and 2020.
Short-range technologies such as ZigBee, Wi-Fi, and Bluetooth are expected to dominate the M2M Communications market during the forecast period. The market share of wired and cellular technology 2G is projected to decline in the coming years. 3G and 4G/LTE technologies are anticipated to have high growth rates. Rising application of telematics in the automotive industry, demand for smart grids in the utilities sector, coupled with overall standardization of IPv6 are expected to propel the growth of U.S. Machine-to-Machine Communications market.
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The market associated with the Machine-to-Machine Communications is poised to witness tremendous growth. Industries such as utilities and automotive & transportation are expected to be high growth areas for M2M connections. This report covers the U.S. Machine-to-Machine Communications market on the basis of different types of technologies and industry verticals. The major technologies considered for this study are wired and wireless. The wireless technology has been further segmented into short range and cellular
Some of the major industry players in the said market are Gemalto (The Netherlands), Sierra Wireless (Canada), Telit PLC (U.K.), AT&T (U.S.), Vodafone (U.K.), Jasper Wireless Inc. (U.S.), and Intel (U.S.) among others.
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