Cellular machine to machine (M2M) technology is gaining popularity in different industrial sectors. Automotive, security, networking, banking & financial services, transport & logistics, and healthcare provide huge growth opportunity for the cellular machine to machine market. This market is strongly associated with investments and growth in the industrial and commercial sectors. Machine to machine technology consists of various wired and wireless technologies. This technology enables different machines (other than tablets, smartphones, and wearables among others) to connect with each.
The cellular machine to machine market is highly competitive and is characterized by the presence of large number of large scale and small scale vendors. These companies have been investing considerable capital in research and development activities in order to expand their production capabilities and to meet growing market demand. Competition is more concentrated in developed markets such as North America and Europe.
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Competition will intensify further with the emergence of more players. However, there are few companies that cannot invest in their in-house research and development activities who form alliances with other well established companies to develop quality products. Various factors such as increasing production and service extensions, rise in the number of acquisitions, and technological innovations will further intensify the level of competition in this market in the upcoming years.