M2M is defined as a technology that enables electronic and mechanical devices to communicate with each other seamlessly and perform actions without human intervention. M2M (machine to machine) leverages innovations in micro computing and wireless technology that allow embedded devices to collect and distribute real-time data and has the potential to connect millions of machines today, and even more in the near future.
M2M has become an integral part of IOT. It has open new streams of revenue to be grabbed. Many Telecom Operators have launched new services based on M2M communication. Vodafone started its M2M services in 2013 with the launch of Remote Monitoring & Control Service (RMCS). It also provides global SIM card to support M2M applications around the globe. Similarly many telecom operators have followed the suite.
The global machine to machine (M2M) data traffic from 2013 to predicted 2018 (in terabytes per month)
It’s imperative for telecom operators to grab this huge opportunity of revenue generation. It is projected M2M industry total size by 2022 would be $199.6 bn with global market revenue of $37.2 bn.
Coming to India, M2M modules (device) market generated 2732 million USD (134.9 crore INR) revenues in 2011 and is expected to generate to 82.6 million USD (413.3 crore INR) by 2015, growing at a CAGR of 32.3%33. Source: Cyber Media research report (2012).
M2M has become an integral part of IOT. It has open new streams of revenue to be grabbed. Many Telecom Operators have launched new services based on M2M communication. Vodafone started its M2M services in 2013 with the launch of Remote Monitoring & Control Service (RMCS). It also provides global SIM card to support M2M applications around the globe. Similarly many telecom operators have followed the suite.
The global machine to machine (M2M) data traffic from 2013 to predicted 2018 (in terabytes per month)
Source: Statista
It’s imperative for telecom operators to grab this huge opportunity of revenue generation. It is projected M2M industry total size by 2022 would be $199.6 bn with global market revenue of $37.2 bn.
Coming to India, M2M modules (device) market generated 2732 million USD (134.9 crore INR) revenues in 2011 and is expected to generate to 82.6 million USD (413.3 crore INR) by 2015, growing at a CAGR of 32.3%33. Source: Cyber Media research report (2012).
Kunjesh Mehta
Batch - 2016
Symbiosis Institute Of Telecom Management
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