M2Mis a Technology that allows physical devices with better sensors, wirelessnetworks and increased computing capability to connect, share information andperform actions without the need for any human intervention. 1 The highest growth rate for the M2M connections market isforecasted to be in the automotive and transportation end-user industry .M2MTechnology is also one the core drivers in the healthcare industry, it is seen that growth in remote patient monitoring using M2M willsave the world’s healthcare systems up to $36 billion by 2018. 7 M2Mcommunication is mainly attributed towards its benefits such as low power consumption, low cost, and fast connection timefor end-devices. 5 The global machine to machine market size based ondifferent types of technologies considering both wired and wireless and thetrends in industries is expected to reach $35.
16 Billion by 2020.In terms of revenuegeneration, North America is observed to hold the highest share 32.1%, followedby Europe with 29.6%.
5 some ofthe major players operating within the M2M services market are AT, EELIMITED, Deutsche Telekom AG, Sprint.com, Gemalto NV, AERIS COMMUNICATIONS,INC., PTC, Oracle, Ericsson AB and Verizon Wireless. 3Someof the Key driving factors for M2M communication are as follows:1. Mobile NetworkOperators actively seeking to expand their data service offerings. 22.
Standardizationand adoption of IPv6 technology across the industry, has created thepossibility of billions of addressable IP devices making the industry moreaddressable and intelligent 23. The Growth of smartHome M2M market globally due to increase in the affordability of smartelectronics along with the falling internet prices. 44.
Growingpopularity of smart appliances across different geographic locations. 4Thus,M2M also helps in reducing the cost involved for human resources and makesmachines more intelligent and autonomous.