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M2M test equipment market grows to triple

Posted: 24 Feb 2014 ?? ?Print Version ?Bookmark and Share

Keywords:M2M? test? monitoring?

The global revenue in M2M communications test and monitoring equipment market is on track to triple, from $321.7 million in 2013 to $981.1 million in 2020, according to Frost & Sullivan.

Currently, the industry sees the successful penetration of M2M technologies in transportation, industrial, safety and emergency markets. M2M has also been increasingly adopted in the healthcare, home automation, and consumer electronic areas. Hence, demand for the corresponding M2M test and monitoring equipment soars.

"Improved global wireless standards for smart device communications are fuelling the uptake of network installation, maintenance, and monitoring equipment," said Frost & Sullivan Measurement & Instrumentation PM Olga Yashkova-Shapiro. "Current standards, such as global system for mobile (GSM) communications, general packet radio service (GPRS), and enhanced data-rates for global evolution (EDGE) with 3G, all support the use of M2M communications."

Moreover, major market participants from different levels of the value chain are collaborating to standardise M2M technologies. Such doubles, even triples the demand for test equipment to be applied on various levels of processes including optimising performance and battery usage, and reducing power consumption.

Frost & Sullivan also finds that varying industry standards and communication protocols delay market growth as some test equipment manufacturers are reluctant to introduce new products that may not conform to the various requirements.

Complicated data traffic management of M2M communications, absence of suitable security over multiple data hops, high operational costs associated with M2M technologies, and high price of test equipment for smart devices are further restricting market scope.

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