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APAC M2M Market Insights
LONDON, Sept. 29, 2016 /PRNewswire/ -- A Growth Opportunity for Telecom Service Providers
The M2M market in APAC is driven by the mobile operators, which have been relying on cellular M2M connectivity for a growing source of revenue to counter the decline in traditional voice and data revenue. The number of M2M connections in the APAC market was 113.7 million in 2015. The market is expected to expand at a CAGR of 32.7% from 2015 to 2020 to reach 467.4 million connections by 2020. Although Japan has been ahead of China in terms of the maturity of ecosystem, China has been driving the adoption of M2M connectivity over the last couple of years with the government initiatives (highest in APAC) in providing end-to-end solutions for enterprises.
Market Definitions
Machineto-Machine (M2M)
M2M is defined as a form of communication over a wired or wireless network either from one device to another through a centrally managed software with no or limited human interaction.
M2M Platform
It is defined as a software system that provides an ecosystem for the creaton of applications by developers. At the fundamental level, an M2M platform enables telecom operators to provide and manage connectivity across multiple devices for enterprise customers. Operators can also leverage on a platform to enable in-house and third-party developers to create applications targeted at the specific needs of industry sectors.
SIM Card
It is a subscriber identity module that contains the identity number of the registered subscriber. An M2M SIM card is different from SIM cards for smartphones, as it has attributes (for example, resistance to temperature) to cater to the environment in which it resides.
Mobile Point of Sale (POS)
It refers to the checkout point when a transaction is carried out through a connection between a mobile device and compatible hardware containing a POS software.
Internet of Things (IoT)
It refers to assigning physical and virtual objects with an identity and interconnecting them for the purpose of creating interactions among ubiquitous objects.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/apac-m2m-market-insights-300336897.html
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