Published on : May 26, 2016
ALBANY, New York, May 26, 2016: A new report, titled ‘Global M2M Services Market in Retail Industry 2016-2020,’ featured on ResearchMoz.us states that the global market is expected to expand rapidly at a 33.61% CAGR from 2016 to 2020. The market’s growth will result from factors such as the increasing adoption of digital signage and POS terminals in the retail businesses.
Machine to machine (M2M) is a direct form of communication between various devices via wired or wireless communication channels. Currently, the Internet of Things (IoT) is gaining popularity as a means of direct communication. Machine to machine communication may include industrial instrumentation that enables a meter or a sensor to communicate the recorded data such as inventory levels and temperature to the application software. Recent M2M communications have changed into network systems that transmit information to personal appliances. Thanks to the expansion of IP networks, M2M communication services have become easier and quicker.
M2M communication plays an important role in various business activities such as logistics, warehouse management, fleet management, parking control, supply chain management, inventory tracking, and security and surveillance. Wireless service providers find service revenue opportunities in the M2M space, which enables them to offer connectivity to endpoints. The report states that mobile operators generate maximum revenue by offering distribution and marketing support and services.
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M2M retail services include specially designed connected solutions or equipment that are utilized for service reporting, vending, transaction processing, authorization, and authentication. POS terminals, kiosks, connected coffee brewers, ATMs, vending machines, laundry machines, and other self-operated appliances are some of the devices that are deployed in the M2M retail space. Going forward, the use of digital signage is expected to increase in the retail segment. Also, the deployment of the 4G long-term evolution (LTE) network is predicted to facilitate an effective and efficient transfer of large amounts of information and data. This is expected to propel the adoption of digital signage solutions globally. With this, the global M2M services market in the retail industry is expected to expand at a rapid pace.
The global M2M services market in the retail industry is geographically divided into the Americas, Europe, the Middle East and Africa, and Asia Pacific. AT&T, Deutsche Telekom, Rogers Communications, Verizon Communications, Vodafone, Coinco, cStar Technologies, CyberNet, E2Solutions, FARA, FAS International, Happiest Minds, Indra, INIT, Jofemar, JT Wholesale, and M2M Connectivity are some of the leading players operating in the global M2M services market in the retail industry.
21st century M2M data modules carry newer capabilities and features such as flexible land grid array surface mounting, onboard global positioning (GPS) technology, and embedded M2M optimized smart cards. Leading players in the global M2M services market in the retail industry are focusing on manufacturing key hardware components for the M2M network. With new technologies being adopted by leading players, M2M services in the near future are predicted to be of the highest quality, suiting the needs of the end-users in the retail industry.
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