Global Internet of Things (IoT) & Machine-To-Machine (M2M) Communications

Global Internet of Things (IoT) & Machine-To-Machine (M2M) Communications Market worth $290.0 Billion by 2017

Internet of Things (IoT) or M2M or Web of Things are some of the terms being used in the industry to represent a trend, which is transforming the communications from Human to human to human to machine and now machine to machine.

These machines or things could be cars, home automation sensors, surveillance cameras mounted in the pole on highways, a container sitting in cargo truck on transit, your future unique identification card, health monitoring devices etc.

A global network infrastructure, linking physical and virtual objects through the exploitation of data capture and communication capabilities. This infrastructure includes existing and evolving Internet and network developments. It will offer specific object-identification, sensor and connection capability as the basis for the development of independent cooperative services and applications

The Internet of Things (or IoT for short) refers to uniquely identifiable objects and their virtual representations in an Internet-like structure.

Machine to machine (M2M) refers to technologies that allow both wireless and wired systems to communicate with other devices of the same type.M2M is a broad term as it does not pinpoint specific wireless or wired networking, information and communications technology. This broad term is particularly useful for business executives.

The IoT & M2M communication comprise of objects/things that are connected to the Internet, anything, anytime, anywhere. IoT & M2M communication consists of attaching sensors and devices into everyday objects/things that are connected to Internet through wired and wireless networks. Internet is a global network that connects the masses through technology. the sensors can be integrated easily in residence, workplaces and public places.

In this way, any object can be connected and can “manifest itself” over the Internet. Furthermore, in IoT, any object can be a data source. This begins to transform the way we do business, running of the public sector and day-to-day life of millions of people.

Networks, applications, middleware components, services, and endpoints will be structured. It is recognized that commercial and physical challenges will be establishing global ubiquitous network connectivity that primarily connect devices and things/objects which has  inadequate ability to connect in two-way network connectivity. It is important that the architectural design for the IoT supports efficient two-way caching and data synchronization techniques, as well as network-connected endpoints for virtual representations for the connected devices and things/objects, that can be used for monitoring their location, state and condition, as well as sending requirements and directions to them.

The IoT & M2M communication is expected to grow from $44.0 billion in 2011 to $290.0 billion by 2017, at an estimated CAGR of 30.1% from 2012 to 2017. Companies such as Alcatel-Lucent S.A. (France), AT&T, Inc. (U.S.), Cisco Systems, Inc. (U.S), Intel Corporation (U.S.), IBM Corporation (U.S), Huawei (China), and Gemalto NV (Netherlands) are key market players.

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