This Lightweight Machine-To-Machine (LWM2M) Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Lightweight Machine-To-Machine (LWM2M) Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Lightweight Machine-To-Machine (LWM2M) Market report will surely help you to a degree.
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In terms of revenue, the global lightweight machine-to-machine (LWM2M) market was valued at US$ 69.43 Mn in 2022 and is anticipated to reach US$ 441.45 Mn by 2030 growing at a CAGR of 23% over the forecast period. Arm Limited, AVSystem, CONNECT2 SYSTEMS LIMITED, FRIENDLY TECHNOLOGIES, Gemalto NV, Nokia, OMA SpecWorks, and ROHDE & SCHWARZ amongst others.
Global Lightweight Machine-to-Machine (LWM2M) Market:
- By Vertical
- Transportation and Logistics
- Banking Financial Services and Insurance
- Retail and Ecommerce
- By Components
- By Organization Size
- Small and Medium Sized Enterprises
- Large Enterprises
- By Region
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
The lightweight machine-to-machine (LWM2M) is a communication protocol designed for effective device management, device actuation and data reporting through a fast deployable client server. The trend of digitalization has impacted communication between people, machines and other living or non-living things around us. The shift towards connected things has brought new concepts and technologies to light giving rise to next industrial revolution 4.0, which has connectivity at its core. Machines, electronic devices, cities and other equipment, which we encounter in our daily life, are becoming ‘Smart’ by utilizing the power of data through connected technologies including Internet of Things (IoT). A report published in 2016 by European Commission, a political and economic union of European countries, stated that IoT connected devices in European Union are anticipated to increase exponentially by 2020. The invention of stronger and faster wireless broadband communication networks such as 4G, 5G and the on-going developments on 6G have increased the effective application of IoT in machines, wearables and even structures, further deepening its penetration. The lightweight machine-to-machine (LWM2M) protocol enables remote operation of IoT embedded devices to perform specific tasks such as actuation, operation, monitoring, run diagnostics to list a few. The lightweight machine-to-machine (LWM2M) was specifically designed for reduce power and data consumption in low-power devices. The growing number of IoT enabled devices coupled with next generation communication networks is driving the growth of global lightweight machine-to-machine (LWM2M) market.
The IoT technology is finding applications in increasing set of industries including aerospace, agriculture and environmental services, automotive and transport, electronics and embedded devices, equipment and machinery, healthcare, security and surveillance and telecommunications, amongst others. The most recent application of IoT is smart cities and smart homes. Municipal corporations across the globe are building upon the cellular and low power wireless technologies to connect and refine infrastructure for improving quality of life. For instance, Government of India launched a Smart City mission in 2015 with a planned investment of US$ 28.7 Billion under which the government intends to lend smart capabilities to the infrastructure of these cities including lighting, surveillance, transport, environment and others. In another instance, the SMART corridor project launched by California State Department of Transportation in 2016 focused on the use of IoT, digital signs and active traffic management to reduce number of accidents and travel time. The LWM2M can be effectively applied for applications such as smart lighting, surveillance, air monitoring, and others. The ongoing developments in connectivity networks including 5G coupled with the trend of smart cities across the world poses potential opportunity in near future for market participants in the global lightweight machine-to-machine (LWM2M) market.
Initiatives on the global scale are on-going to streamline effective machine-to-machine communication through a common server. oneM2M, a global partnership project founded in 2012 with 200 participating members, focuses to develop a software frame work that addresses the common machine-to-machine service layer requirement. The initiative is in the research phase and has not been fully commercialized. The project aims to attract industry players from transportation, healthcare, industrial automation, energy and utilities and other industries. Hence, similar initiatives is expected to boost the global lightweight machine-to-machine (LWM2M) market.
Although, the Constraint Application Protocol (CoAP) based lightweight machine-to-machine has benefits of operating at low power consumption, it has certain disadvantages including the use of IP addresses in LWM2M specification with certificates, which makes its use more complicated and hampers the adoption rate. Message Queue Telemetry Transport (MQTT), an alternative to lightweight machine-to-machine protocol, is more commonly used for IoT data communication owing to the ease of deployment and its data volume handling capacity. This is hampering the adoption of LWM2M in simple and less loaded IoT systems. However, in order to overcome such challenges in lightweight machine-to-machine (LWM2M) market, companies are developing solutions with combined features of MQTT and CoAP. For instance, EMQ Technologies Co., Ltd, an open source software company, has designed EMQ-LWM2M plugin which bridges MQTT and LWM2M by allowing MOTT clients to interact with LWM2M devices.
Key Questions Answered with this Study
1) What makes Lightweight Machine-To-Machine (LWM2M) Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Lightweight Machine-To-Machine (LWM2M) market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Lightweight Machine-To-Machine (LWM2M) in next few years?
8) What is the impact analysis of various factors in the Lightweight Machine-To-Machine (LWM2M) market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Lightweight Machine-To-Machine (LWM2M) Market?
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