The Global M2M Management Software Market is enhancing organizational efficiency globally by enabling wireless and wired systems to communicate seamlessly with each other without any outside interference.
All automation requirements for streamlining of processes such as BPM, ERP and CRM are becoming increasingly reliant on offerings from the M2M market. The M2M process does not require human intervention while the devices communicate end-to-end. This automation occurs as data flows between machines, and thereafter from machine to the user.
The M2M Market has witnessed rising popularity in Telecom and IT sectors, enabling remote sensing, monitoring, and actuating capabilities of devices. As such, the Global M2M Management Software Market is estimated to grow at a CAGR of 24.82 percent as per the forecast of Technavio analysts.
The M2M market is dominated by numerous small and large vendors. Big companies and M2M vendors are following the M&A strategy to improve their global presence and to further increase their reach to customers.
Also, companies outside of this space are looking to make inroads into the M2M market. PTC, an enterprise IT vendor, recently announced its plan to acquire Axeda, thereby expanding its IoT technology portfolio. This shows growing buoyancy among IT service providers for expanding their portfolio while showing keen interest towards the Global M2M Management Software Market.
Technavio analysts have identified the top 10 players in the M2M market which are helping organizations deliver better business intelligence; helping them attract more customers, reduce costs, and improve their visibility.
Axeda
“Founded in 2000 and Axeda is based in Foxboro, Massachusetts, US. It was formerly a subsidiary of ITA Holdings. Axeda provides cloud-based services and software to manage connected products and machines, and implements M2M and IoT applications.
The major offerings of the company include Axeda IoT cloud services, which includes Axeda Connect, a cloud-based communication software that allows users to connect machines and devices to the cloud. It also offers Axeda IoT platform, an M2M and IoT data integration and application development platform, and IoT connectivity, a machine cloud service that includes M2M and IoT connectivity services.
The company solutions are used for asset tracking, compliance management, CRM/ERP integration, warranty management, and remote service applications. The company serves the Industrial, Telecom, Banking, Government, Technology, Medical, Retail, and Insurance sectors. The company reported revenue of approximately US$24.6 million in FY2013.”
Bosch Software Innovations
“Bosch Software Innovations, a subsidiary of Bosch Group, was founded in 1997, and is based in Berlin, Germany.
The major offerings of the company include BPM, a software solution for managing business processes; BRM, a solution that provides a platform for creating, maintaining, and optimizing business logic; and M2M Communication, a device management solution that allows users to integrate their devices into the network and structure them to form virtual systems. The company serves customers in the Utility, Manufacturing, Banking and Financial Services, Retail and Logistics, IT, and Insurance sectors worldwide.
The company has offices in locations such as Berlin, China, Australia, Illinois, Virginia, and California.”
Cisco Systems
“Cisco Systems designs, manufactures, and sells products and services related to the IT and Communications industries worldwide. It offers a wide range of products and security solutions, including fixed-configuration and modular switches, IP phones, workstations, access points, call center and messaging products, telepresence systems, firewall, intrusion prevention, cloud managed solutions, fabric interconnects, and data center products.
The company operates through two major segments: Product (Switching, NGN Routing, Service Provider Video, Collaboration, Wireless, Data Center, Security, and others) and Services (Technical Support Services). It offers solutions to the Automotive, Energy, Government, Healthcare, Manufacturing, and Entertainment sectors.
It has a wide geographical base that covers the Americas, the EMEA region, and the APJC region. The company had approximately 75,049 employees in July 2013, with an established global network of customers and channel partners in over 100 countries.”
HP
“HP was founded in 1939 and is headquartered in Palo Alto, US. It provides IT products, software and hardware solutions, and services. The company’s customers include SMEs, individual consumers, and large enterprises including customers in the Healthcare, Government, and Education sectors. It is the world’s second largest PC provider after Lenovo. The company spent US$3.1 billion on R&D in 2013, a significant outcome of which was seen impacting the M2M market.
The major offerings of the company include PCs, imaging and printing devices, enterprise IT infrastructure solutions, and related services. It also provides outsourcing services, technology support and maintenance, and consulting services. The company designs solutions for the Security, Mobile, and Big Data sectors by leveraging the diversity of its offerings, and strengths and capabilities of its individual business units.”
Convergys
“Converges is a Global provider of customer management business process outsourcing solutions for communications, financial services, technology, and other vertical markets.”
Ericsson
“Ericsson is a global provider of telecommunications equipment and related services to mobile and fixed network operators.”
Huawei
“Huawei is a global provider of telecom products such as wireless, broadband, core, transmission networks, and data communications.”
JDS Uniphase
“JDS Uniphase is a global provider of communications test and measurement solutions, and optical products for telecommunications service providers.”
Novatel
“Novatel is a Global provider of wireless broadband access solutions for the Mobile Communications sector.”
Sensinode
“Sensinode is a company that develops and supplies end-to-end software technology solutions for IoT.”
